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Texas Plaintiffs Allege Chubb Concealed Asbestos Risks

Efforts by plaintiffs and their attorneys to hold insurers directly liable for injuries caused by insured companies that manufactured or used asbestos have recently targeted a Chubb Corp.-affiliated insurer in Texas.

Chubb, based in Warren, N.J., indicated in a 10-K form filed on March 11th with the Securities and Exchange Commission, that Chubb Indemnity is facing complaints in two Texas district courts. The complaints, which were served in December 2002, allege that the insurer conspired to conceal risks associated with asbestos exposure. The district courts are located in Nueces and Bexar counties.

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