NU Online News Service, April 20, 11:04 a.m. EDT

Chubb Corp. says the first quarter saw renewal rate increases across the board in U.S. commercial and specialty lines while first quarter net income for 2012 fell slightly to $506 million.

Net income fell less than 1 percent, or $3 million, from first quarter mark in 2011 of $509 million for the Warren, N.J.-based carrier.

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