Chubb Says April, May Storms Cost Insurer Up to $310 Million

Chubb Corp. (CB) the insurer of luxury homes and corporate boards, said storms in April and May will cost the company $250 million to $310 million before tax.

The natural disasters, including tornadoes, will cost 55 cents to 68 cents a share after tax in the second quarter, the Warren, New Jersey-based insurer said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Brooke Sutherland in New York at Bsutherland5@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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