Chubb Corp. (CB) Sees $0.90-$1.07/share Q3 Post-Tax Catastrophe Loss Impact

The Chubb Corporation (NYSE: CB) announced today that it estimates losses from third quarter catastrophes were approximately $400 million to $475 million before tax (approximately $0.90 to $1.07 per share after 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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• S&P 500 may pull back before midterms, but Citi says buy the dip
• CoStar Group acquires Zonda for $800M, adding new home data