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Headquarters:
15 Mountain View Rd.
Warren, NJ 07061
Employees: 10,800
CEO: John Finnegan
Stock Symbol: CB
Website:
http://www.chubb.com
Career Site
Chubb provides insurance to businesses
and individuals around the world. The Chubb Corporation is a
holding company for a family of property and casualty insurance
companies known informally as the Chubb Group of Insurance Companies.
Chubb & Son, a division of Federal Insurance Company, manages
these companies.
Chubb serves customers from 120 offices
in 29 countries around the globe. Chubb works with 8,000
independent agents and brokers worldwide.
Chubb products include home and auto insurance
for individuals. It also provides business insurance for property
and casualty as well as specialized insurance for public and
private companies and non-profit organizations.
For 2005, The Chubb Corporation reported
revenues of $14.0 billion. Net income for the year was $1.8 billion.
History
In the spring of 1882, Thomas Caldecot
Chubb and his son Percy opened their marine underwriting business
in the seaport district of New York City. Having collected $1,000
from each of 100 prominent merchants to start their venture,
they focused on insuring ships and cargoes. The Chubbs were adept
at turning risk into success, often by helping their policyholders
prevent disasters before they occurred. By the turn of the century,
Chubb had established strong relationships with the insurance
agents and brokers who placed their clients' business with Chubb
underwriters, and the original subscribers enjoyed a substantial
return on their investment in the young company.
The Chubb Corporation was formed in 1967
and was listed on the New York Stock Exchange in 1984. It ranks
among the top 10 publicly traded insurance organizations based
on revenues in the United States.
Benefits
Medical
Horizon Blue Cross/Blue Shield of New Jersey provides Chubb's
national preferred provider organization (PPO) network and is
offered in all Chubb U.S. locations. Other plans, including
point-of-service (POS) and health maintenance organizations (HMOs),
are also available in many Chubb locations. Your eligible
dependents (your spouse or qualifying domestic partner and children)
may also be enrolled for medical coverage when you are enrolled.
Dental
The dental plan encourages preventive care and covers most dental
services. Two point-of-service options are offered in all
Chubb locations with the option of a dental maintenance organization
(DHMO). When you use network providers you can reduce your
out-of-pocket costs. When enrolled in a point-of-service
coverage option, you can obtain your dental care from any dentist
you wish and still have coverage. Your eligible dependents
(your spouse or qualifying domestic partner and children) can
be enrolled for dental coverage when you are enrolled.
Vision Care
The vision care plan helps you manage the cost of periodic routine
eye examinations and quality corrective eyewear (eyeglasses or
contact lenses). Your eligible dependents (your spouse
or qualifying domestic partner and children) may also be enrolled
for vision care coverage when you are enrolled.
Disability Coverage
After three months of service, Chubb's sick pay benefits, short-term
disability and long-term disability plans may continue your salary
- in full or in part - if you are unable to work because of illness
or injury.
Employee Life Insurance
You may choose from seven coverage amounts: $50,000 or from one-half
your annual salary to five times your annual salary. Chubb
pays the full cost for term life insurance equal to your full
annual salary. Non-smokers receive a discounted rate.
Dependent Life Insurance
You may purchase term life insurance for your spouse or qualifying
domestic partner and/or children.
Personal Accident Insurance
You may choose among several options from ($50,000 to $500,000)
that will cover you and your eligible dependents in the event
of accidental death or certain serious injuries.
Spending Accounts
Chubb offers two types of spending accounts - a Health Care Spending
Account and a Dependent Care Spending Account - to provide a
way for you to lower your taxable income by setting aside
money pre-tax for expenses you know you will have to pay during
the year. By making pre-tax contributions to one or both
spending accounts and submitting eligible expenses for reimbursement,
you can save money on health care expenses not covered by insurance
and/or child/elder care cost.
Financial Planning
The financial planning option provides resources to help you
meet your financial goals. A well-designed financial planning
website and phone access to professional financial counselors
with expertise in Chubb's benefits will help you establish your
personalized plan.
Business Travel Accident Insurance
In addition to the ChubbChoice benefits, Chubb automatically
provides you with insurance that will pay up to five times your
annual salary (with a $1,000,000 maximum) should you be injured
or die while traveling on company business.
Chubb Capital Accumulation Plan (CCAP)
Each year you may save up to 25% of your eligible compensation
in CCAP - Chubb's 401K Plan. You choose whether your contributions
will be pre-tax or after-tax and you decide how your money will
be invested. There are seventeen funds to choose among
- each with different characteristics and risk levels.
You can begin saving your own money the 1st of the month following
one full calendar month of eligible service. Beginning
the first January, April, July, or October following your one-year
anniversary, Chubb will match up to 4% of your pre-tax contributions
dollar-for-dollar. That's another dollar from Chubb (received
at the end of the year) for every dollar you put in up to 4%
subject to IRS limits.
The Chubb CashBuilder Pension Plan
Chubb pays the entire cost of the CashBuilder Pension Plan
- you make no contribution to it.
Once you are a plan participant - the first January or July after
one year of service - your CashBuilder account is credited twice
each year with an amount based on your pay, age, and years of
service. Your CashBuilder account builds steadily throughout
your career. Once you are vested, you can receive your
CashBuilder account as a lump sum or as monthly payments for
life when you retire or leave Chubb for any reason.
Social Security
Chubb matches your own Social Security contributions (FICA taxes)
dollar-for-dollar.
Paid Time-Off (PTO)
Chubb's paid time-off policy provides you with flexibility to
help you meet your personal needs. Based on your service,
you receive a "bank" of PTO days to use during the
year. Chubb also observes a generous schedule of paid holidays.
Flexible Work Arrangements
Chubb employees currently work a variety of flexible schedules
including short-week, part-time, job share, telecommuting
and flextime.
Updated October 23, 2006
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