Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Chubb Q1 Profit Dips Along With Investments, Sales
Apr 24 2009 // High-end property/casualty insurer Chubb Corp. said Thursday that earnings fell in the first quarter, hit by losses on fund investments and declining policy sales. Chief Executive John Finnegan said the “difficult...
ACE USA Launches Green Contractors Program
Apr 15 2009 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, launched ACE Green CPLSM , a contractors pollution liability program. The new program will help address the growing risks and potential...
Chubb Alters Wind Coverage Offer in Southern Florida Coastal Counties
Apr 15 2009 // Chubb Personal Insurance has notified its agents it is no longer including wind coverage in Masterpiece homeowners insurance policies for new customers in 14 Southeast and Southwest coastal counties in Florida. The...
Chubb’s Tomlinson Named ‘Insurance Woman of the Year’
Apr 3 2009 // The Association of Professional Insurance Women Inc. (APIW) has selected Chubb Group Executive Vice President Janice Tomlinson as its “Insurance Woman of the Year.” Tomlinson, who has been employed by Chubb...
Chubb Finds Disputes over Who Pays Ransoms Put Crew Members at Risk
Mar 11 2009 // A bulletin from the Chubb Corp. notes that “as pirates increasingly target cargo vessels in the Gulf of Aden, owners are struggling to pay escalating ransom demands—putting their crews at risk, an insurance...
10 Chubb Insurance Employees Win $216 Mega Millions Lottery
Mar 4 2009 // A group of 10 workers from a Chubb Insurance office in New Jersey are winners of a $216 million Mega Millions lottery. The news, first reported by CBS2-TV news this morning, was confirmed with Chubb by Insurance...
New Jersey Company Settles Massachusetts Lawsuit for $239K
Feb 26 2009 // A New Jersey insurance company agreed Tuesday to pay just over $239,000 to settle allegations that it offered improper incentives to a Boston-based brokerage firm. Massachusetts Attorney General Martha Coakley’s...
Chubb Offers Coverage to Upgrade Green After Home Loss
Feb 24 2009 // If a home is damaged or destroyed, homeowners may want to rebuild with green materials and processes, but the additional cost can be prohibitive. Now, homeowners can obtain insurance through the Chubb Group of Insurance...
Chubb Offers New Employment Practices Endorsements
Feb 3 2009 // The Chubb Group of Insurance Cos. has broadened its employment practices liability (EPL) coverage by offering a solution for companies concerned about late claim reporting of Equal Employment Opportunity Commission...
Chubb’s Profits Contracted in 2008
Jan 30 2009 // Fourth quarter profits at Warren, New Jersey-based The Chubb Corp. fell 37 percent to $407 million from $650 million in the same quarter last year. For the full year, net income was down 36 percent to $1.8 billion from...
California Wildfires May Take Longer to Settle
Jan 11 2009 // Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million, as of estimates gathered in early...
Best Affirms Chubb and Subsidiaries ‘A++’ Ratings
Dec 29 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also affirmed the...
Chubb Stresses Key Role of Corporate Governance in China
Dec 17 2008 // “Faced with increased risks from the global financial downturn, Chinese companies should strengthen their loss prevention and risk management techniques,” concludes an analysis presented by Chubb Corp. at a...
S&P Raises Chubb’s Ratings to ‘A+’
Dec 16 2008 // Standard & Poor’s Ratings Services announced that it has raised its counterparty credit rating on Warren, N.J.-based Chubb Corp. to ‘A+’ from ‘A’, “to reflect reduced notching...
Seven Sentenced in New York for $1M Insurance Fraud Scheme
Dec 16 2008 // Four insurance adjusters and three contractors were ordered to forfeit $248,000 after pleading guilty to kickbacks made possible by inflating insurance claims on properties in Manhattan, Brooklyn and Staten...
California Wildfires May Take Longer to Settle
Nov 30 2008 // Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million. Comparatively, those losses are...
Survey: Women Business Owners Optimistic on 2009 Despite Liability Risk
Nov 17 2008 // Nearly three in five (58 percent) women business owners anticipate that their organizations’ revenues will grow in 2009, and nearly one-half (44 percent) do not expect difficulty in obtaining access to credit,...
Survey: Americans Worry Economy Poses Increased Risk to Crime
Nov 11 2008 // More than four in 10 Americans are worried that the current economic environment can expose their families to crime, according to a nationwide survey of 1,000 people. Many survey respondents also indicated that economic...
Travelers, Chubb Protest U.S. Aid for Insurers; Life Insurers Welcome Help
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout. “Most companies in the...
Loews to Inject $1.25 Billion Into CNA Insurance; CEO to Step Down Early
Oct 27 2008 // The nation’s seventh largest commercial lines insurer, CNA Financial Corp., reported a $331 million net loss for the third quarter chiefly due to catastrophe claims and investment losses and said it will receive...
