Tuesday, September 11th, 2001 — Dean R. O'Hare, chairman and chief executive officer of The Chubb Corp. in Warren, N.J. said that based on preliminary reports and estimates, the company believes it has significant property exposure in the World Trade Center, both for the structure and businesses housed in the towers. Mr. O'Hare added that the company‘s reinsurance will limit its pre-tax loss to the range of $100 million to $200 million, subject to revision as more facts become known.

``In addition, the company will also pay customers' claims under business interruption, accident and workers' compensation coverages, but it is unable at this time to quantify the potential exposure for these losses,' Mr. O'Hare said.