Executive Risk Indemnity Car Insurance Review [2020]

Executive Risk Indemnity car insurance is a subsidiary of Chubb Group but was acquired by ACE Limited in 2016. Compare online quotes using our free tool below.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 27, 2021

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Company Details
Address: 15 Mountain View Road
City: Warren
State: NJ
ZIP Code: 07059
Phone Number: (908) 903-2525
Year Founded: 1977
AM Best Rating: A++ (Superior)
Company Rating 0 (0 reviews)

Here's what you need to know...

  • Executive Risk Indemnity Inc. has a negative history but was taken over by Chubb Group, who was not involved in the negative practices
  • Chubb Group was acquired by Ace Limited, recently
  • Chubb is now the largest publicly traded insurer in the world

An Executive Risk Indemnity Inc. car insurance review will lead you to Chubb Group of Insurance Companies. Executive Risk Indemnity is a subsidiary of Chubb. In January 2016, Ace Limited acquired Chubb.

A Rough Past

Although Executive Risk Indemnity has had many lawsuits filed against them for insurance fraud as well as unpaid claims over the last four years, Chubb has taken over the policies and manages them along with many other subsidiaries.

Chubb Group of Insurance Companies has not been involved in the lawsuits. The information provided here is about Chubb of which Executive Risk is a part.

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Huge Growth

With the recent takeover by Ace, Chubb is now the largest publicly traded property and casualty group in the world.

Their assets hover near $150 billion with annual revenues of about $37 billion. Chubb has been in existence for over 125 years and has over 30,000 employees.

Are you eligible?

The two main divisions of Chubb are business insurance and personal insurance.

Personal insurance includes car insurance options.

Chubb is not available in all states and does not have a listing of what states are a part of the Chubb insurance licenses. The only way to find out is to enter your zip code on their website and see if an agent option comes up.

For business insurance, Chubb does not offer a car insurance option. They do cover other types of vehicles including ocean cargo ships and construction vehicles.

You can also use our third party rate quote tool that will provide rates from several car insurance companies at one time. Enter your zip for free car insurance quotes now!

References:

  1. https://www.chubb.com/corporate/chubb11887.html
  2. http://new.chubb.com/en/us/
  3. https://www.law360.com/articles/482220/cigna-can-t-tag-its-insurers-in-erisa-class-action-judge-says

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