Chubb Relieved Of $500 M Surety Exposure
NU Online News Service, July 20, 12:59 p.m.EDT?The Chubb Corp. yesterday announced an agreement withAquila that completely discharges the Warren, N.J.-based insurer ofa $500 million surety exposure.[@@]
Specifically, two of Chubb subsidiaries have reached asettlement agreement with Aquila Inc, a Kentucky-based operator ofoil and gas utilities, relating to a surety bond that guaranteeddelivery of gas from Aquila (gas forward purchase contracts).
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