NU Online News Service, July 24, 2:31 p.m. EDT

Citing what it expects to be improved performance in the coming year, Warren, N.J.-based insurer Chubb Corp. raised its earnings guidance by 30-cents per share on the high end as it reported second-quarter net income increased 17 percent.

"Chubb turned in an outstanding quarter in every respect despite the recessionary conditions in the United States and around the world," said John D. Finnegan, Chubb's chairman, president and chief executive officer during an analyst's conference call. "We had terrific underwriting results and our investment portfolio performed extremely well."

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