Chubb’s $144mn North America commercial favorable reserve development in Q2 included a $287mn workers’ compensation release and a $116mn auto liability charge “not concentrated in any one year”, chairman and CEO Evan Greenberg said.
On
Chubb Q2 PPD included $287mn WC release, $116mn auto charge: Greenberg
NA casualty pricing was up 11.7%, with rates increasing 9.9% and exposure up 1.6%.