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Chubb Announces Q3 Cat Losses of Up to $475M

Posted on 29 Sep 2011

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The Chubb Corporation announced today that it estimates losses from third quarter catastrophes were approximately $400 million to $475 million before tax.

The estimate includes approximately $300 million to $375 million of losses from Hurricane Irene, as well as losses from eight other catastrophe events in the United States. 

The impact of the catastrophe losses will be reflected in Chubb’s third quarter 2011 financial results.