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Company Directory - Chubb

Company Details - Chubb

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Chubb

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Chubb is one of the largest domestic property and casualty insurers, operating in 54 countries and offering commercial and personal insurance, reinsurance, and life insurance.

CCI Score

CCI Score: Chubb

9.73

Latest Event

Chubb Releases 2024 Modern Slavery Statement

Chubb published its Modern Slavery Statement outlining comprehensive measures to combat forced labour and human trafficking for the financial year ended 31 December 2024. The statement details proactive policies including stringent supplier due diligence, robust contractual clauses with third-party vendors, employment verification procedures, and regular staff training on anti-slavery practices as part of its participation in the UN Global Compact.

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OBJECTOR

Chubb is currently rated as an Objector.

0 to +9 CCI Score
These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

  • Chubb Releases 2024 Modern Slavery Statement Logo
    DEC
    31
    2024

    Chubb published its Modern Slavery Statement outlining comprehensive measures to combat forced labour and human trafficking for the financial year ended 31 December 2024. The statement details proactive policies including stringent supplier due diligence, robust contractual clauses with third-party vendors, employment verification procedures, and regular staff training on anti-slavery practices as part of its participation in the UN Global Compact.

  • +80

    Labor Relations and Human Rights Practices

    April 1

    The company demonstrates strong commitment to human rights and ethical labor practices by implementing detailed measures to combat modern slavery. The policies include employment verification, staff training, and clear expectations for suppliers, which collectively support labor rights and human dignity.

    Modern Slavery Statement | Chubb

  • +80

    Supply Chain Ethics

    April 1

    Chubb’s statement includes proactive supply chain ethics measures, requiring agencies and suppliers to comply with modern slavery laws. The integration of rigorous procurement questionnaires, the inclusion of robust contract terms, and periodic regulatory screenings demonstrate a commitment to ensuring that their supply chain adheres to ethical and human rights standards.

    Modern Slavery Statement | Chubb

  • Chubb Lobbying Disclosure Q4 2024 Logo
    DEC
    31
    2024

    Chubb INA Holdings Inc. was revealed to have spent $760,000 on lobbying during Q4 of 2024, targeting a broad range of regulatory and policy issues including insurance regulation, cyber insurance, digital trade, and more. This spending is being scrutinized as part of efforts to shape policy in favor of corporate interests.

  • -40

    Political Contributions and Lobbying Efforts

    April 1

    The disclosure of a $760,000 lobbying expenditure in Q4 2024 suggests a strategic effort by Chubb to influence a wide spectrum of policy areas including insurance regulation and digital trade. From a left-leaning, anti-fascist perspective, such corporate lobbying is seen as a tool to protect industry interests at the expense of democratic accountability and worker rights, thus earning a negative score.

    Lobbying Update: $760,000 of CHUBB INA HOLDINGS INC. lobbying was just disclosed

  • Chubb Public Policy Engagement Disclosure Logo
    OCT
    01
    2023

    Chubb's public disclosure details its strategy of engaging with state and federal officials through PAC sponsorship and corporate contributions to protect its regulatory and business interests. The company positions its political activities as constructive and responsible, aiming to educate public officials on issues affecting its operations, employees, policyholders, and shareholders.

  • -20

    Political Contributions and Lobbying Efforts

    April 1

    Chubb’s disclosure outlines active involvement in political lobbying, including PAC sponsorship and corporate contributions to state candidates and ballot initiatives. While presented as constructive engagement, such practices reinforce corporate influence in the political process, which from an anti-fascist perspective can undermine democratic accountability and worker rights.

    Public Policy Engagement and Disclosure

  • Chubb Limits Oil and Gas Insurance Underwriting Logo
    MAR
    22
    2023

    Chubb announced a new policy that restricts insurance underwriting for oil and gas extraction projects in conservation areas or those lacking effective methane emissions management. While the move is hailed as a first step towards aligning insurance practices with climate science and human rights imperatives, critics note significant loopholes—such as exemptions for pipelines and LNG projects—that could still enable fossil fuel expansion.

  • +40

    Business Practices and Ethical Responsibility

    April 1

    Chubb’s new underwriting guidelines represent an effort to shift its business practices towards environmental and human rights considerations by limiting support for risky oil and gas extraction projects. However, the policy’s exemptions—allowing continued insurance of certain fossil fuel infrastructures such as pipelines and LNG export facilities—limit its overall transformative potential.

    Chubb Becomes First U.S. Insurer to Limit Insuring Oil and Gas Extraction Projects but Falls Short from Aligning with Climate Science

  • +30

    Public and Political Behavior

    April 1

    The policy serves as a public declaration of Chubb’s responsiveness to pressure from environmental and indigenous communities. By taking a stand that aligns with scientific consensus on climate risk management, the company demonstrates a degree of political and social accountability, even though critics argue that the measures do not go far enough.

    Chubb Becomes First U.S. Insurer to Limit Insuring Oil and Gas Extraction Projects but Falls Short from Aligning with Climate Science

  • Chubb 2022 Political Activity Disclosure Logo
    DEC
    31
    2022

    Chubb’s 2022 report on U.S. Public Policy and Political Activity reveals extensive corporate political spending through its PAC, including contributions made to both Democratic and Republican candidates at the federal and state levels. While the detailed disclosure provides transparency, the pattern of contributions—including those to political groups and candidates with potentially authoritarian leanings—raises concerns about the influence of corporate money on democratic processes and the protection of worker and marginalized community rights.

  • -20

    Political Contributions and Lobbying Efforts

    April 1

    The report details significant political contributions from Chubb through its Group PAC, documenting donations to both sides of the political spectrum. From an anti-fascist perspective, corporate involvement in political funding—even when disclosed—can bolster authoritarian alternatives by influencing policy in favor of corporate interests over worker and community rights. The support to certain Republican groups, in particular, raises red flags regarding potential complicity in undermining democratic accountability.

    PDF Chubb 2022 Report on U.S. Public Policy and Political Activity

  • Chubb PAC Contributions Raised in 2021-2022 Cycle Logo
    JAN
    01
    2022

    Chubb Group of Insurance Companies raised $280,702 during the 2021-2022 election cycle, as reported by OpenSecrets. This disclosure highlights the company’s participation in political contribution activities that can amplify corporate influence over politics.

  • -20

    Political Contributions and Lobbying Efforts

    April 1

    The report indicates that Chubb raised $280,702 in political contributions during the 2021-2022 cycle. From an anti-fascist perspective, such corporate contributions can be seen as a means to gain undue influence over political processes, potentially reinforcing power imbalances that may support authoritarian interests. Although the data does not specify recipients or clear endorsements of far‑right entities, the practice itself raises concerns about corporate interference in democratic governance.

    PAC Profile: Chubb Group of Insurance Companies • OpenSecrets

  • Chubb Global Prohibition of Modern Slavery Statement Issued Logo
    JAN
    01
    2021

    Chubb released a global policy statement outlining its prohibition of modern slavery and associated abuses across its operations and supply chain. The document details measures such as annual compliance affirmations, mandatory training via the updated Code of Conduct, and due diligence processes for suppliers.

  • +80

    Labor Relations and Human Rights Practices

    April 1

    The statement commits Chubb to strict anti-slavery practices by enforcing labor rights and implementing clear reporting procedures; this strongly supports human rights and worker protections, positioning the company against modern slavery.

    PDF Chubb Global Prohibition of Modern Slavery Statement

  • +70

    Supply Chain Ethics

    April 1

    By extending its modern slavery prohibition to include suppliers, contractors, and vendors, Chubb emphasizes comprehensive supply chain ethics and due diligence, thereby curbing indirect risks and supporting ethical business practices.

    PDF Chubb Global Prohibition of Modern Slavery Statement

Industries

524126
Direct Property and Casualty Insurance Carriers
524128
Other Direct Insurance (except Life, Health, and Medical) Carriers
524292
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds