Headlines from our Chubb Topic Page with the most time spent reading.
Dec 19 2023 // A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse...
Jun 6 2024 // Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week.Evan Greenberg, chair and chief executive officer of...
Apr 24 2024 // A New York state appeals court has reinstated Chubb insurance companies’ bid for judgments declaring that they are not obligated to cover thousands of sex abuse lawsuits brought against the Archdiocese of New York...
Nov 29 2023 // Though the risk of flooding is undeniable, a survey by Chubb of brokers with middle-market commercial clients revealed just 16% of them say more than half their clients buy flood insurance.Furthermore, 65% of the more than...
Mar 13 2024 // Chubb CEO Evan Greenberg, recognizing the criticism swirling around his company’s involvement in recently providing Donald Trump with a $91.6 million appeal bond, penned a letter to explain.“When Chubb issues...
Apr 25 2024 // According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply dumb.”In a call with analysts to discuss Chubb’s earnings for...
Feb 1 2024 // Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating.While he reminded analysts during a fourth-quarter earnings conference...
May 16 2024 // Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory...
Mar 26 2024 // The 5th Circuit Court of Appeals ruled last week that Chubb must cover restitution claims paid to ticket holders of the 2020 South by Southwest film festival cancelled due to COVID-19.A three-judge panel reversed a summary...
Mar 8 2024 // Donald Trump secured a $91.6 million bond from insurer Chubb in order to allow the former president to appeal an $83.3 million verdict against him in the E. Jean Carroll defamation case.The surety bond contract with...
Nov 28 2023 // Chubb Limited recently announced the launch of the Chubb Methane Resource Hub, a digital resource offering clients information and insights for measuring and mitigating methane emissions. The initiative draws on technical...
Jun 20 2024 // An annual report from Chubb has revealed a couple of troubling trends for many businesses—the frequency and severity of large losses are up and companies are underestimating the amount of liability coverage they...
Jan 9 2024 // A new Chubb report has found that 76% of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes.Sixty-three percent of respondents to the...
Jul 24 2024 // Chubb said second quarter net income was up more than 24% to about $2.2 billion despite higher catastrophe losses than a year ago.Catastrophe losses for the second quarter were $580 million, pretax, compared to $400...
Jul 10 2024 // Chubb today announced an additional handful of promotions within its North America insurance operations, with Ana Robic and Ben Rockwell getting appointed senior vice president of Chubb Group.Robic is division president,...
May 2 2024 // Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March.The...
Jan 31 2024 // Record fourth quarter 2023 net income of $3.3 billion, a huge increase over net income of about $1.3 billion during the same period a year ago, ended what Chubb CEO Evan G. Greenberg called a “blowout...
Mar 26 2024 // Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb.A record 77% of companies reported performance improvement in the last six...
Dec 13 2023 // Chubb announced a collaboration with NetSPI, a global provider proactive security. The pairing is designed to strengthen clients’ cyber-risk profiles with enhanced attack surface management and penetration testing...
Oct 29 2024 // Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter net income of about $2.2 billion, up 13.8%CEO Evan G. Greenberg said the Whitehouse Station, New...