Chubb brazenly avoids Spitzer while its "Brokerage Zone" continues to take orders waitress-style from Marsh offices around the country. Chubb set up the Brokerage Zone to service only Marsh and specifically to maximize Marsh's PSA. Chubb underwriters in the more appropriately titled Marsh Zone are instructed to waive good underwriting in favor of meeting the production goals set by mutual agreement between Marsh's top brass and Chubb's. Marsh dictates the price and terms/ conditions as well as tells the underwriters when to quote high because they need to feed a particular piece of business to another of their PSA-drivn relationships.
How do I know? I saw it everyday. I would get a Marsh account transferred on a BOR to my branch and the file notes would clearly show what was transpiring (jr underwriters populating the Brokerage Zone don't know what to include in a file and what not to include). My agent picking up the BOR would be frustrated as he** that the same deal could not possibly be given to him/her.
Spitzer only has to scratch the surface before CB cleans out the CUW ...
I bought 3000 and should have bought more. I am going to bring my holdings up to 5000 this week. That will be it for me I will sit back and watch before I buy anymore.
Where are you getting your info? I happen to know for a fact Mr. Buffet will NEVER let anyone know what company he is interested in. If Mr. Buffet were to buy Chubb and I have no idea why he would it would happen and then you would find out like everyone else. Let me know were you are hearing the rumors because that is what they are rumors. I have a feeling you will right back and say I can't tell because it is from someone high up at Chubb yea right.
Thanks for the info but I moved my policy to Amica Mutual Insurance. They have a better rating then Chubb you can read about them in Consumer Reports September 2004. I am very happy and great customer service. I don't know much about Chubb but I am hearing they may be bought maybe Hartford who knows. Take care
I don't own any CB Stock all I did was write about CB servive and how I see it going down. Lets start out about name calling what name calling? Second on my Chubb Homowners policy I have an 800 number that I can call with any questions or to make changes you do to I hope.My agent for my company does what I tell him and I listen to him for his advice. My stock broker has nothing to do with my Home owners or my companys insurance I have know idea why you mention her. I am happy that you have had no problems with Chubb but I am not happy with them anymore and I have the right to move to a new company if I want. Take care
Let me go slow with you. First I am not your pal. I have been with chubb for about 5 years and my Home owners was $16,000 a year. I have done my reseach and you may want to read Sept's Consumer Report. I don't have my Home Owers with AIG maybe you should understand what you are reading before you write. One more thing something I don't like but Chubb is kissing my ass to go back with them. CB would love to have my $16,000 a year or they would not be sending letters and calling me to sit down with them. My company is going to go with AIG and Chubb is not happy with that. As for trying to do me a favor trust me I don't need your help. Take care
No need to call names. To use your words "AIG don't pay claims". I would like you to give me the names of some Company's that are with AIG and had a claim and it did not get paid. I would also like to no what the claim was for. I don't want to hear I just heard they don't pay. Thank you
Thank you for your input on AIG.I was talking to my financial planner and he suggest that I move to a Company called Amica Mutual Insurance. To compare then with Chubb for Home owners they have a better score on problems with claims then Chubb by the National Association of Insurance Commissioners. They also have a faster respone time for a claim was better then Chubb according to a study by the Independent Insurance Agents and Brokers Association of America. They handle homes that have a value of $500,000 and over cars that have a value of $50,000 and over and they are 30% less on the premium. Chubb had a price hike in 2003 Amica did not. I am being told that the September issue of Consumer report is doing a story on them I will have to buy it and read it. I will move my Companys insurance to AIG this month we are up for renewal this month and my Broker is telling me that the PA office just lost a great underwriter and he said to deal with the other people in that office he does not want to do that. I have said as long as the coverage is the same or better and the price is better and I am being told it will be and they have competent people working for them go for it.
I am not one to write on the Message Boards but I have been with Chubb for about (5) years. I must say that I have seen the service going down. I made a call to Chubb to have may policy changed I wanted to add to may Fine Arts because I just acquired a painting. I got the coverage update and it was all messed up. I called again and was then told that I should not be in the Masterpiece coverage that I should be under a different plan. I then find out that people are leaving Chubb the good workers maybe that is the reason I had problems. I don't care about the Stock for I do not own it but it seems to me that this CEO who is new is cutting expenses and that is find you will have some good Q's but with all the cuts and good people leaving in time you will see the affects of that. I paid Chubb a lot of money for my Coverage but I will be moving to AIG. I use to think Chubb was a great Company and they were but I no longer think that way.
I am looking to buy LU they have been having some great Q earnings. I just don't know when to jump in the stock has been going down and I would like to get the best price. Anyone have any advice? Thanks
I feel safer with Bush in office.I don't care for bush but I will say one thing about him he is a man of his word. I voted for Gore in 2000 and I thank God he did not get in I don't think he would be able to do the job with how the world is today. I have always been a dem and I would love to vote for Kerry but I can not think of a reason to. Kerry voted for nafda now he is against it. Kerry voted for the war now he is against it.Kerry bought an SUV registered in his name now he says it belongs to his family. I just don't get this guy.I would like to know and maybe you can help me what has John Kerry voted on and not change his mind? I will not vote for Nader I don't think he has a chance of winning. I would like to see Bush in office before Kerry sorry. Just my two cents.
I think is was dumb for DAB to go after the (9) locations. I think this could back fire on them. DAB looks as if it is coming out of a hard time and the numbers are not all that great but they did get better and I think Jillians can pull them down. IMHO