Chubb pays $17M, ends contingents to settle probes


Chubb pays $17M, ends contingents to settle probes

WARREN, N.J.—Chubb Corp. has agreed to pay $15 million in policyholder restitution and to alter its practices—including replacing contingent commissions on all U.S. lines of business with a “supplemental compensation program” —to resolve investigations by attorneys general in New...

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