| Visit Chubb.com | Edition 6 | April 2005 |
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Commercial Lines
Specialty Lines
Personal Lines
MarketBuilder Archive
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Commercial
Lines 
Insurance
Harbor for Sailors US SAILING, the national governing body of the sport of sailing, has endorsed Chubb as the "Official Insurance Carrier" for property and casualty insurance.
Boat dealers, marinas and other US SAILING members can also be insured under Chubb's Recreational Marine Program. This program provides Chubb property and casualty insurance, including specialty marine insurance such as boat dealer inventory, boat show demonstration, marina operator's legal liability and owned/rented watercraft. Since Chubb opened its doors as a marine underwriting business in 1882, we have continued to provide insurance protection for those who are out on the water around the world. Chubb is proud to receive this endorsement of its capabilities from such a prestigious, nationally recognized organization. For more information, contact Gowrie, Barden & Brett (GB&B) in Westbrook, Connecticut, at (860) 399-5945 or (800) 262-8911, or at www.gowrie.com.
Hands-on
Learning Opportunities Automatic Fire Detection and Alarm Systems. Water-based Sprinkler Systems. Pre Incident Planning. These are among a dozen loss control seminars Chubb will be offering this spring. These highly regarded programs help facility maintenance staff, contractors who install or maintain protection systems, architects, fire department personnel, authorities having jurisdiction (AHJs) and insurance broker loss control staff increase their understanding of the essential elements of property protection, and provide practical techniques they can use to address substandard or deficient conditions. All programs include hands-on activities with equipment, and participants receive applicable NFPA standards and other reference materials. Seminars range from one to two days and are held at Chubb's state-of-the-art Loss Control Training Center in Warren, N.J. For more information on programs and registration, visit our Loss Control Training Programs site.
On
the Road to Philadelphia
If you'll be attending RIMS 2005, don't miss out on unique and topical sessions including Fiduciary Liability After Enron, a Fiduciary Liability Wake-up, Privacy & Cyber Risk, Risk Management in the Halls of Congress and Sarbanes-Oxley: Evolution of D&O Insurance. Be sure to spend time talking with Chubb senior managers at Chubb's booth #807 or during our Dessert Reception at the Pennsylvania Academy of Fine Arts on Tuesday, April 19, beginning at 9 p.m. You can learn more about
RIMS 2005 by visiting www.rims.org.
Enhanced EPL Loss Prevention Program: A Useful EPLI Supplement
New to the program is ChubbWorks.com,
an online resource for employers seeking assistance with employment issues.
ChubbWorks.com offers you and your clients convenient
online access to a wide range of free, state-of-the-art EPL loss prevention
tools, including:
In addition, the program
retains its most popular features:
Furthermore, all of the program's components are now available to all Chubb EPLI customers. Although it is nearly impossible to completely eliminate the threat of an EPL lawsuit, an organization can reduce the likelihood of such a lawsuit, as well as prepare for a suit, by positioning itself to put forth a strong defense if one does hit. That's the foundation of our Employment Practices Liability Loss Prevention Program, the perfect complement to Chubb's EPLI products. With the program, your client gains access to a complete package of loss prevention tools, information and EPL experts.
What cyber liability exposures do banks face today? Are community banks less — or more — vulnerable? The article "How Boards Can Mitigate Identity Theft Risk" in the January 26 issue of Bank Director offers a useful discussion of this topic. In the article, Tracey Vispoli,
Chubb wordwide cyber liability product manager, and Jeff Brown, Chubb ForeFront
PortfolioSM for Community Banks product manager, talk about:
For reprints of the article, please contact your local Chubb Financial Institutions underwriter. For additional information about Chubb's array of insurance products for banks, click here. Personal Lines
Announcing Worldwide Insurance Products and Services for the Frequent, Affluent Traveler
Introducing Signature
PassportSM Following an initial product launch in Texas, California and Illinois last December, Chubb now also offers Signature Passport in Arizona, Colorado, Delaware, the District of Columbia, Maine, Michigan, Minnesota, Ohio, Oklahoma, Rhode Island, Tennessee and West Virginia. The policy addresses growing concerns about medical emergencies and other specific needs among affluent travelers. Signature Passport costs $365 a year. Medical Emergency
Is Greatest Concern Serious Injury/Illness/Hospitalization Exotic Locations,
Adventurous Vacations Far From Home but
Never far From Good Medical Care How it Works Links: |
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For more information, contact your local Chubb office, visit , or e-mail info@chubb.com. Copyright © 2005 The Chubb Corporation. All rights reserved. |
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US
SAILING members include private yacht and sailing clubs, boat dealers
and marinas. Private yacht and sailing clubs that are US SAILING members
are eligible for the Burgee Program.™ This program offers property,
marine liability, hull, protection & indemnity (P&I), regatta
liability and umbrella insurance. In addition, Chubb offers Burgee Program
participants automobile, workers compensation, and directors and officers
liability insurance. Subject to underwriting, private yacht clubs are
eligible for a 10% premium credit on marine liability, hull and P&I
insurance through the program.
From general liability to workers compensation to
D&O, Chubb recognizes the special insurance needs of risk management
accounts. The annual Risk and Insurance Management Society (RIMS) Conference
and Exhibition is the single largest gathering of risk management professionals.
During the week of April 17, risk managers, underwriters, agents and brokers
will meet in Philadelphia for a variety of educational and networking
opportunities. 
Chubb
has further enhanced its state-of-the-art 
Americans
are traveling more, especially to exotic locations, and they’re
engaging in more adventurous activities. This puts them at greater risk
of accidental injury and illness. Travelers need to consider how they
would handle a medical emergency such as a heart attack in a foreign country,
where language barriers and limited access to advanced medical facilities
may create a perilous situation.
Everyone
needs to be concerned when traveling abroad, especially affluent individuals
who tend to travel more frequently and to more exotic locations. According
to the 2004 American Express Platinum Luxury Survey, 68% of the affluent
have taken at least one personal trip in the last 12 months, and two-thirds
of that group takes an average of six personal trips a year. The 2004
Virtuoso LuxeReport survey notes that 42% of affluent travelers seek active
or adventure-type vacations. Seventeen percent of affluent travelers consider
the hottest adventure travel activity to be an African safari. Considering
these trends, affluent travelers need to seriously consider the health
and safety risks they face while abroad. 
•
Excess medical expense. This feature provides up to $50,000,
with no deductible, for medical costs incurred as a result of an accident
or illness if the insured is traveling outside the U.S. at the time of
medical treatment. Many health insurance companies often take weeks or
months to reimburse medical providers for covered services. MEDEX, on
the other hand, will pay the medical provider “on the spot”
— which is critical in countries such as Mexico, where payment in
full for all medical services is required before the patient can be discharged.
Unlike other travel accident policies, Signature Passport also
applies to medical costs incurred for complications during early pregnancy
and emergency room costs even if the person is not admitted at the time
for treatment.