Chubb estimates $250M-$300M in pre-tax losses in Q4 from Hurricane Milton

Chubb (CB) Limited announced losses in the fourth quarter of 2024 attributable to Hurricane Milton are estimated to be $250M-$300M pre-tax and $208M-$250M after-tax, net of reinsurance and including reinstatement premiums. These estimates include losses generated from the company’s commercial and personal property and casualty insurance businesses as well as its reinsurance operations.