Chubb to Face Up to $1.3 Billion in Losses From Harvey, Irma

Chubb Ltd. said losses from Hurricane Harvey and Irma could total as much as $1.3 billion after taxes.

Harvey, which hit Texas in August and caused flooding in Houston, will cost the insurer about $520 million, the company said Wednesday in a statement. Irma could cost $640 million to $760 million.