Chubb Insurance

New Jersey
Insurance

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

Chubb Insurance terminated all business with the NRA-branded insurance program and stopped underwriting insurance for gun owners using that plan. Chubb also demanded that existing clients reduce methane emissions or risk losing insurance coverage, while also stating that the company would not terminate all relationships with the entire oil and gas industry. Chubb covers the cost of "medically necessary transition-related care” for its employees and their children. The company pledges to vet suppliers according to LGBTQ policies and funds multiple LGBTQ organizations. Chubb pledged over $1 million to BLM and related causes. Chubb is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation which promotes stakeholder capitalism. For these reasons, Chubb receives a High Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Chubb Insurance terminated all ties with the NRA’s insurance program (1)(2). Chubb Insurance has demanded that existing clients reduce methane emissions in order to remain insured by the company (3). However, Chubb has also stated that it will not cut off sales to the entire industry of oil and gas producers (4). Chubb Insurance received a score of 100 on the Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (5)(6).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Chubb does not discriminate against religious organizations in its charitable giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Chubb Insurance does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Chubb Limited has signed an open letter in support of the Equality Act (1). The company has stated it is committed to “anti-racism” and does host optional unconscious bias trainings for employees in addition to other race-based seminars (2). Chubb Insurance CEO Evan Greenberg is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (3)(4).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Chubb Insurance has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). Chubb Insurance has pledged over $1 million to the Black Lives Matter movement and related causes (3)(4). Chubb Insurance is a Brass sponsor of Out & Equal and is a corporate partner of the National LGBT Chamber of Commerce (5)(6).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Chubb Insurance has not used its PAC donations for ideological purposes and lobbies in a manner consistent with its business interests (1)(2)(3).

All links were last accessed and all information was updated on:
November 28, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/17/23EnvironmentalAs You SowReport on GHG Emissions FinancingAgainst28.90%
5/17/23SocialDomini Impact Investments LLCReport on Human Rights Risk AssessmentAgainst16.50%
5/19/22SocialAs You SowReport on Efforts to Reduce Greenhouse Gas Emissions Associated with Underwritin, Insuring, and InvestingAgainst72.18%
5/19/22SocialGreen Century Capital ManagementPolicy Restricting Underwriting of New Fossil Fuel SuppliesAgainst19.38%
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