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The worst drought faced by the United States in decades is expected to cause as much as $68 million in third-quarter Crop Insurance losses for Ace Ltd., says the company’s chief executive.

During a conference call with financial analysts, Evan G. Greenberg, chairman and CEO for Zurich-based international insurer Ace, said that while second-quarter results for Crop Insurance were in line with expectations, the remainder of the year would likely deliver higher loss results.

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