Chubb Estimates Pre-Tax Losses from Hurricane Charley at $35 to $40 Million; Contributes to Relief Efforts

August 25, 2004

The Chubb Corporation announced that its losses from Hurricane Charley are estimated to be $35 to $40 million pre-tax.

John D. Finnegan, Chairman, President and CEO also announced that Chubb would contribute $500,000 to the Volunteer Florida Foundation Hurricane Charley Relief Fund established by Florida Governor Jeb Bush.

"Chubb's claims people are working with our customers to help them recover from the losses caused by the hurricane," Finnegan stated. "Our contribution to the relief fund will assist the people who were most seriously affected by the storm."