In 2007, Progressive became the first insurance company to offer consumers a supplemental auto insurance plan that would provide some coverage in the case of an injury occurring as a result of an auto collision. They provided their customers with liability claims as high as $1,000 for bodily injuries experienced by pets that were involved in a car crash while travelling with their owners. That said, as of February 2011, the bar was raised when Chubb Group of Insurance Companies started to offer up to $2000 in coverage for animals…
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Business claims on the rise due to discrimination
A recent survey by the Chubb Group of Insurance Companies, show that lawsuits against businesses for discrimination have risen dramatically; and are still rising. The Equal Employment Opportunity Commission (EEOC) reported a record breaking number of discrimination charges in 2010. The Chubb Group’s report revealed that one third of employees they surveyed felt their company is less likely to protect them from various forms of discrimination. More than 30 percent also stated that they felt companies were less likely to protect consumers from id theft or data leaks. According to…
Read MoreChubb Insurance Group expands coverages for auto policies
The Chubb Group Insurance will be adding to, and expanding, aspects of their automotive policies. Customers in four states can now take advantage of pet coverage that was added to their auto policies. The additional coverage will help to pay for medical treatment the pet may require if it is in the vehicle when the owner is involved in an accident. The Chubb Group is also raising the limit on loss-of-use coverage, and broadening the lease (GAP) coverage. Additionally, they are adding replacement cost coverage on new vehicles; if an…
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