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Chubb Won't Be Alone With Flood Program: Expert

Chubb Group of Insurance Companies' offering of a private alternative to the National Flood Insurance Program providing coverage with broader terms and higher limits will likely draw competition, an u

By Matt Brady | Updated on April 04, 2006

Chubb Group of Insurance Companies’ offering of a private alternative to the National Flood Insurance Program providing coverage with broader terms and higher limits will likely draw competition, an underwriting expert said.

Gail McGiffin, the global lead on underwriting at Accenture, said Chubb’s ability to offer this coverage is likely the end result of the company’s investment in better “location intelligence” and underwriting technology.

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