20171--2/28/2007--CHUBB

related topics

{loss, insurance, financial}

{debt, indebtedness, cash}

{financial, litigation, operation}

{capital, credit, financial}

{customer, product, revenue}

{regulation, government, change}

{product, market, service}

{condition, economic, financial}

{product, liability, claim}

If our property and casualty loss reserves are insufficient, our results could be adversely affected. The effects of emerging claim and coverage issues on our business are uncertain. Catastrophe losses could materially and adversely affect our business. The failure of the risk mitigation strategies we utilize could have a material adverse effect on our financial condition or results of operations. The availability of reinsurance coverage and our inability to collect amounts due from reinsurers could have a material adverse effect on our financial condition or results of operations. Cyclicality of the property and casualty insurance industry may cause fluctuations in our results. Payment of obligations under surety bonds could adversely affect our future operating results. A downgrade in our financial strength and credit ratings could adversely impact the competitive positions of our operating businesses. Our businesses are heavily regulated, and changes in regulation may reduce our profitability and limit our growth. There are a number of investigations underway into business practices in the property and casualty insurance industry by various U.S. state and federal authorities as well as by regulators in jurisdictions outside the U.S. We cannot predict the outcome of these investigations or related legal proceedings, including any potential amounts that we may be required to pay. Intense competition for our products could harm our ability to maintain or increase our profitability and premium volume. We are dependent on a distribution network comprised of independent insurance brokers and agents to distribute our products. The inability of our insurance subsidiaries to pay dividends in sufficient amounts would harm our ability to meet our obligations and to pay future dividends.

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20171--2/28/2007--CHUBB_CORP