Chubb
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Chubb
The Chubb Group of Insurance Companies, which caters to wealthy homeowners, said it had begun offering the coverage in Arizona, Colorado and Illinois. Chubb said it expected to find a strong market among owners of expensive homes after the Hurricane Katrina. By the end of the year, Chubb said, it expects to be selling flood insurance in 15 states, including Florida. Chubb's approach is to continue to refuse coverage in the riskiest situations.