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Chubb Reports Record Profits Despite Anticipated \$1.5 Billion Wildfire Loss
Chubb reported record 2024 profits with \$2.58 billion net income, but anticipates a \$1.5 billion pretax loss in Q1 2025 due to California wildfires; CEO Evan Greenberg criticizes California's insurance regulations for suppressing premiums, leading to unsustainable risk.
Chubb Reports Record Profits Despite Anticipated \$1.5 Billion Wildfire Loss
Chubb reported record 2024 profits with \$2.58 billion net income, but anticipates a \$1.5 billion pretax loss in Q1 2025 due to California wildfires; CEO Evan Greenberg criticizes California's insurance regulations for suppressing premiums, leading to unsustainable risk.
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