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Chubb Offers Comprehensive Package Of Loss-Prevention Services, Policies.


The Chubb Group of Insurance Cos. is rolling out a comprehensive loss-prevention program that offers policies and practices, training vehicles, analytical tools and access to an array of employment practices experts. It is designed to help give companies the tools they need to reduce the likelihood of a lawsuit occurring, as well as to help strengthen their defense if an employment-related lawsuit is brought.

"Employment issues make up 30% of all civil litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  today," said Michael J. Maloney, vice president and worldwide employment-practices liability insurance underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 manager for Chubb. The number of discrimination cases filed in federal courts tripled between 1990 and 1998. Charges filed through the Equal Employment Opportunity Commission resulted in a record $245 million in benefits paid to claimants in 2000. "The question today is not whether you will be sued, but when," Maloney said.

The program is tailored to a diverse customer base, including publicly traded corporations, privately held companies privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
, health-care clients, mortgage brokers and banks. Program components include a dedicated Web site, an employment-practices loss-prevention manual, a proprietary newsletter, loss-prevention consultant services and a toll-free hot line providing callers with immediate answers to most employment-related questions.

The Web site is provided by the Agos Group, an online network of human-resources and employment-law experts. Site content includes summaries of federal employment laws, model employment policies and practices, human-resources self-assessments and online training for employees and supervisors.

The coverage also provides policyholders with an Employment Practices Loss Prevention Guidelines guidelines,
n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks.
 manual written by a national employment law firm, and CheckPoint (programming) checkpoint - Saving the current state of a program and its data, including intermediate results, to disk or other non-volatile storage, so that if interrupted the program could be restarted at the point at which the last checkpoint occurred. , a periodic newsletter published by Chubb, containing articles on employment issues.

Also available are Chubb's loss-prevention consultant services provided by a network of employment law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
, human-resources consultants and labor economist/statistical firms.
COPYRIGHT 2001 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Chubb Group of Insurance Cos.
Comment:Chubb Offers Comprehensive Package Of Loss-Prevention Services, Policies.(Chubb Group of Insurance Cos.)
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2001
Words:289
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