William R. Berkley says reserve deficiencies are driving the need for the marketplace to increase rates, and the abilities of some companies to take corrective actions will lessen.

Prior-year reserve deficits, especially among W.R. Berkley Corp.’s small- and mid-size competitors are a “snowball going downhill,” says the chairman and chief executive officer during a third-quarter earnings conference call.

He adds, “The abilities [of these companies] to continue on the run will diminish.” Berkley predicts solvency issues for some smaller companies.

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