Chubb and Travelers Are the Best, but What About the Rest?

The reason why the best property casualty insurance companies report earnings first is the same reason the smartest pupils sit in the front of the class: they’ve done their homework and they’re ready to answer questions. So it came as no surprise that Chubb was early out of the box to report that third quarter earnings had doubled, and Travelers announced the same day that profits had quadrupled.

Meanwhile in the back of the class - where kids are staring into space, texting on cell phones and counting on government bailouts - the scene is not so serene. They haven’t been called upon to recite yet, but a gloomy longer-term picture emerges from what Chubb and Travelers already reported.