Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Chubb Corp    CB

News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Chubb : New Chubb Advisory Gives Supermarkets Food For Thought on Minimizing and Protecting Against Evolving Risks

share with twitter share with LinkedIn share with facebook
share via e-mail
01/23/2017 | 05:05pm CET

New Chubb Advisory Gives Supermarkets Food For Thought on Minimizing and Protecting Against Evolving Risks

PHILADELPHIA - January 23, 2017 - Tainted food, liquor liability, and criminal activity are among some of the most critical and urgent risks facing today's supermarkets, according to a new Chubb advisory. While common issues such as slip-and-fall incidents remain front and center, the advisory warns that as supermarkets add new services and products such as pharmacies, daycare operations, and home delivery to attract customers in a fiercely competitive business environment, they expose themselves to a wider range of risks.

'It only takes a single incident to cause irreparable damage to a brand's reputation and financial health. In such a competitive field, it's prudent for supermarket operators and management to be diligent and take extra precautions to help mitigate a wide range of exposures,' said Nicholas Davis, Vice President, Chubb Excess Casualty. 'While more common risks such as injuries due to spills or broken glass seem to get the spotlight, supermarkets should assess whether they are covered for a full range of risks, and work with an insurer who understands the complexities of this industry to craft the most comprehensive coverage.'

'Supermarkets: Addressing the Risks in an Evolving Market ' was co-authored by Mr. Davis and Stephanie McMullen, Assistant Vice President, Excess Casualty, Chubb North America. The advisory explores the most salient risks facing today's supermarkets, including:

  • Slip-and-fall Incidents - Slips, trips and falls due to spilled liquids and dropped foods remain some of the most common and costly risks for supermarkets.
  • Tainted Food - As supply-chain and contamination concerns gain more attention, the penalties for tainted food have become increasingly severe.
  • Alcohol Sales - Beer, wine, and liquor sales have expanded to represent a significant part of supermarkets' revenues in many states.
  • Assault, Battery and Robberies - Supermarkets continuously remain a potential target for crime of all types.

The full advisory can be read here, which includes additional risks supermarket operators face, as well information on the benefits of having a tailored policy to protect against applicable risks.

About Chubb

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at chubb.com.

Media Contacts:

Laurie Taylor: (908) 903-2611; ltaylor@chubb.com

Chubb Limited published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 16:05:02 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CHUBB CORP
01/23 CHUBB : New Chubb Advisory Gives Supermarkets Food For Thought on Minimizing and..
01/13 CHUBB : Expands Cyber Services to Help Policyholders Reduce Risk
01/13 CHUBB : to Hold its Fourth Quarter Earnings Conference Call on Wednesday, Februa..
2016 CHUBB LTD : Change in Directors or Principal Officers (form 8-K)
2016 CHUBB : Appoints Updyke to Lead Commercial Insurance Operations
2016 TRANSFORMING CYBER UNDERWRITING : New Chubb Methodology Combines Art, Science an..
2016 CHUBB LTD : Regulation FD Disclosure (form 8-K)
2016 CHUBB : White Paper Finds Pre-Retirees Emphasize Legacy Building Over Wealth Acc..
2016 CHUBB LTD : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fin..
2016 CHUBB : Announces Senior Leader Responsible for its Large Account Real Estate an..
More news
Sector news : Property & Casualty Insurance - NEC
01/23DJBERKSHIRE HATHAWAY : Unit Buys German Pipe Component Maker
01/23 Generali shares up 5 percent on report of Intesa, Allianz interest
01/20DJBERKSHIRE HATHAWAY : AIG, Berkshire Hathaway Strike Reinsurance Pact -- 2nd Upda..
01/20 European shares ease ahead of Trump inauguration
01/20DJBERKSHIRE HATHAWAY : AIG, Berkshire Hathaway Strike Reinsurance Pact -- Update
More sector news : Property & Casualty Insurance - NEC
News from SeekingAlpha
2016 Dividend Income Update January 2016
2016 Dividend Champions For February 2016
2016 Chubb beats by $0.12, misses on revenue
2016 Notable earnings after Tuesday?s close
2016 Hello, Chubb. Goodbye, Chubb.
Income Statement Evolution
More Financials
Sector and Competitors
1st jan.Capitalization (M$)
ALLSTATE CORP0.57%27 449
SAMPO OYJ-1.10%25 182
More Results