Latest Chubb Headlines

All the headlines from our Chubb Topic Page, ordered by recency.

2006 New Markets Report

Dec 24 2006 // E&O, Professional/Management LiabilityNew P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically for...

Best Affirms Harbor Point Re ‘A’ Ratings

Dec 22 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Bermuda-based Harbor Point Re Limited, and has assigned the ICR of...

Chubb Settles with N.Y., Conn., Ill. AGs; Agrees to End Contingent Commissions

Dec 21 2006 // The Chubb Corporation has entered into a settlement agreement with the Attorneys General of New York, Connecticut and Illinois, to resolve an investigation of customer steering, improper finite reinsurance transactions,...

Chubb Expands Excess Flood Policy

Dec 20 2006 // The Chubb Group of Insurance Companies has begun to offer an admitted excess flood insurance product to homeowners policyholders who face either inland or coastal exposures in 15 jurisdictions, including California,...

Mich. Flagstar to Appeal Ruling in Coverage Dispute with Chubb

Nov 22 2006 // Flagstar Bancorp, Inc. has announced that a federal judge dismissed its lawsuit against an insurance company in a coverage dispute. As a result, Flagstar will record a one-time charge in the fourth quarter of 2006 of...

Employee crime is big threat to small companies

Nov 20 2006 // More than one in three (36 percent) private companies, many of which were uninsured, experienced an employee theft averaging nearly $350,000 within the past five years, according to research by the Chubb Group of Insurance...

News Currents

Nov 19 2006 // Employee crime is big threat to small companiesMore than one in three (36 percent) private companies, many of which were uninsured, experienced an employee theft averaging nearly $350,000 within the past five years,...

Employee Crime: Big Threat to Small Companies

Oct 31 2006 // More than one in three (36 percent) private companies, many of which were uninsured, experienced an employee theft averaging nearly $350,000 within the past five years, according to research by the Chubb Group of Insurance...

Profits Surge at Chubb; Professional Liability Continues Improvement

Oct 27 2006 // The Chubb Corp. reported that net income in the third quarter of 2006 was $604 million, or $1.43 per share, compared to $246 million, or $0.60 per share, in the third quarter of 2005.Operating income increased to $579...

Husband Arrested in Stabbing Death of Chubb Employee in N.Y.

Sep 17 2006 // The estranged husband of a woman stabbed to death while walking to work has been arrested in her slaying, police said Friday.Richard Allende, 41, was arrested on suspicion of second-degree murder. The stabbing occurred at...

People and Places

Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...

Warren is a 20-year insurance industry veteran. She originally joined Beecher Carlson in March 2005 as senior vice presi

Sep 4 2006 // PeopleAmerican International Group, Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster, Jr. who had filled that role on a temporary basis since year-end 2005, and...

News Currents

Sep 4 2006 // Chubb, State Farm reducing auto rates in CaliforniaState Farm Insurance, California’s largest auto insurer, has applied for an 8 percent average reduction for its policyholders while simultaneously implementing new...

People

Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...

Sep 4 2006 // PeopleRISC, based in Dallas, promoted Beth Winstead to senior vice president in its Brokerage Department. Winstead joined RISC in 1997 as a casualty broker and has been one of its most consistent performers since that...

Chubb, State Farm reducing auto rates in California

Sep 4 2006 // State Farm Insurance, California’s largest auto insurer, has applied for an 8 percent average reduction for its policyholders while simultaneously implementing new auto rate regulations, according to the Department...

People

Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...

Chubb Reduces California Auto Rates An Average of 34 Percent

Aug 23 2006 // The Chubb Group of Insurance Companies is lowering its automobile insurance rates in California by an average of 34 percent. Furthermore, the company said it is rolling out new coverage options including high limits of...

New Markets

Aug 21 2006 // Environmental Insurance Program Nuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for...

New Markets

Aug 21 2006 // Environmental Insurance ProgramNuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for...