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Violation Tracker Individual Record

Company: Chubb
Current Parent Company: Chubb Limited
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $17,000,000
Year: 2006
Date: December 21, 2006
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Property casualty insurer Chubb reached a $17 million settlement (including $15 million in customer restitution) resolving allegations of customer steering, improper finite reinsurance transactions and possible participation in a bid-rigging scheme led by brokerage subsidiaries of Marsh & McLennan Companies, Inc.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.