Violation Tracker Individual Record
Company:
The Chubb Corp.
Current Parent Company:
Chubb Limited
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 Parent:
Switzerland
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
insurance
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
