Collector car owners may find it challenging to safely store their vehicles. They can’t stow them away in a safe like jewelry or rare coins. But their collections are every bit as valuable, and often more so. Now, a new loss prevention service from the Chubb Group of Insurance Companies is helping collector car customers better safeguard their investments. To help identify potential hazards at collector car storage facilities, Chubb’s loss prevention specialists are using infrared thermography to scan walls for thermal anomalies that could indicate overheated electrical wiring, leaking…
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Chubb Offers Medical Benefits to Transgendered Employees
The Chubb Group of Insurance Companies has extended its medical benefits to transgendered employees and dependents. “This is a natural evolution for Chubb, where our inclusive environment demonstrates our commitment to fair and equal treatment for all employees,” said Trevor Gandy, senior vice president and chief diversity officer for Chubb. Chubb’s announcement reinforces a growing trend among employers and insurers who are recognizing sex reassignment as a medically indicated, rather than optional, procedure. Thirty-nine percent of Fortune 500 companies offered transgender-inclusive health benefits this year, up from 1% in 2004,…
Read MoreChubb launches interactive Risk Conversation social resource
The Chubb Group of Insurance Companies has announced the launch of its Risk Conversation resource, which provides consumers with an interactive community that addresses struggles to risk management for individuals and businesses. The Risk Conversation resource is available at riskconversation.com, and provides information for prevention, risk assessment tools, and blogs that can help its users to pinpoint, understand, and manage a number of different risks to which they can be exposed in their professional and personal lives. Chubb’s public relations manager, Mark Schussel, said that risk is something that affects everyone…
Read MoreEast Coast snow storm causes havoc in New York – insured losses estimated in the billions
The East Coast has been assaulted by a violent and unprecedented snow storm. The storm moved in last week ahead of Halloween and the effects were most acutely felt in New York City. The insurance industry is still reeling from devastating natural disasters that occurred earlier in the year, many of which cost billions of dollars in insured losses. According to government officials, the storm has become the 11th economic disaster hitting the nation this year. Thus far, the storm has claimed eight lives and left 2.2 million people without…
Read MoreChubb Corp. reports losses verging on $500 million from natural disasters in the third quarter
The Chubb Corporation, a massive property insurance organization, has had a difficult time recovering from recent storms in the U.S. The occurrence of natural disasters in the U.S. has been unusually high this year, and the damage caused by these storms has been unprecedented. The storms have imposed gargantuan financial losses on the insurance industry and many companies are still sifting through claims from earlier in the year that are adding to total losses. Chubb officials have warned investors that the company’s third quarter losses may end up being higher…
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