Chubb puts a price tag on its share of L.A. wildfire woes
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Chubb Ltd. has estimated its costs related to the Los Angeles fires to be around $1.5 billion before taxes.
January 28, 2025 | 9:45 pm
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Chubb Ltd. has announced an estimated $1.5 billion in costs due to the Los Angeles wildfires, which could impact its financial performance.
The announcement of $1.5 billion in costs due to the wildfires is significant for Chubb Ltd., as it directly impacts their financials. This could lead to a negative short-term impact on their stock price as investors react to the increased liabilities.
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