Word: chubb
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Probable starting five: Toole; Begley; Ugonna Onyekwe, F, 6-8, 225, Jr. (13.8 ppg, 7.4 rpg); Koko Archibong, F, 6-8, 215, Jr. (10 ppg, 4.3 rpg); Adam Chubb...
...need such drastic measures to survive. That doesn't mean, though, that they are not hurting. Warren Buffett's General Re reinsurance outfit stands to lose about $2 billion, and European giants Munich Re, Swiss Re and AXA aren't far behind. Direct underwriters such as AIG, Chubb, Travelers and Hartford could lose hundreds of millions of dollars each. Many underwriters have jacked up the premiums for airlines and are sure to slash the level of coverage available for damage on the ground. In the future, companies will probably have to pay extra to be covered...
...jewelry, art and antiques. Such items can decline in value during a slowdown, and many policies pay only what the item would cost at the time of the loss. "You want a cash-value policy that pays at least what you paid," says Mary Ann Avnet, marketing manager at Chubb's personal-insurance division...
...Allstate, the second largest underwriter of homeowner policies in the U.S., stopped offering such coverage a couple years ago. Industry leader State Farm Group is eliminating the coverage state by state. Third-ranked Farmer's Insurance has stopped the coverage as well. Of the 15 largest underwriters, only Chubb continues to offer guaranteed replacement value, says the Insurance Information Institute. And even Chubb has stopped offering it in harsh-weather zones...
...Some curriculum experts have examined the evidence and still favor modern languages instead of Latin. John Chubb, chief executive of the Edison charter schools, said the company decided to make Spanish, not Latin, mandatory in its elementary schools because "we want our kids to be socialized to the outside world...