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.