DIRS.INFO The most relevant business & tech news

☆ Chubb CEO says climate change has created 'tremendous volatility' for insurance companies
▼ + stars: | 2024-06-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Chubb CEO Evan Greenberg told CNBC's Jim Cramer on Thursday that climate change is one factor that's driving the price of insurance. "Climate change has created tremendous volatility, and it continues to evolve," Greenberg said. "And the concentrations of values in areas where, where the climate – the impact of the climate – is greatest continues to increase." Known for insuring businesses and wealthy individuals, Chubb is also a major insurer of agriculture, Greenberg said. "And so, therefore, reflecting loss cost, when you think general inflation, when you think climate change, when you think litigation, that is driving the pricing of insurance."

Persons: Chubb, Evan Greenberg, CNBC's Jim Cramer, Greenberg, Warren Buffett, Berkshire Hathaway, Donald Trump, E, Jean Carroll Organizations: Berkshire Locations: U.S, North America, Asia, America, Wednesday's

☆ Baltimore bridge insurer is reportedly set to write a $350 million check
▼ + stars: | 2024-05-02 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Chubb, the Baltimore bridge insurer, is set to pay out $350 million, per The Wall Street Journal. The bridge's collapse in March killed six people and shut down the port of Baltimore. Chubb, the state of Maryland, and victims' families will likely sue the ship's owners, per the Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe insurer of Baltimore's Francis Scott Key Bridge is gearing up to issue a $350 million payout to the state of Maryland, The Wall Street Journal reported on Thursday.

Persons: Chubb, Baltimore . Chubb, —, Francis Scott Key, Henry Daar, WTW, Daar, Dali, Chubb didn't Organizations: Street, Service, Barclays, Business Locations: Baltimore, Maryland, London

☆ What's up with Trump and Chubb? Insurance giant balks at underwriting fraud-case bond days after blowback from E. Jean Carroll bond
▼ + stars: | 2024-03-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Ten days ago, Chubb underwrote Trump's $92 million bond for his E. Jean Carroll defamation appeal. But Chubb declined to handle the far higher appeal bond Trump now needs in his NY civil fraud case. The insurance giant had faced blowback after agreeing to the Carroll bond. Chubb's "no, thanks" comes just five days after the company's CEO, Evan Greenberg, sent a letter to brokers, clients, and investors addressing widespread criticism over the Carroll bond. The Carroll bond was underwritten by Chubb subsidiary Federal Insurance Company.

Persons: Chubb, Trump's, Jean Carroll, Trump, Carroll, —, Donald Trump's E, Evan Greenberg, Greenberg, Nick Newton, Newton, Neil Pederson, Pedersen, it's, Letitia James, James, Alan Garten Organizations: Service, GOP, Trump, Insurance, Business, Chubb, Insurance Company, National Association, Bond, Sons, New York, Trump Organization Locations: New York, York, AssuredPartners, Manhattan

☆ The Equity Talk: Why Darryl Page came out of retirement to be Chubb's chief culture officer
▼ + stars: | 2024-01-15 | by ( Josée Rose | ) www.businessinsider.com time to read: +10 min

He's vice president and chief culture officer at the insurance giant Chubb, and diversity, equity, and inclusion work falls under his remit. Page used an example of walking into a room of people and giving them all a pair of size 10 shoes. So I really came to this work as a business leader with a lot of experience running a business. There are a few instances where there's important business information that you need to impart, and you may have a difficult time getting the attention of leadership. I think the challenge around this is that if you're really committed to your view on this, then you have to find a different way.

Persons: Darryl Page, Chubb, Elon Musk, Mark Cuban, Page, It's, that's, George Floyd's, I've, They're, I'd, it's, There's, — Organizations: Elon Locations: America

☆ Chubb's Ana Robic on 2024: I want to educate customers about the insurance they don't realize they need
▼ + stars: | 2023-12-28 | by ( Josée Rose | ) www.businessinsider.com time to read: +7 min

What was supposed to be a way to get through the summer doing "the lame insurance thing" turned into a career, she said. "People's expectations of this industry are generally quite wrong," Robic told Business Insider. What makes insurance unique, Robic said, is that "the thing you're promising people doesn't change." What's one thing you're excited about for 2024? And it sounds silly, because it's insurance, and I think you're inundated with images on TV as to what insurance is.

Persons: Ana Robic, Chubb, She's, —, Robic, It's, I'm, we've, you've, We're, There's, We've, we're, Ana Robic's Organizations: Service, Chubb, Business Locations: Business, Canada, North America, New Jersey, Dallas

Team physician Dr. James Voos repaired damage to Chubb's left medial capsule, meniscus, and medial collateral ligament during surgery on Friday, the Browns said. Chubb will have to undergo a second surgery in the coming months to repair his ACL. The loss of Chubb is a major blow to the Browns (2-1), who have leaned on him the past few seasons. He gained 106 yards in the season opener and had 64 on 10 carries against the Steelers before going down. Following last week's win over Tennessee, Browns coach Kevin Stefanski hand delivered a game ball to Chubb at home.

Persons: Nick Chubb, James Voos, Chubb, Bowler, ” Chubb, Minkah Fitzpatrick, Kevin Stefanski, Jerome Ford, Kareem Hunt, ___ Organizations: CLEVELAND, — Cleveland Browns, Pittsburgh, Team, Browns, Georgia, Steelers, The Steelers, Tennessee Locations: Chubb's

☆ These are the most oversold stocks during a harsh September for the market
▼ + stars: | 2023-09-29 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Conversely, a reading lower than 30 typically means a stock is oversold and could be a signal of a possible buying opportunity. MGM YTD mountain MGM in 2023 Realty Income is the most oversold company in the S & P 500, scoring the lowest RSI of the lot at 5.19. Other oversold stocks include Boeing , discount retailer Dollar General and cloud software company Salesforce . Travelers Companies is the most overbought stock in the broad-based index with an RSI of 79.89. Big-name health-care and insurance company UnitedHealth Group , with a market cap of $469.26 billion, has a 14-day RSI of 75.54.

Persons: Wells Fargo, Chubb Organizations: Nasdaq, Dow Jones, CNBC Pro, MGM Resorts, MGM, Culinary Workers Union, Wynn Resorts, Wall Street, Netflix, Hollywood, Boeing, Dollar, Travelers Companies, . Insurance, UnitedHealth, Pharmaceutical, Humana, Arch Capital Group Locations: Vegas

PITTSBURGH (AP) — Steelers safety Minkah Fitzpatrick believes the hit that ended B rowns running back Nick Chubb's season on Monday night was unfortunate but not dirty. Chubb had Steelers linebacker Cole Holcomb on his back when Fitzpatrick struck Chubb's left leg. “I’m a guy that is a competitor, that is going to go out there and play the game,” Fitzpatrick said Thursday. “It was an unfortunate hit. He made a decision to go low because he believed if he didn't, he was “going to get run over and I’m going to get concussed."

Persons: Minkah Fitzpatrick, Nick Chubb's, Fitzpatrick, Chubb, Cole Holcomb, Chubb's, ” Fitzpatrick, “ I’m, I’m, “, they’ve, Holcomb, you’ve, ”, Jerome Ford, ___ Organizations: PITTSBURGH, — Steelers, Cleveland, Steelers, Browns Locations: Pittsburgh, Las Vegas

Cleveland allowed an opponent to score two defensive touchdowns for the first time since Pittsburgh did it on Oct. 16, 1983. The Browns played most of the final three quarters without Chubb, who was carted off the field with what appeared to be his second major left knee injury. Chubb took a handoff from Watson early in the second quarter and reached the Pittsburgh 3 when Steelers safety Minkah Fitzpatrick dove at Chubb's legs. The Browns beat the host Steelers in the playoffs after the 2020 season. Steelers: At Las Vegas (1-1) next Sunday, when they will try to beat the Raiders on the road for the first time since 1995.

Persons: — T.J, Watt, DeShaun Watson, Nick Chubb, Alex Highsmith —, Jedrick Wills Jr, Chubb, Watson, Minkah Fitzpatrick, Fitzpatrick, Jacoby Brissett, ”, Jerome Ford, tandems, Kenny Pickett, George Pickens, Cleveland, Ford, Pierre Strong, Matt Canada, Za'Darius Smith, Greg Newsome, KR Gunner Olszewski, ILB Elandon Roberts, ___ Organizations: PITTSBURGH, Pittsburgh Steelers, Cleveland Browns, Cleveland, The Steelers, Browns, Georgia, Pittsburgh, Steelers, Bowler's, ESPN, Steeler, KR, Host Tennessee, Sunday, Las Vegas, Raiders Locations: Pittsburgh, Cleveland, Las

☆ Stocks making the biggest moves midday: Southwest Airlines, Goldman Sachs, Bellus Health and more
▼ + stars: | 2023-04-18 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

PowerSchool Holdings – The educational technology stock added 3.5% after Goldman Sachs upgraded shares to buy from neutral. Bank of America – The bank stock was about flat even after the firm reported first-quarter earnings and revenue that topped expectations. Goldman Sachs – Shares slid 1.3% after Goldman Sachs reported first-quarter revenue of $12.22 billion, lower than the $12.79 billion forecasted by analysts polled by Refinitiv. The company reported adjusted earnings of $2.68 per share and revenue of $24.75 billion. Bellus Health, GSK – Bellus shares roughly doubled after GSK said it would acquire Canada-based biopharmaceutical company Bellus.

Search resuls for: "Chubb's"

10 mentions found