Filed Under:Agent Broker, Commercial Business

Chubb to Seek More Rate in Northeast; Q4 Profit Drops 77% on Sandy Losses

Chubb Corp. says it plans to seek higher rate increases for Homeowners insurance in the Northeast, following the impact of Superstorm Sandy—the largest catastrophe in Chubb’s history.

Sandy, which made landfall at Southern New Jersey in late October 2012, affected core states for the Warren, N.J.-based insurer.

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