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Insurer Chubb prepares to pay $350 million in Baltimore bridge collapse, WSJ reports

The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker. The $350-million payout could be the first of many related to the disaster that analysts have said might cost insurers up to $4 billion, making it a record shipping insurance loss. The tragedy that killed six people occurred after a Singapore-flagged container ship collided with the landmark bridge. ....

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Hubbell (NYSE:HUBB) Announces Earnings Results

Hubbell (NYSE:HUBB – Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.54 by $0.06, Briefing.com reports. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The firm had revenue of $1.40 […] ....

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Baltimore bridge insurer will pay Maryland $350 million in collapse

The insured losses of the Francis Scott Key bridge disaster total between $2 billion and $4 billion ....

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Hexagon Capital Partners LLC Has $88,000 Stock Holdings in Chubb Limited (NYSE:CB)

Hexagon Capital Partners LLC boosted its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 34.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 388 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Hexagon Capital Partners LLC’s holdings in Chubb were worth […] ....

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Hexagon Capital Partners LLC Grows Holdings in Chubb Limited (NYSE:CB)

Hexagon Capital Partners LLC boosted its position in shares of Chubb Limited (NYSE:CB – Free Report) by 34.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 388 shares of the financial services provider’s stock after acquiring an additional 100 shares during […] ....

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