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Violation Tracker Individual Record

Company: Chubb Ltd.
Current Parent Company: Chubb Limited
Penalty: $1,300,000
Year: 2018
Date: May 7, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Chubb Ltd. and Chubb's subsidiary, Illinois Union Insurance Company, agreed to pay a $1.3 million fine as part of a consent order with the Department of Financial Services for underwriting the National Rifle Association-branded Carry Guard insurance program, through Lockton Affinity, in violation of New York Insurance Law. A DFS investigation found the NRA Carry Guard insurance program unlawfully provided liability insurance to gun owners for acts of intentional wrongdoing, and improperly provided legal services insurance for costs and expenses, for any act of self-defense covered under the policy for gun owners and their resident family members who may be charged with a crime involving a legally possessed firearm.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
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.