Highlights
A collection of news and information related to Chubb Corporation published by this site and its partners.
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Chubb, other insurers must face suit over SEC, Bear Stearns settlement claims
ReutersBy Karen Freifeld NEW YORK, June 11 (Reuters) - A subsidiary of Chubb Corp. and other insurers must defend themselves against a lawsuit for refusing to cover more than $200 million paid out by Bear Stearns over illegal mutual fund trading practices,...Tags: Breach of Contract, Corporate Crime, U.S. Securities and Exchange Commission, Mutual Funds, Securities
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Liability Claims From Dog Bites Are Increasingly Costly For Insurers
Liability claims related to dog bites are getting more expensive, according to an analysis of claims data released Wednesday by the Insurance Information Institute and State Farm. The number of dog-bite claims fell by 1.4 percent last year to 16,459 from...Tags: Allstate Corp., Insurance
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Storm Sandy Makes 2012 The Second-Costliest Year For U.S. Insurers
The Hartford CourantNatural disasters in 2012 cost insurance companies about $58 billion, making it the second-most expensive year ever in the U.S., exceeded only by 2005 when hurricanes Katrina and Rita smashed into the Gulf Coast. Far and away the biggest factor in the...Tags: Disasters and Accidents, Hurricanes, Natural Disasters, Hurricane Sandy (2012), Munich (Germany)
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Travelers Estimates $650 Million In Sandy Losses, After Tax, Reinsurance
The Hartford CourantHurricane Sandy is estimated to cost The Travelers Cos. $650 million after the company accounts for tax and reinsurance. Reinsurance is insurance for insurers, covering insured costs if the dollar amount reaches a certain level. Before tax and...Tags: Transportation Industry, Hartford Financial Services Group Incorporated, Hurricane Sandy (2012), Allstate Corp., Business
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Chubb Raises Outlook On Lower Catastrophes, Firming Rates
Property and casualty insurer Chubb Corp.'s third-quarter profit beat Wall Street expectations, and the company raised its operating income forecast, as catastrophe losses fell sharply and rates increased across its businesses. For the full year, Chubb...Tags: Stock Market, NYSE Euronext, Inc., Thomson Corporation, Earnings Forecasts, Insurance
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Fewer Natural Disasters This Year Likely Means Strong Quarter For Insurers
The Hartford CourantColorado wildfires, an early tornado season and major thunderstorms with hail marked some of the natural disasters in the U.S. during the first half of this year, and even those are a small fraction of the catastrophes that occurred in the first half of...Tags: Disasters and Accidents, Hartford (Hartford, Connecticut), Wildfires, Natural Disasters, Tornadoes
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Possible Damage From "Fracking" Not Covered By Standard Homeowner's Policy
The Hartford CourantIn case you were wondering, insurance policies for homes and commercial properties probably don't cover any damage that might be caused by "fracking" – a relatively new approach to drilling for natural gas through hydraulic fracturing. The issue...Tags: Conservation, Petroleum Industry, Environmental Issues, Energy Resources, The Hartford Financial Services Group Inc.
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State Hurricane Facts In Advance Of Season Starting June 1
The Hartford CourantIf the Great New England Hurricane of 1938 happened in present conditions, it would cost an estimated $38 billion in damage that would be covered by insurance, which says nothing of the overall economic cost. The estimate by AIR Worldwide is included...Tags: Hurricanes, Disasters and Accidents, National Oceanic and Atmospheric Administration, Tropical Storms, Natural Disasters
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Insurers Respond To Claims With Mobile Units, Busy Adjusters
The Hartford CourantJane Pulcini was walking up the stairs in her Newington home Sunday about 11 a.m. when Tropical Storm Irene split an oak tree in her front yard, crashing a huge limb onto her roof. "So, I'm going up the stairs, and I thought I heard thunder," said...Tags: East Haven, Natural Disasters, Colchester, Tornadoes, Long Island
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Major companies file brief against DOMA: Discrimination is bad for business
BoystownIn a major and somewhat unusual move, over 70 major businesses and organizations filed a legal brief stating their opposition to the anti-gay “Defense of Marriage Act” (DOMA), which bans federal recognition of same-sex marriages. Some of the... -
The week ahead
Chicago TribuneMonday: -- Earnings: Altera Corp.; American Express Co.; Amylin Pharmaceuticals Inc.; Avaya Inc.; BellSouth Corp.; Centex Corp.; Kraft Foods Inc.; Pactiv Corp.; Quest Diagnostics Inc.; SanDisk Corp.; Texas Instruments Inc. Tuesday: -- July consumer...Tags: Sun Microsystems Inc., CME Group Inc., Daimler AG, Kimberly-Clark Corporation, Boeing Co.
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Insuring the investment of a lifetime
Your Money staff reporterThe ring was bought and guarded carefully until just the right moment. And she said yes. With one in five engagements taking place in December, a number of couples will begin to flash a significant investment. Celebrations aside, now is also the time...Tags: Rentals, Crime, Law and Justice, Blue Nile Incorporated, Allstate Corp., Cook County
Jun 11, 2013
|Story| Reuters
May 15, 2013
|Story| Hartford Courant
Jan 3, 2013
|Story| Hartford Courant
Dec 5, 2012
|Story| Hartford Courant
Oct 25, 2012
|Story| Hartford Courant
Jul 16, 2012
|Story| Hartford Courant
Jul 13, 2012
|Story| Hartford Courant
May 23, 2012
|Story| Hartford Courant
Aug 30, 2011
|Story| Hartford Courant
Nov 7, 2011
| RedEye
Jul 23, 2006
|Story| Chicago Tribune
Nov 12, 2006
|Story| Chicago Tribune
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