Property insurer Chubb Corp. Wednesday warned it would report up to $475 million in pretax catastrophe losses in the third quarter, most of it coming from late August’s Hurricane Irene. Chubb said $300 million to $375 million of the $400 …
Homesite Insurance Co., a Boston-based property insurer, appointed Chubb veteran Andrew McElwee Jr. as executive vice president and chief underwriting officer. In this position, he will be part of Homesite’s executive management team and will be responsible for the underwriting …
In the annals of natural disasters, it doesn’t get much worse than a major hurricane directly striking New York City and Long Island. Hurricane Irene is on a course that will take it up the East Coast from the weekend. …
A federal agency says a New Jersey insurance company will pay $110,000 to settle allegations of racial discrimination at its Milwaukee office. The U.S. Equal Employment Opportunity Commission announced the agreement on May 4. The EEOC says it sued Federal …
The Chubb Corp. reported that net income in the fourth quarter of 2010 was $620 million, compared to $695 million in the fourth quarter of 2009. For the year ended Dec. 31, 2010, net income was $2.2 billion, the same …
Washington State Insurance Commissioner Mike Kreidler has ordered six subsidiaries of Chubb & Son to pay a $534,000 fine for violating state insurance laws. Federal Insurance Co., Pacific Indemnity Co., Great Northern Insurance Co., Executive Risk Indemnity Inc.; Vigilant Insurance …
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