chubb ltd. - CB

When Warren Buffett's Berkshire Hathaway disclosed it was buying shares of Chubb, the global insurance giant took on a new coolness among the investing community.

Warren Buffett's Berkshire Hathaway revealed its more than $6.7 billion investment in insurance company Chubb in a regulatory filing which sent the insurer's stock to a record high.

Insurer Hartford Financial Services Group said on Friday it had agreed to a settlement with the Boy Scouts of America and would pay $650 million for sexual abuse claims associated with policies issued mostly in the 1970s.