Chubb Estimates Pre-Tax Losses from Hurricane Charley at $35 to $40 Million; Contributes to Relief Efforts

The Chubb Corporation announced that its losses from Hurricane Charley are estimated to be $35 to $40 million pre-tax.

John D. Finnegan, Chairman, President and CEO also announced that Chubb would contribute $500,000 to the Volunteer Florida Foundation Hurricane Charley Relief Fund established by Florida Governor Jeb Bush.

“Chubb’s claims people are working with our customers to help them recover from the losses caused by the hurricane,” Finnegan stated. “Our contribution to the relief fund will assist the people who were most seriously affected by the storm.”

Latest Comments

• August 29, 2004 at 10:38 am

  Al Purmort says:

  I am suprised by the amount of loss as Chubb has been very careful about it's exposure in that area. However, the policy is fantastci and probably adds about 15 - 20% onto th... read more
• August 25, 2004 at 2:51 am

  Big Insurance says:

  Most carriers look for publicity. I'm sure we'll see a multitude of Allstate windbreakers parading around for the cameras, but the question left dangling after Andrew: How wil... read more
• August 25, 2004 at 12:45 pm

  Mike Lapre says:

  Chubb is and has always been a great company, their contribution to the relief efforts is more than many carriers will do.