Chubb CEO links insurance cost rise to climate change volatility, inflation, and litigation.
Chubb CEO Evan Greenberg attributes increased insurance costs to climate change's "tremendous volatility," general inflation, and litigation, which he views as a "money-making industry." Chubb, a leading insurer for businesses and wealthy individuals, has a significant presence in the US (60%) and Asia. The company's shares rose in May after being revealed as Berkshire Hathaway's secret stock pick by Warren Buffett.
June 06, 2024
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