Chubb controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
Coal-insurance pledge controversy
Chubb faced criticism after reports that it insured a coal-fired power station despite an earlier policy commitment restricting insurance for energy companies relying heavily on coal.
2024
Bond for Donald Trump's appeal
Federal Insurance Company, part of Chubb, posted a bond securing Trump's appeal in the E. Jean Carroll defamation case. The transaction attracted scrutiny because Greenberg had previously served on a Trump administration trade-policy advisory committee.
2021
Four Seasons Hotel Los Angeles owners sue Chubb insurers
Lawsuit filed
Burton Way Hotels LLC sued members of the Chubb insurance group, alleging they breached a contract by not compensating the Four Seasons Hotel Los Angeles at Beverly Hills for pandemic-related business losses. The suit seeks damages and a declaration that the losses are covered.
Source excerpt
Published September 14, 2021 •
Burton Way Hotels LLC brought the lawsuit Friday in Los Angeles Superior Court, naming multiple Chubb insurance companies as defendants.
The owners of the Four Seasons Hotel Los Angeles at Beverly Hills are suing members of the Chubb insurance group for allegedly breaching a contract by not compensating the plaintiffs for millions of dollars in business losses incurred during the coronavirus pandemic.
2020
Maze operators allege ransomware attack on Chubb
Issue disclosure
In March 2020, operators of the Maze Ransomware claimed that they had encrypted Chubb. The report describing the incident characterizes the attack as alleged, and the claim was attributed to the Maze operators rather than confirmed by the company. The source does not provide further details on the scope, impact, or outcome of the claimed attack. The event is recorded as an allegation made by the ransomware group.
Source excerpt
Cyber insurer giant Chubb is allegedly the latest ransomware victim according to the operators of the Maze Ransomware who claim to have encrypted the company in March 2020.
2004
ACE involvement in insurance bid-rigging investigation
ACE was named in Eliot Spitzer's investigation into contingent commissions, allegedly manipulated bids, price-fixing concerns, and related insurance-market practices. ACE entered an approximately $80 million settlement arrangement and agreed to change business practices; the company did not concede personal wrongdoing by Evan Greenberg. New York Attorney General Eliot Spitzer’s investigation examined ACE, AIG, Marsh & McLennan, and other market participants over alleged contingent commissions, bid rigging, price fixing, and improper accounting. ACE entered an assurance of discontinuance as part of an $80 million settlement arrangement and agreed to modify relevant practices. The inquiry also led to scrutiny of certain ACE Tempest Re transactions and civil claims by policyholders.