The Chubb Corp. says it estimates its losses from SuperstormSandy to be approximately $880 million before tax, or $570 millionafter tax.

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The Warren, N.J.-based insurer issued a statement last yesterdaysaying these amounts include estimated losses and loss expenses netof reinsurance recoverable and also include estimated reinsurancereinstatement premiums.

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Chubb temporarily suspended its repurchase of its common stockunder its share repurchase program due to uncertainty surroundinglosses from Sandy.

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The company says it now intends to resume repurchasing itsshares, although it no longer expects to complete repurchases underits current $1.2 billion authorization by the end of January 2013as planned.

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Chubb says it expects to announce an additional share repurchaseauthorization at the same time it announces its fourth quarter 2012financial results.

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Fourth quarter results will be released on Jan. 31 at 5 p.m.EST.

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Yesterday, The Hartford released a statement that it expectedapproximately $370 million in losses and Hanover Insurance Groupexpected loses ranging from $120 to $140 million.

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