Sun, Sep 21, 2014, 6:37 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

The Chubb Corporation Message Board

  • forrestgrump55e forrestgrump55e Aug 26, 2011 5:01 PM Flag

    Edward Rust Jr., of State Farm speaks on MAJOR ECONOMIC UPHEAVAL RESULTING FROM HURRICANES

    “The big news of ’05 wasn’t Katrina, it was Rita,” said Edward Rust Jr., chairman and CEO of State Farm, at the Property and Casualty conference. Devastating as it was, Hurricane Rita could have been much worse, Rust said. It could have caused a major economic upheaval.

    “If Rita had moved 30 miles towards Galveston, it would have been a major hit to the economy,” Rust said. “Not only from an insurance perspective, but also in terms of the petroleum industry and shipping. That sort of storm hits your equity portfolio, your investment in municipal bonds.”

 
CB
92.13-0.60(-0.65%)Sep 19 4:04 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.