Chubb Grows WC Premiums in Q2

Chubb Corp., a national property and casualty insurer in the process of merging with the Ace Group, reported Thursday that its net income shrank 1% in the second quarter of 2015. Chubb's net income was $494 million in the second three months of 2015, compared with $499 during the same period last year, according to its latest earnings report. The net income shrinkage appears to be due entirely to lower investment income, with Chubb marking gains in net premium written and its combined ratio, more favorable loss development and lower catastrophe losses during the second qua...