Chubb Profit Up 28% Despite Asbestos Charge

By Michael Ha

NU Online News Service, Feb. 4, 1:12 p.m.EST?The Chubb Corporation's 2003 fourth-quarter netearnings rose 28 percent, to $72.3 million from $56.6 millionreported during the 2002 fourth quarter, despite taking heftycharges including $250 million pretax to boost asbestos andenvironmental reserves.[@@]

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