John Keogh, Chubb. Courtesy photo
“This isn’t just an insurance problem. General counsel need to understand that ultimately this is all going to come back as costs to their companies,” Chubb’s executive vice chairman and chief operating officer told Corporate Counsel.
June 13, 2019 at 05:00 PM
1 minute read
The original version of this story was published on Corporate Counsel
If anyone understands the financial impact of often frivolous securities class action litigation on a company and its officers, it is Chubb, the world’s largest publicly traded property and casualty insurance company.
Zurich-based Chubb, which includes insurance coverage for corporate directors and officers, has pulled together an array of data and analyses from expert sources in a white paper showing the alarming rate of suit filings with ever-climbing costs.
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