Lawsuit Alleges Chubb Promised Certain Discounts That It Subsequently Did Not Provide
Giskan Solotaroff & Anderson LLP filed a class action against Chubb Group Holdings, Inc., along with its subsidiaries Chubb INA Holdings, Inc., and Federal Insurance Company (collectively, “Chubb”), alleging deceptive practices related to the offers for their homeowners’ insurance policies.
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According to the suit, the offers sent by Chubb state that, because the potential customer has taken certain actions, such as installing a residential sprinkler system and bundling auto insurance, the original price of the policy has been reduced through the application of a series of percentage discounts. In reality, Chubb does not reduce the original price of the premium by the percentages promised. As a result, Chubb has been charging customers thousands of dollars more for homeowners’ insurance coverage than they promised to those customers.
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