Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Chubb Offers California Homeowners Extended Replacement Cost Settlement
May 27 2008 // Chubb is offering California homeowners extended replacement cost settlement after a total loss to a home, even if the customer chooses not to rebuild at their home’s original site. After a total loss to a home, the...
Chubb Executive Motamed to Become CEO for CNA in 2009
May 27 2008 // The Chubb Corp. reports that Thomas F. Motamed, vice chairman and chief operating officer, will retire from Chubb effective on June 6, 2008. Motamed has accepted the position of chairman and chief executive officer of CNA...
Chubb Establishes $1 Million Fund for Asia Disaster Relief
May 22 2008 // The Chubb Corp. said it has established a $1 million fund for disaster relief efforts related to the Myanmar cyclone and China earthquake. Chubb said it would contribute $500,000 directly to the American Red Cross for...
Chubb Offers Unlimited Replacement Coverage to Texas Homeowners
May 22 2008 // The Chubb Group of Insurance Companies announced it has broadened its homeowners coverage in Texas by introducing unlimited extended replacement cost coverage. In the event of a total covered loss, Chubb can pay to fully...
ACE USA Expands Professional Insurance Products to Public Officials
May 16 2008 // ACE USA reported that it has expanded its professional risk insurance product offerings to include a stand-alone, admitted (in 40 states) policy for elected and appointed officials at various levels of government. The ACE...
House Panel Hits Defense Department, Insurers Over War Zone Insurance Costs
May 16 2008 // A House committee looking into defense contractors has alleged that the Department of Defense (DoD) has been lax in its management such that insurance companies providing workers’ compensation for civilian employees...
Ratings Recap: Calif. Auto/Mercury, Arrowhead, Louisiana Farm, Chubb, Triad
May 8 2008 // Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on California Automobile Insurance Co. (California Auto) to ‘A+’ from ‘A’. S&P...
Chubb Posts Dip in 1st Quarter Profit
Apr 28 2008 // Chubb Corp, one of the largest U.S. business insurers, said that earnings fell 6.5 percent in the first quarter, as the value of policy sales fell moderately. The Warren, New Jersey-based insurer posted net income of $664...
Chubb Plans Brazil Reinsurance Unit
Apr 15 2008 // Federal Insurance Company, a member of the Chubb Group, has applied for a license to operate as an admitted reinsurer in Brazil with a representative office in São Paulo. Chubb Senior Vice-president Herman Weiss, Latin...
Abacus, ACE USA Partner for Online Foreign Event Program
Mar 18 2008 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through abacus.net, has named ACE USA as its package carrier for the Abacus Foreign Event Program....
Camera, Lights, Action: Chubb Offers Risk Policy for Film Producers
Mar 10 2008 // The Oscars may be over, but film producers are still on the job looking for new and better ways to create good movies. A new film producers’ risk policy from the Chubb Group of Insurance Cos. addresses the enormous...
Nanotechnology: A Big Risk in a Small Package?
Mar 10 2008 // Nanotechnology presents great opportunity, but the impact on insurance is still unknown Insurance professionals gathered in the oak-paneled Old Library of Lloyd’s of London this past December to learn more about a...
How to Appraise and Insure Historic Homes
Mar 10 2008 // New technology, historical home insurance help to protect treasured properties Many urban and suburban areas are made more distinctive thanks to the historic homes nestled in their neighborhoods. Keeping history alive...
Camera, Lights, Action: Chubb Offers New Risk Policy for Film Producers
Feb 28 2008 // The Oscars may be over, but film producers are still on the job looking for new and better ways to create good movies. A new film producers’ risk policy from the Chubb Group of Insurance Cos. addresses the enormous...
Chubb Offers Solutions to Art Ownership Disputes
Feb 22 2008 // Chubb Corp. has taken the opportunity afforded by the latest thefts of high profile paintings, to offer some new coverage and advice on how to cope with potential ownership disputes involving art works. Chubb, an important...
Chubb Adds International Hull Insurance to Its Marine Offerings
Feb 22 2008 // The Chubb Group of Insurance Companies has expanded its marine offerings with the addition of international hull insurance. “The move follows Chubb’s recent appointment of two veteran hull underwriters in...
With Law Changed, Chubb Now Offers Home Invasion Coverage in N.Y.
Feb 12 2008 // It took a new state law but the Chubb Group of Insurance Companies has begun to offer coverage for home invasions, child abductions, car jackings and stalking threats as part of its homeowners policies sold in New York...
Chubb Joins Renewable Energy, Green Building Groups
Jan 31 2008 // The Chubb Group of Insurance Companies has joined the American Council On Renewable Energy and the U.S. Green Building Council. Peter Thompson, vice president, Chubb & Son, and worldwide energy manager for Chubb...
Chubb 4Q Profit Stayed About Even; U.S. Premiums Down 2%
Jan 30 2008 // The Chubb Corp. reported that net income in the fourth quarter of 2007 was $650 million or $1.68 per share, compared to $654 million or $1.56 per share in the fourth quarter of 2006. Operating income increased to $620...
Mass. Reports $4M Judgment Against Insurance Broker Wm. Gallagher
Dec 21 2007 // Massachusetts officials say they have won a $4 million judgment against a large Boston-based insurance broker over questionable compensation and reinsurance practices. Attorney General Martha Coakley’s office...
