Chubb Insurance

New Jersey
Insurance

Risk Level:

Rating - Caution
Medium Risk

Summary:

Chubb insurance has not fired employees or terminated business relationships due to religious or political beliefs. Chubb does pledge to vet suppliers according to its LGBTQ policies and advocates for the Equality Act. Chubb also demanded that existing clients reduce methane emissions or risk losing insurance coverage while also stating that the company would not cut off the entire oil and gas industry entirely. However, Chubb has not used any company funds to advance ideological agendas. For these reasons, Chubb receives a Medium 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 has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). Chubb has demanded that existing clients reduce methane emissions in order to remain insured by the company (2). However, Chubb has stated that it will not cut off sales to the entire industry of oil and gas producers.

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 faith-based charities in its 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 explicitly protect against viewpoint (political affiliation) discrimination in its EEO hiring statement, but it does pledge to only hire, fire, and promote based on qualifications and performance (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).

Criteria

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

Risk Level
Rationale

Chubb Insurance has pledged over $1 million to the Black Lives Matter movement and related causes (1)(2).

Criteria

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

Risk Level
Rationale

Chubb does not donate to ideological groups (1)(2).

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

Company reports are intended for educational use only. Full Disclaimer

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