Chubb News

Movie Producer Sues Chubb for Breaking Renewal Promise Over COVID-19

A movie production company that signed Ben Affleck to star in its latest “large-budget action thriller” accuses a Chubb insurer of violating longstanding custom and practice by refusing to extend a $58 million insurance policy after the film was delayed …

Zurich Drops Cover for Canada’s Trans Mountain Oil Pipeline

Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups. All financial services companies are under pressure from …

Chubb Urges 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 …

Major Insurers Increase Cover For Trans Mountain Oil Pipeline – Filings

Major insurers Zurich, Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and refined products to British Columbia from Canada’s …

Coronavirus to Spur Largest Single Loss in Insurance History – Chubb CEO

The, will likely spur the largest single loss in insurance industry history, said Evan Greenberg, chief executive officer of Chubb Ltd, during a call with analysts on Wednesday. Chubb, one of the world’s largest insurers, reported its first-quarter financial results …

Chubb CEO 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 …

Insurer Chubb Investigating a ‘Computer Security Incident’

Insurer Chubb Ltd on Thursday said it is investigating a computer security incident that may involve unauthorized access to data held by an outside service provider. Chubb has no evidence that the incident affected its network, a spokesman said. “Our …

Claims People: Chubb, Topa, Greenberg Traurig

Chubb Appoints Head of Claims, Complex Claims Chubb has expanded its North America claims leadership team with two new appointments: Bill Hazelton was named head of Chubb North America Claims, and Megan Watt has been appointed to a newly created …

Chubb Expands North American Claims Leadership with Hazelton, Watt

Chubb has expanded its North America claims leadership team with two appointments: Bill Hazelton has been named head of Chubb North America Claims, and Megan Watt has been appointed to a newly created leadership role, head of North America Complex …

Business News: CWCI, Cowbell Cyber and Chubb

Fee Schedule Change Shifted Spending to Primary Care California’s conversion of its fee schedule to the system used by Medicare increased the share of dollars spent on primary care while reducing the share spent on specialists, meeting a key goal …