THE CHUBB
GROUP
Flushing out some compromising buzzards...
Sightings from The Catbird Seat
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September 4, 2005
Cash payoffs, bonds and murder
linked to White House 911 finance
Documents point to attack on America
by White House crime families
by Tom Flocco, www.tomflocco.com
Sioux City, Iowa – According to leaked documents from an intelligence file obtained through a military source in the Office of Naval Intelligence (ONI), on or about September 12, 1991 non-performing and unauthorized gold-backed debt instruments were used to purchase ten-year "Brady" bonds.
The bonds, in turn, were illegally employed as collateral to borrow $240 billion--120 in Japanese Yen and 120 in Deutsch Marks--exchanged for U.S. currency under false pretenses; or counterfeit and unlawful conversion of collateral against which an unlimited amount of money could be created in derivatives and debt instruments.
The illegal transactions are also linked to the murder of a U.S. Army colonel charged with overseeing approximately 175 secret CIA bank accounts, according to the officer’s wife, Mrs. V. K. Durham.
During multiple interviews, Durham told TomFlocco.com that Bush 41 and Clinton administration officials visited her husband Colonel Russell Hermann several times in the months prior to and three days before his torture and murder on August 29, 1994.
Durham told us the $240 billion in stolen currency was obtained resulting from George H. W. Bush’s presidential abuse of power, when he authorized former Treasury Secretary Nicholas Brady and former Secretary of State James Baker III to make fraudulent use of the Durham Family Trust collateral without her permission. There is evidence that Colonel Hermann’s and V. K. Durham’s signatures were forged on a Goldman-Sachs bank account certification requesting the conversions to U.S. currency.
The money was never repaid since the ten-year Brady bonds--purchased before September 13, 1991 using the fraudulent collateral and gold bullion as security came due on September 12, 2001--the day after the 9.11 attacks, having allegedly been underwritten and held by the trustee, Cantor-Fitzgerald bond brokerage firm [whose offices on floors 101-105 in the North Tower of the World Trade Center (WTC) were destroyed on 9.11 along with the Brady bond evidence].
Three days before his suspicious death, Colonel Hermann told his wife that former President George H. W. Bush, Federal Reserve Chairman Alan Greenspan and U.S. Marine Colonel Oliver North (pardoned by Bush Sr. two years earlier for his Iran contra indictments when Bush Sr. was also facing indictments for his role in Iran contra) all passed V. K. Durham coming up in an adjacent elevator after all three had left Hermann’s room and gone down in another elevator at the Veterans Administration Health Care Center in Marion, Illinois. Hermann had been probing Bush 41 and Clinton links to narcotics money laundering, according to his wife.
Durham told us that Colonel Hermann told her "Bush, Greenspan and North were trying to get me to sign off on the CI Ltd., the Central Intelligence, Ltd., Iran and Latin American contra accounts. They held about $13-17 billion in physical gold."
This, raising questions about an evidence trail for a grand jury to seek restoration of funds potentially stolen by high government officials from United States taxpayers....
"Control files" blackmail congressional and DOJ officials
Stewart Webb alleges that an important key to the "control" of the U.S. House and Senate has been the use of blackmail via "Operation Brownstone," led by individuals he calls CIA shadow government players like Ted Gunderson, Harold George Pinder and Clint Murchinson Jr. – setting up legislators for blackmail through child pedophilia rings using both vulnerable male and female children from orphanages all across the United States. This, according to scores of documents and witnesses.
Americans who are concerned about pedophilia, with near daily reports of kidnappings or disappearances of young children who later turn up dead or fall victim to Mexican, South American and Middle Eastern child sex slavery need only start with the ongoing cover-up of pedophilia in the halls of Congress and the White House. It’s still a hushed-up secret, waiting for irate parents and family victims to march on Washington.
Other congressional blackmail was employed, according to Webb, by the late Leonard Millman, New York Senator Hillary Clinton, Neil Bush and Florida Governor Jeb Bush in an entity known as the MCRD-Boulder Properties Limited Partnerships – financed by Silverado Savings & Loan; and Webb says this forced dozens of current and former congressmen into bankruptcy, including high-profile current New York Senator Charles Schumer. [Media Bypass, May, 2000]
Additional bribes and payoffs were affected through Millman’s cutout company, Denver’s M&L Business Machines to David Mann, Asst. DOJ Inspector General, who works under Lee Redneick, DOJ Inspector General, with money also paid to Denver U.S. Attorney Mike Norton and Robert Pence, head of the FBI Denver office.
Illegal campaign money laundering involved Millman’s MDC holdings--fined by the SEC in 1991 and covered up by former Colorado Attorney General Gail Norton, the current Bush 43 Secretary of Interior, according to Webb. [ TIME, "Rush for Gold--How Silverado Operated," 8-14-1990, and TIME "Running With A Bad Crowd," 10-3-1990]
Norman Philip Brownstein, a current Director of Denver’s Chubb Insurance Company, allegedly owned by George H. W. Bush and Webb’s ex father-in-law, the late Leonard Millman – through illegal trusts funded by laundered drug money controlled by Brownstein – paid President Clinton’s legal fees and also paid off Paula Jones in her sexual harassment suit against the President. Clinton’s personal attorney, James M. Lyons--engulfed in the Whitewater scandal--sits on the board of Millman’s MDC holdings.
All this, according to Webb’s documents and first-hand witnesses, but also Webb's grand jury demand--filed three times.
Webb told us as recently as August, 2004 in U.S. Federal Court in Denver [Case No. 95-Y-107], Chief Judge Richard Matsch has continued to ignore and obstruct his explosive evidence in a manner similar to when Matsch ruled in the Oklahoma City bombing case.
Lastly, another illegal operation employed to "control" and pay off House and Senate members was through Apartment Investment and Management Company (AIMCO)--a real estate investment trust (REIT) currently run by former Congressman Terry Considine and Bush 41 attorney Norman Brownstein.
Members of Congress have been bribed via the Department of Housing and Urban Development (HUD) via Millman and Brownstein’s handing over hidden corporate ownerships in AIMCO’s stolen HUD properties, the federal whistleblower has alleged.
According to Webb, AIMCO is the largest landlord of U.S. apartments--with units that were stolen by Millman’s partner Phil Winn of Denver’s Winn Group, the focus of the 1989 congressional "HUD Scandal " investigation which led to Independent Prosecutor Arlen Adams convicting Switzerland Ambassador Phil Winn and others--but three months before leaving office, President Clinton pardoned Winn. And congressmen continue to profit from money stolen from the taxpayers.
All this, as the voices of thousands of American boys cry out from their graves on the bluffs above the Normandy beaches on the English Channel: "France!...now it’s your turn to help America."
Who will guard the guards?
Mary Schneider contributed additional research for this report.
[Mary was illegally fired by the Department of Homeland Security for her whistleblower activity in the Orlando, FL Immigration office to protect America. Rep. Ric Keller (R-8-FL) and Sen. Bill Nelson (R-FL) refused to help Mary even after I flew to Florida and met personally with them....]
www.tomflocco.com/fs/FinancialTerrorism.htm
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From “THE BREACH: Inside the Impeachment and Trial of William Jefferson Clinton”, by Peter Baker © 2000:
CHAPTER 12
“Heavenly Father,
we are in trouble”
The sergeant at arms moved to the center aisle of the Senate chamber and called out like some medieval town crier in a twentieth-century business suit. “Hear, ye! Hear, ye!’ declared Jim Ziglar. “All persons are commanded to keep silent, on pain of imprisonment, while the House of representatives is exhibiting to the Senate of the United States articles of impeachment against William Jefferson Clinton, president of the United States.”
All one hundred members of the United States Senate sat in their seats, tense and rigid, unusually attentive to every little detail, consumed by the gravity of the task awaiting them on this day, Thursday, January 7, 1999. The chamber that usually bustled with the motion of horse-trading legislators and aides and clerks was unnaturally still.... Most senators had figured the House would never impeach Clinton. Even once it did, many of the senators assumed some deal would be cut in the dead of winter to forestall an actual trial. But they were wrong, and now they had no choice but to confront the issue...
“Mr. President,” the silver-haired Hyde said from the well of the Senate, “the managers on the part of the House of Representatives are here present and ready to present the articles of impeachment, which have been preferred by the House of Representatives against William Jefferson Clinton, president of the United States.”...
“Heavenly Father,” began Senator Daniel K. Akaka, delivering the opening prayer, “we are in trouble and we need your help. We’ve come to a point where we don’t know what to do.”...
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Lott met with a dozen other Republican senators in his hideaway the next morning, Tuesday, January 12, to prepare for the beginning of opening arguments....
The same day, a financial officer at a Washington law firm cut a check for $850,000, slipped it into an overnight envelope, and officially put an end to Jones v. Clinton. Most painful to the president was that he was actually forced to use personal money for some of the payment. His fund-raiser, Terry McAuliff, and other advisors had told him he would not have to pay a dime of the settlement, only to discover that they could not tap into his legal defense fund because its bylaws permitted payments only for attorney fees and legal expenses.
Bob Bennett, Clinton’s lawyer in the Jones case, succeeded in convincing one of the president’s insurers, Chubb Group Insurance, to fork over $475,000 but failed to persuade the other one, State Farm, to contribute. As a result, the final $375,000 was withdrawn from a blind trust that contained the first family’s assets – money that had been made by the first lady when she was a lawyer in Arkansas.
The irony was lost on no one. Hillary Clinton had to pay for Bill Clinton’s problems with women financially as well as emotionally.
March 23, 2005
Court: Insurance Co. Must Pay Legal Fees
A company that insured Tyco International Ltd. executives must pay legal bills for former CEO L. Dennis Kozlowski, who is on trail on corporate-looting charges, an appeals court says.
In a 5-0 ruling, the state Supreme Court Appellate Division left open the possibility that Federal Insurance Co., a subsidiary of Chubb Corp., could later recover some of the costs from Kozlowski.
The lower court judge had ruled that Federal, which provided liability coverage to Tyco, was required to pay Kozlowski’s legal bills.
The appeals court modified the ruling to say Federal was obligated only to pay legal costs of defending covered claims, and could later be repaid for the legal costs of defending noncovered claims.
Federal lawyer David J. Hensler said Wednesday he had argued the policy’s “personal profit exclusion” applied to some claims against Kozlowski because the former CEO was accused of enriching himself by some of his crimes.
The appeals court wrote Tuesday in its 19-page opinion, “Federal must pay all defense costs as incurred, subject to recoupment when Kozlowski’s liabilities, if any, are determined.”
Kozlowski, 58, and Mark H. Swartz, 44, Tyco’s former chief financial officer, are accused of stealing $170 million from Tyco by hiding unauthorized pay and bonuses and by abusing loan programs. They also are accused of making $430 million by inflating the value of Tyco stock by lying about the company’s finances....
In February 2003, Kozlowski notified Federal of the civil and criminal cases against him and demanded that the insurer pay his defense costs. Federal responded by canceling the liability policies and returning Tyco’s premiums.
Federal tried to void the coverage while claiming that Kozlowski, Tyco’s CEO from January 1992 until June 2002, had misstated information about the company’s finances and other matters in his insurance application.
Kozlowski sued Federal, saying the allegedly false statements were filed with the federal Securities and Exchange Commission, and that a clause in the policies barred Federal from attributing the statements to him.
The appeals court agreed with the lower court that Federal had to pay until its claims had been litigated....
Tyco, which has about 250,000 employees and $36 billion in annual revenue, makes electronics and medical supplies and owns the ADT home security business. Nominally based in Bermuda, its operations headquarters are in West Windsor, N.J....
For more on Tyco, GO TO > > > Tracking the Tyco Flock
February 23, 2005
Lawsuit Accuses Insurers of
Rigging Bids, Fixing Prices
Two small businesses allege that insurers paid
independent agents a second commission
By Rene Stutzman, Orlando Sentinel
SANFORD - Two small Seminole County businesses are suing some of the insurance industry’s most prominent players, including the Chubb Corp. and Prudential Financial Inc., accusing them of rigging bids and fixing prices.
The suit, which seeks class-action status, names two-dozen insurance companies or insurance brokerages that do business in Florida.
It accuses the insurers of paying independent agents a second commission, or “contingent commissions,” to lock up more business.
Independent agents are supposed to work strictly for their clients, according to the suit, selling the insurance policy that best fits their needs.
The second commission though, skews that, causing agents to push the insurance line that pays them what amounts to a “kickback,” according to the suit. It accuses the insurers and brokers of racketeering, bid rigging and anti-competitive behavior.
As a consequence, customers - all of them businesses - have been cheated out of “hundreds of millions, if not billions, of dollars” since 1994, according to the suit.
The suit makes the same allegations that New York Attorney General Eliot Spitzer did four months ago, when he launched an investigation that, so far, has won guilty pleas from nine insurance company or insurance brokerage executives, including those associated with two of the companies named in the Seminole County suit.
Those two companies are American International Group, also known as AIG, and ACE Insurance.
Shortly after Spitzer announced his investigation, Florida Attorney General Charlie Crist began one of his own. Crist has issued subpoenas to nearly two-dozen insurance companies and brokers, according to Bob Sparks, a spokesman in Crist’s office.
The Seminole County suit was filed Feb. 16 in state Circuit Court here by Palm Tree Computer Systems Inc., a small Oviedo company that sells and services computers and provides Web page design and hosting; and Delta Research Institute Inc., a Longwood financial-research company.
Officers with neither company would discuss the suit. Each, though, is represented by Longwood lawyer Mark Nation....
A tiny, independent insurance agency in Winter Park, First Market International Inc., is one of the defendants. It sold insurance from The Hartford to Palm Tree.
First Market President Tom Rossello called the allegations “ridiculous.”
“No, we don’t get contingent commissions,” he said.
December 3, 2004
Chubb Receives Subpoena from SEC
The Securities and Exchange Commission has subpoenaed The Chubb Corp. in a "fact-finding inquiry'' regarding loss-mitigation insurance products.
The Warren, N.J., company said in a filing with the SEC that the subpoena was similar to one Chubb received from New York state Attorney General Eliot Spitzer.
Chubb has earlier disclosed inquiries by other prosecutors and insurance regulators also have made inquiries that were previously disclosed.
Chubb said in the filing that it got the SEC subpoena on Monday, Nov. 29. The company said it believes the probe also involves other companies, "and that Chubb has not been singled out in being asked to provide information to the SEC.''...
Spitzer and other regulators have been investigating allegations of conflicts of interest in the insurance industry.
Shares of Chubb closed Wednesday at $77, up 79 cents, or 1 percent, on the New York Stock Exchange.
Copyright 2004 Associated Press. All rights reserved.
http://www.insurancejournal.com/news/national/2004/12/03/48252.htm
May 18, 2004
Chubb Latest to Face N.Y. Probe
of Compensation Pacts
The Chubb Corporation in Warren, N.J. has received a subpoena seeking information regarding certain compensation agreements between insurance brokers and Chubb’s insurance companies from the New York Attorney General Eliot Spitzer....
Marsh & McLennan, Willis Group and Aon Corporation previously confirmed that they have received subpoenas from Spitzer. The subpoenas are seeking information as part of a preliminary inquiry into compensation agreements between insurance brokers and insurance companies.
In February, the national, non-profit public policy group Washington Legal Foundation (WLF), wrote the New York and California attorneys general and insurance departments asking them to probe “two potentially damaging practices engaged in by some in the insurance brokerage industry.”
The two practices WLF wants targeted are placement service agreements (PSAs) and “leveraging” in the insurance brokerage industry. WLF alleges that these practices present conflicts of interest.
The group maintains that PSAs encourage brokers to steer customers to insurers that will profit the broker in contingency fees, but not necessarily benefit the customer.
“This is a troubling trend in the insurance brokerage industry,” said WLF Chairman and General Counsel Daniel J. Popeo. “Insurance brokers are paid to advocate for their customers, not themselves.”
WLF likened these agreements to abuses recently uncovered in the mutual fund industry by the Securities and Exchange Commission.
The practice of “leveraging” or “tying” refers to brokers coercing insurance companies into using their services to purchase their reinsurance in exchange for future referrals for their primary insurance business....
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(Catbird Note: For an earlier case of alleged racketeering, leveraging and price fixing involving Marsh & McLennan and the Chubb Group, GO TO > > > Harmon’s Claim Letter to John Sinnott; The Harmon Chronicles; RICO in Paradise; Claims By Harmon; Harmon’s Letters to Insurance Commissioners; Mary Lou Woo vs. Harmon)
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August 31, 2000
UNITED STATES DISTRICT COURT
DISTRICT OF NEW JERSEY
CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM,
OF Itself and All Others Similarly Situated,
Plaintiff,
vs.
THE CHUBB CORPORATION, DEAN R. O’HARE, DAVID B. DELSO, HENRY B. SCHRAM, EXECUTIVE RISK INC., STEPHEN J. SILLS, ROBERT H. KULLAS and ROBERT V. DEUTSCH,
Defendants.
CLASS ACTION
COMPLAINT FOR VIOLATION OF §§10(B) (AND RULE 10B-5), 14 AND 20(a) OF THE SECURITIES AND EXCHANGE ACT OF 1934 AND §§11 AND 15 OF THE SECURITIES ACT OF 1933
DEMAND FOR JURY TRIAL
SUMMARY OF ACTION
1. This is a class action on behalf of all purchasers of the common stock of The Chubb Corporation (“Chubb” or the “Company”) between 4/27/99 and 10/15/99 (the “Class Period”), including the former shareholders of Executive Risk Inc. (“Executive Risk”) who exchanged their Executive Risk shares for shares of Chubb stock in the merger in 7/99. Chubb sell personal, standard commercial and specialty commercial insurance and is one of the largest U.S. underwriters of directors’ and officers’ liability insurance. This action arises out of a scheme to make it appear that serious problems and increasingly large losses in Chubb’s standard commercial insurance business, which had badly hurt Chubb’s results in 97-98, were being overcome by a combination of rate increases and non-renewal of unprofitable standard commercial insurance business ... which enabled Chubb to report better-than-expected earnings per share (“EPS”), indicating Chubb’s business was turning around faster than expected and that Chubb would therefore achieve stronger EPS growth in 99 and 00 than earlier forcast, thus artificially inflating Chubb’s stock to $76-3/8 per share in mid-99. This enable Chubb to successfully complete its extremely important acquisition of Executive Risk - a highly profitable underwriter of directors’ and officers’ liability insurance - in exchange for 1.235 shares of Chubb stock for each share of Executive Risk stock ... The inflation of Chubb’s stock price reduced the number of shares Chubb had to issue to acquire Executive Risk, saving Chubb at least $300-$400 million, while enabling the top three insiders of Executive Risk to receive millions in special benefits and payments upon the sale of Executive Risk to Chubb. However, just eight days after Chubb’s acquisition of Executive Risk, Chubb shocked the markets by revealing much worse-than-expected 2ndQ 99 EPS due to increasing losses in its standard commercial insurance business ...
www.securities.stanford.edu/1010/CHUBB96/complaint083100.htm
For more on CalPERS pension plan, GO TO > > > The Great Nest Egg Robberies
April 30, 2002
Chubb CEO O'Hare to retire,
profits up on rate hikes
By Bill Rigby
NEW YORK (Reuters) - Chubb Corp's (CB) Chief Executive Dean O'Hare on Tuesday announced his intention to retire within the next 12 months, as the insurer reported quarterly profits up 13 percent, boosted by higher premiums.
Chubb's shares rose 4 percent, to $76.15 on the New York Stock Exchange, nearing their $79.50 52-week high, as O'Hare forecast higher profits next year.
"Chubb's earnings are in the early stages of a major turnaround," said O'Hare, on a conference call with analysts. "I want to go out at the beginning of a golden era for Chubb, not just before the end of one."
O'Hare's announced intention to retire comes as Chubb, one of the leading U.S. business insurers, enjoys a surge in insurance premium rates, after a decade of declines.
The Sept. 11 attacks only served to accelerate price increases.
O'Hare, who will turn 60 in June, has been CEO of Chubb, for 14 years. He joined the firm 39 years ago.
Chubb is starting the search for a new CEO immediately. O'Hare who will stay on as CEO until a successor is found.
"I was a little surprised," said Williams Capital Group analyst Michael Paisan. "But now's the time to bow out, as Chubb is firing on all cylinders."
The Warren, New Jersey-based firm reported first-quarter net profits of $198.2 million, or $1.15 a share, up from $175 million, or 97 cents a share, a year earlier.
"The hard market has arrived, we helped bring it about," said O'Hare on the conference call. "We were better prepared for it than most of our competitors, and we are reaping the benefits -- big time."
Next year would be even better for Chubb, O'Hare said, as rate increases make a full impact on the bottom line.
"If you think 2002 will be good, you ain't seen nothing yet," O'Hare said....
For more on Chubb’s part in the 9-11 terrorist attacks, GO TO > > > Axis of Evil
October 28, 2002
Medical Insurance Settlement Reached
By Frank Cho, Honolulu Advertiser
Companies that insured executives of the defunct Pacific Group Medical Association, and the United Public Workers Union, have agreed to pay nearly $10 million to settle claims over the insurance company’s failure and millions of dollars in unpaid premiums.
The agreement, one of the largest insurance settlements in recent years in the state, is the first related to the collapse of the medical insurer and caps more than five years of efforts.
Pacific Group Medical Association was one of the largest failures of an insurance company in state history. State regulators seized the troubled medical insurance company in March 1997 hoping to avert a financial collapse as auditors and consultants reviewed the firm’s financial records. The company, which had about 12,000 members, was declared insolvent five months later.
The settlement means about 1,756 former members of Pacific Group Medical Association and 2,372 medical providers with claims against the failed company will be receiving payments, according to state records. Creditors have filed nearly $16 million in claims against the defunct company.
“The situation looked very bleak at the time PGMA collapsed. There appeared to be nothing left by ash,” said Wayne Metcalf, the state’s insurance commissioner. “But because of aggressive recovery efforts, we were able to recover significant amounts of money and that is heartening.”...
The settlement covers most of the claims against the company’s former leadership, but does not affect a multimillion-dollar lawsuit by the state against Peter Wong, the medical insurer’s former chief executive officer.
Wong, who now lives in California, filed for bankruptcy protection in March. The civil lawsuit by the state against Wong is set to go to trial in March.
Executive Risk and the John Alden Life Insurance Co. and other defendants agreed to settle claims against former PGMA executives for more than $6.8 million. Voluntary Employees Benefit Association, an affiliate of the United Public Workers union, agreed to pay nearly $875,000 to settle unpaid insurance premiums to PGMA....
Metcalf said a separate settlement was reached with the United Public Workers union for $1.7 million for unpaid health insurance premiums, but that settlement is still awaiting court approval.
Defendants who have still not settled include Wong, his wife Susan, Pacific Benefit Services and Four Winds RSK Inc., a company owned by Robin Rodrigues Sabatini.
Sabatini, and her father UPW union leader Gary Rodrigues are on trial on charges of mail fraud, conspiracy to defraud a healthcare benefit program, conspiracy to launder money and money laundering related to their dealings with PGMA and other Hawaii health insurers.
PGMA at one time provided healthcare coverage for the United Public Workers, which Rodrigues heads as statewide director. The union eventually dropped PGMA and stopped paying premiums after the insurer failed to pay providers.
The state said it believes Wong and other PGMA officials pocketed millions of dollars in member premiums while leaving the company without enough money to pay claims.
“There was a lack of effective checks and balances by the board of directors at PGMA which enriched Mr. Wong to the detriment of the company,” said Metcalf.
“That is really the PGMA story.”
For more, GO TO > > > Buzzards in the Doctor’s Office, Harmon’s Letters to Insurance Commissioners; Mary Lou Woo vs. Harmon; Predators in Paradise; RICO in Paradise; Mary Lou Woo vs. Harmon
November, 2001
Footloose and Taxfree
A syndicated monthly column by
Miami-based Offshore Business News & Research Inc.
Billions of new capital flows into
Bermuda's insurance market
Billions of dollars of new capital is flooding into the Bermuda insurance and reinsurance market as existing firms seek to replenish reserves and Wall Street seeks to take advantage of soaring rates in the wake of the September 11 terrorist attacks in the United States. So far, plans have been disclosed for four new reinsurers with combined targeted capital of more than $3.5 billion, while existing firms have raised or are raising over $2.2 billion in securities offerings.
It is the Third Wave of new capital to flow into the Bermuda market over the last 15 years. In the mid-1980s, the asbestos crisis led to the formation of ACE and EXEL; in 1992/93, Hurricane Andrew led to the formation of several massive property catastrophe reinsurers and, now, the terrorist attacks are leading to the current activity.
The backers of the new firms include blue-chip firms such as Goldman Sachs, Marsh & McLennan, American International Group and Chubb Corp.
Meanwhile, Bermuda's insurers and reinsurers have taken massive hits in the Third Quarter as a result of the World Trade Center incident. XL Capital reported a quarterly loss of $840 million, ACE lost $442.6 million and IPC Re lost $69 million....
For more on the 9-11 terrorist attack and the cover-up in progress, GO TO >>> Axis of Evil; The Eagle Hooded
Dean R. O’Hare - CEO of Chubb Corporation
From Executive Pay Watch:
In 2000, Dean R. O'Hare raked in $27,572,966 in total compensation from Chubb.
In addition, the Chubb executive took home $3,324,035 in stock option exercises from prior grants.
And Dean R. O'Hare has $27,281,046 in unexercised stock options from previous years.
From Washington on $10 Million a Day: Foreign Lobbying: . . . In Oct of 1996, Brent Scowcroft traveled to Beijing, joining Chubb Corp CEO Dean O’Hare at a meeting with Premier Li Peng. According to an account in the Chinese press, Li “expressed his appreciation for the prolonged efforts Scowcroft has made in helping to develop Sino-U.S. relations,” while Scowcroft assured his host that he was “willing to make further efforts” for that cause.
Scowcroft also sits on the board of at least two corporations with big interests in China, Northrop-Grumman and Qualcomm, and is a trustee of the business-funded Asia Pacific Exchange Foundation, a right-wing beltway outfit that promotes