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November 3, 2010 in Editors' Featured
William R. Berkley: Insurance Pricing Cycle Due for a Change
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William R. Berkley, founder, chairman and CEO of the W.R. Berkley Corp. believes the current pricing cycle in the property/casualty insurance industry is due for a change and he's "optimistic" that it will turn sooner rather than later. Speaking at NAPSLO's annual convention in Atlanta, Berkley noted that P/C prices peaked in 2006 and have been on a downward swing since then. But the cycle is now at the point at which historically a change would be expected, he said.
