Latest Chubb Headlines

Employee Crime: Big Threat to Small Companies

Oct 31 2006 // More than one in three (36 percent) private companies, many of which were uninsured, experienced an employee theft averaging nearly $350,000 within the past five years, according to research by the Chubb Group of Insurance...

Profits Surge at Chubb; Professional Liability Continues Improvement

Oct 27 2006 // The Chubb Corp. reported that net income in the third quarter of 2006 was $604 million, or $1.43 per share, compared to $246 million, or $0.60 per share, in the third quarter of 2005. Operating income increased to $579...

Husband Arrested in Stabbing Death of Chubb Employee in N.Y.

Sep 17 2006 // The estranged husband of a woman stabbed to death while walking to work has been arrested in her slaying, police said Friday. Richard Allende, 41, was arrested on suspicion of second-degree murder. The stabbing occurred at...

People and Places

Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...

Warren is a 20-year insurance industry veteran. She originally joined Beecher Carlson in March 2005 as senior vice presi

Sep 4 2006 // People American International Group, Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster, Jr. who had filled that role on a temporary basis since year-end 2005, and...

News Currents

Sep 4 2006 // Chubb, State Farm reducing auto rates in California State Farm Insurance, California’s largest auto insurer, has applied for an 8 percent average reduction for its policyholders while simultaneously implementing new...

People

Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...

Sep 4 2006 // People RISC, based in Dallas, promoted Beth Winstead to senior vice president in its Brokerage Department. Winstead joined RISC in 1997 as a casualty broker and has been one of its most consistent performers since that...

Chubb, State Farm reducing auto rates in California

Sep 4 2006 // State Farm Insurance, California’s largest auto insurer, has applied for an 8 percent average reduction for its policyholders while simultaneously implementing new auto rate regulations, according to the Department...

People

Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...

Chubb Reduces California Auto Rates An Average of 34 Percent

Aug 23 2006 // The Chubb Group of Insurance Companies is lowering its automobile insurance rates in California by an average of 34 percent. Furthermore, the company said it is rolling out new coverage options including high limits of...

New Markets

Aug 21 2006 // Environmental Insurance Program Nuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for...

New Markets

Aug 21 2006 // Environmental Insurance Program Nuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for...

ACE USA Names Lambert Senior VP – Global Solutions

Aug 17 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has appointed Scott Lambert as Senior Vice President, ACE Global Solutions. He will have responsibility for leading the ACE USA International...

Singapore Brokers Give Chubb ‘Best Claims Service’ Award

Aug 7 2006 // Members of the Singapore Insurance Brokers Association recently voted Chubb as having the “Best Claims Service.” This is the second consecutive time Chubb has won the award and the fifth consecutive time it...

Chubb chugsalong in 2nd quarter

Aug 7 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...

Chubb Broadens Global Kidnap & Ransom, Extortion Coverage

Aug 2 2006 // The Chubb Group announced that it has “enhanced its Kidnap/Ransom and Extortion Insurance policy,” reflecting “global realities.” Greg Bangs, who manages Chubb’s K&R-extortion unit,...

Chubb Chugs Along in 2d Quarter; Raises Outlook for 2006

Jul 26 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...

Chubb to Discuss 2d Quarter Results in Web Conference

Jul 24 2006 // The Chubb Corporation expects to release second quarter 2006 earnings on Tuesday, July 25, 2006 after the close of the market. The information will be available shortly thereafter on Chubb’s website at...

ACE USA Realigns Construction Industry Practice

Jul 19 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has announced that its Construction Industry Practice, formerly part of ACE Risk Management, will now become a unit of ACE Casualty Risk, and...