Chubb, Finra Award, SEC Filing-Speed Edge: Compliance
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Chubb Corp. distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into business in nations blacklisted by the U.S. because of terrorism ties.
The third-party adjusters who examine marine claims are now being called “surveyors” rather than “representatives,” according a Sept. 18 letter from the insurer to the SEC released yesterday. Chubb said that while it doesn’t sell coverage in Sudan or Syria, it has people available there in case they are needed by clients with multinational operations.