Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: The Chubb Corp.
Current Parent Company: Chubb Limited
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $239,011
Year: 2009
Date: February 24, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: kickbacks and bribery
Violation Description: The Chubb Corp. agreed to pay $182,815 to William Gallagher Associates Insurance Brokers, Inc. customers, and $56,196 to the Commonwealth, in settlement of allegations Chubb's compensation packages offered improper incentives to the insurance broker.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
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.