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Chubb Says Disasters Cost $390 Million, More Than Projected

  • Canada wildfires contributed to cost, along with Japan quake
  • Insurer had projected catastrophe costs of $280 million
Updated on

Chubb Ltd., the insurer led by Chief Executive Officer Evan Greenberg, said second-quarter catastrophes cost more than the company had planned.

The pretax cost was about $390 million, led by events in North America, and compares with a previous internal projection of $280 million, the Zurich-based company said Tuesday in a statement.