Published:
Chubb Responds to The Burma Campaign UK's Inaccurate News Release
WARREN, N.J., Aug. 19 /PRNewswire-FirstCall/ -- In response to a news
release, "XL, Chubb Pull Out Of Burma," issued today by The Burma Campaign UK,
The Chubb Corporation issued the following statement:
The news release issued today by The Burma Campaign UK contains numerous
inaccuracies with respect to The Chubb Corporation and its response to The
Burma Campaign UK's inquiry. For at least 11 years, Chubb has had in effect a
policy that bars its member companies from maintaining an office inBurma,
directly writing insurance inBurma, providing insurance intoBurma from
outside the country or entering into any transaction with the government of
Burma.
The action by The Burma Campaign UK to place Chubb on its list of
noncompliant companies was based on an out-of-date, erroneous list of
independent service providers on Chubb's website, which has since been
corrected. Chubb so informed The Burma Campaign UK on August 8, and Chubb
subsequently received a letter from The Burma Campaign UK that it has
corrected the report on its website to remove Chubb from its noncompliant
list.
Chubb is therefore at a loss to understand why The Burma Campaign UK would
on August 19 issue a news release which clearly implies -- incorrectly -- that
Chubb has an office inBurma and that Chubb only now is revising itsBurma
policy and "pulling out ofBurma" in response to Chubb being included on The
Burma Campaign UK's noncompliant list. We have asked The Burma Campaign UK to
correct its misleading news release.
SOURCE Chubb
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Copyright © 2009, NewsBlaze,
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