Chubb Says Catastrophes Cost $240 Million in Period, Led by U.S.

Chubb Corp., the insurer of high-end homes, said catastrophe losses were $240 million before taxes in the second quarter.

Costs were $175 million in the U.S., primarily tied to severe storms, and $65 million outside the country, mostly from storms and flooding in Alberta, Canada, the Warren, New Jersey-based insurer said today in a statement distributed by PR Newswire.

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