Chubb Policyholder Sues Over Legal Bills
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Chubb Corp., the second-largest seller of liability insurance for U.S. executives and directors, was accused in a lawsuit of refusing to pay the legal bills of a healthcare benefits provider that was sued by chiropractors.
In a suit filed in federal court in San Diego, American Specialty Health Inc., which held an errors-and-omissions policy sold by a Chubb unit, contends that Chubb failed to defend it in a suit filed by the California Chiropractic Assn.
Shares of Chubb fell 57 cents to $78.98 on the NYSE.
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