The Boy Scouts of America’s liability insurers threw doubt on the huge increase in sex-abuse claims filed against the youth organization after it filed for bankruptcy, claiming that plaintiffs’ attorneys and for-profit claims generators helped gin up tens of thousands of claims with little or no vetting. In Friday court filings, insurers affiliated with Chubb… Continue reading Boy Scouts’ Liability Insurers Challenge Sex-Abuse ‘Claim-Mining’
Tag: Chubb
Chubb Earns Highest Customer Satisfaction Rating in Latest J.D. Power Study
Chubb has earned the highest customer satisfaction rating in the J.D. Power 2020 U.S. Small Commercial Insurance Study. Chubb is receiving this prestigious award based on its performance in five key customer satisfaction factors including claims, interaction, billing and payment, policy offerings, and pricing. This leading benchmarking study profiles the experiences of small business insurance… Continue reading Chubb Earns Highest Customer Satisfaction Rating in Latest J.D. Power Study
Chubb Outlines Plan for U.S. and Insurers to Team Up for Future Pandemic Costs
Chubb Ltd. proposed that insurers and the U.S. government work together to cover future business-interruption losses from pandemics, as the industry faces a flurry of lawsuits over costs related to coronavirus-related shutdowns. Chubb, the large global insurer led by Evan Greenberg, announced Wednesday a plan for a “public-private partnership” that works differently for small businesses… Continue reading Chubb Outlines Plan for U.S. and Insurers to Team Up for Future Pandemic Costs
Chubb Achieves Greenhouse Gas Emissions Reduction Goal; GHGs Cut 22% from 2016 Baseline
Chubb announced today that it has achieved its short-term goal to reduce greenhouse gas (GHG) emissions 20% on an absolute basis by 2025. By year-end 2019, Chubb’s GHG emissions were cut 22% from a 2016 baseline. The company continues to pursue its long-term goal to reduce absolute GHG emissions 40% by 2035. Both science-based goals… Continue reading Chubb Achieves Greenhouse Gas Emissions Reduction Goal; GHGs Cut 22% from 2016 Baseline
Combined Insurance Responds to Community Needs with Food Bank Donations
Combined Insurance, a Chubb company, announced today their commitment to supporting the wellbeing of communities with a $25,000 donation to four food banks in the U.S. to include—Food Bank For New York City, Northern Illinois Food Bank, Feed NC, and Feeding South Florida. The donation serves as a response to the critical food needs and… Continue reading Combined Insurance Responds to Community Needs with Food Bank Donations
Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Industry
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the economic plumbing of this country,” Greenberg said in an interview Thursday. Forcing insurers to foot the bill for losses not covered by policies… Continue reading Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Industry
Industry Claim Satisfaction Survey Ranks Chubb as Preferred Insurer for Claims Handling
Commercial brokers and agents as well as risk managers selected Chubb as a top insurer when it comes to claims handling satisfaction in North America for property, management and professional liability, cyber and primary casualty coverages, according to the recently released Advisen Claims Satisfaction Survey. Advisen is an industry-leading provider of insurance data, media and… Continue reading Industry Claim Satisfaction Survey Ranks Chubb as Preferred Insurer for Claims Handling
Chubb Issues New Resources to Help Clients Keep Homes and Businesses Dry
To help protect clients and their properties from the growing risk of water damage, Chubb is issuing two new resources created specifically for personal and commercial insurance clients. Being proactive is the best way to help combat internal water-related risks in the home,” said Fran O’Brien, Division President, Chubb North America Personal Risk Services. “Without… Continue reading Chubb Issues New Resources to Help Clients Keep Homes and Businesses Dry
Fourth-Quarter Middle Market Indicator Report Highlights Growth and Economic Confidence
Chubb and the National Center for the Middle Market (NCCM), housed at The Ohio State University Fisher College of Business, announced results from its fourth-quarter Middle Market Indicator (MMI) report. Findings revealed an increase in revenue, employment growth, economic confidence and investment plans among middle market companies, representing a rebound from the previous quarter. Following… Continue reading Fourth-Quarter Middle Market Indicator Report Highlights Growth and Economic Confidence
Chubb Incident Alert Reporting Tool Now Available to Excess Casualty Clients
Chubb has announced that its signature Incident Alert℠ tool is now available for Excess Casualty clients. The tool, which has previously been used by Chubb environmental and cyber customers, now can assist Excess Casualty clients during a catastrophic event to help identify qualified response contractors, manage cleanup efforts and mitigate potential liabilities. “Catastrophic losses can… Continue reading Chubb Incident Alert Reporting Tool Now Available to Excess Casualty Clients