You're right! That's why I have a big position in Chubb (CB). 46 consecutive years of dividend increases is hard to beat. The most recent earnings were down significantly because of hurricane damage, but that's now fully built into the share price. They're increasing premiums by about 4% going forward due to the recent claim history. That's one of the nice things about the insurance business; if you get hit with loss claims, you just make up for it by raising premiums. I view PCL as rather risky for someone who is 76, no matter how long he might expect to live.