Is Chubb a good insurance company?

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Asked October 25, 2011

1 Answer

Chubb insurance was originally founded in 1882 as an insurer of marine equipment. Today, the company insures auto, home and property nationwide and the United States territories of Puerto Rico and the Virgin Islands. Chubb insurance is also a major provider of business insurance, including property and liability coverage.

Financial Rating
A.M. Best rates Chubb insurance as A++, the highest rating offered by the company. Moody's and Standard & Poor both rate the company as "superior." The parent company alone is thought to hold more than $48 billion in assets, and reported more than $148 billion in recent years. Chubb insurance is a strong company, and a stable investment for both insurance policies and long term investments.

Customer Satisfaction
With a 25% online customer satisfaction rate, Chubb Insurance is a leader in the field. Most insurance companies receive much lower ranks, due both to negative reviews by competitors and the fact that unhappy customers are more likely to post reviews than happy ones. The biggest complaints about Chubb insurance are in regards to slow settlements, not claim denials.

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Company Availability
Chubb Insurance is available in all 50 states plus Washington DC. The company is represented almost exclusively by independent agents and brokers, and their products are offered in many malls and other retail locations, Chubb insurance lines are also available through online sales. No matter where you are in the country or its recognized territories, Chubb Insurance is going to be there with you.

The Bottom Line
Chubb insurance is financially ranked among the best insurance companies in the country, and are represented by a higher than average level of customer service. Chubb specializes in property insurance, both for residential and commercial applications. For those interested in investing the company, Chubb is available on the New York Stock Exchange under the ticker symbol "CB."

Answered October 25, 2011 by Anonymous

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