NU Online News Service, Oct. 27, 2:30 p.m. EDT

Greenwich, Conn.-based insurer W.R. Berkley Corp. reported its third-quarter net income dropped 4 percent, primarily due to weather-related losses.

Berkley reported net income for the third quarter dropped by $4 million to $94 million, with a net income per share of 61 cents. Net premium written rose for the period by $31 million to $331 million. The company reported a combined ratio of 95.4, up 0.4 points.

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