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Chubb, Zurich and Berkshire with new liability
Summary by Herbert Frommes Versicherungsmonitor
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Remarkable team formation: Chubb, Zurich and National Intelnity, a reinsurer of the Berkshire-Hathaway Group, jointly offer additional liability coverage for companies in the United States, responding to the increasing number of claims for damages against corporations before US courts. Per risk, they want to offer up to 100 million dollars (88 million euros) in Excess Umbrella capacity. Complaints against companies are piled up before US courts …
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