January 29, 2025
Contact: press@justice4survivors.com, (845) 521-4945
FOR IMMEDIATE RELEASE
LATEST CHUBB ANNOUNCEMENT AN INSULT AND MOCKERY TO SURVIVORS OF CHILD SEX ABUSE STUCK IN LIMBO FROM INSURANCE GREED
NEW YORK, NY – Today, CHUBB Insurance CEO Evan Greenberg announced in a CNBC interview that 2024 was the insurer’s “Best. Year. Ever.” While CHUBB gleefully celebrates its record breaking profits – $9.27 billion in net income – it is actively refusing to pay claims for thousands of child sex abuse survivors across the country who have fought for justice for decades. CHUBB also bragged about reducing its exposure in wildfire areas by 50% – celebrating their business savvy as millions of fire victims across California wonder how they’ll piece their lives back together.
Despite a $9.27 billion net profit in 2024 alone, CHUBB finds itself unable to dole out a single penny to victims of some of the most egregious crimes imaginable – and is profiting off of the interest it earns by refusing to pay claims.
In response to CHUBB CEO Evan Greenberg’s insulting victory lap, the Coalition for Just and Compassionate Compensation (“CJCC”) – an independent alliance of survivors of child sexual abuse, their representatives, and advocates seeking full restitution for child sexual abuse survivors – issued the below statement:
“CHUBB’s playbook is clear – deny, deny, deny, while child sex abuse survivors continue to die,” said David Catalfamo, Executive Director of the CJCC. “CHUBB’s ‘best year ever’ was a year of suffering for the thousands of child sexual abuse survivors whose claims are being stalled by greedy insurers. For Evan Greenberg to go on national television and celebrate reaping $9.77 billion in profits off the backs of child sex abuse survivors, is not only outrageous, but an insult to the thousands of people waiting for just compensation that insurers like CHUBB are denying.”
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The Coalition for Just and Compassionate Compensation (“CJCC”) is an independent alliance of survivors of child sex abuse, their representatives, and advocates seeking full restitution for survivors of child sex abuse. Among members of the coalition are author and journalist Stephen Jimenez, a survivor of childhood sexual abuse and longtime advocate who helped pass the Child Victims Act (CVA), and attorneys James Marsh, Founding Partner at Marsh Law Firm and Hillary Nappi, Partner at Hach Rose Schirripa & Cheverie, who represent thousands of sexual abuse survivors in litigation against public and private entities.