Chubb Corp. says it expects about $240 million in pretax,second-quarter catastrophe losses.
|The catastrophe losses are expected to be about $156 millionafter tax, Chubb adds.
|About $175 million of the pretax total can be attributed tocatastrophes in the U.S.—primarily storms in the centralstates.
|Chubb was also exposed to the flooding in Alberta, Canada. Theinsurer says most of its $65 million in non-U.S. catastrophe losseswere from this event.
|Chubb is scheduled to release second-quarter earnings on July25.
|Chubb scored record first quarter results, with net income of$656 million—an increase of 30 percent over 2012's first quarter—onhigher rates, strong underwriting performance and low catastrophelosses.
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