Insurer warns consumers to be careful during their celebrations July fourth is approaching and many people throughout the United States are preparing to celebrate the occasion. One of the staples of the Fourth of July is fireworks, and these explosive displays of color can be wondrous fun, but they also become very dangerous when mishandled. The Chubb Group of Insurance Companies is warning those planning to celebrate the Fourth of July to exercise caution, because consuming too much alcohol can lead to a misuse of fireworks and cause a disaster.…
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Chubb introduces new insurance product focused on cybercrime and fraud
Chubb aims to provide health care provider with new protections The Chubb Group of Insurance Companies, the eighth largest property/casualty insurer in the U.S., has announced the launch of a new insurance product that is aimed at helping small to mid-sized health care organizations manage cybercrime and fraud. Data breach has been a serious issue for many industries and may soon become a serious problem in health care. Per the Affordable Care Act, most health care records are to be stored electronically. The law also paves the way for a…
Read MoreBusiness Travelers Refuse Trips to Risky Locations, Chubb Survey Finds
Nearly half of people surveyed would refuse to go on a business trip to a location they consider dangerous unless their employer provided them with emergency medical and other services, according to a survey by the Chubb Group of Insurance Companies. Twenty-three percent of business travelers indicated that they would refuse to go on the business trip; 21% said they go but would refuse to go on the next trip; and 14% would go but look for a new job after returning. Many employees, however, said they would take the…
Read MoreOnline System Helps Expedite Clinical Trials in China and Brazil
WARREN, NJ, February 1, 2012– Life sciences companies can avoid costly delays in beginning clinical trials in China and Brazil by downloading local insurance certificates through WORLDcert. This online system from the Chubb Group of Insurance Companies can now also be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and conditions. “WORLDcert enables clinical trial sponsors, their agents and brokers, and contract research organizations to quickly provide ethics committees with evidence that adequate insurance is in…
Read MoreIn-house attorneys see greater coverage against malpractice allegations with Chubb
Chubb Group of Insurance Companies has announced that it will now be offering a new policy that is designed to help cover the in-house attorneys and their personal assets against allegations of legal malpractice. ChubbSM’s Employed Lawyers Professional Liability will give broad protection to employers as well as their in-house attorneys when they offer services provided by counsel in-house for such activities as providing the board of directors with legal opinions, or giving a review of shareholder communications. The protection is designed to cover defense, settlements, and judgments. It can…
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