The Chubb Corp. in Warren, N.J., disclosed it has been hit by claims from companies' targeted legal action over alleged improper granting of stock options.
The insurer said in a regulatory filing that it has already received claims related to the practice of companies back-dating stock options to ensure they are profitable for the grantees, an activity that has resulted in state and federal investigations.
"We cannot predict at this time the impact that such claims may have on results of our operations," the company said in a Form 10-Q filed with the Securities and Exchange Commission.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
