Major insurers temporarily suspend political contributions following attack on Capitol Hill

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THE BHARAT EXPRESS NEWS INSURANCE NEWS
THE BHARAT EXPRESS NEWS INSURANCE NEWS

The main US insurers decided on Wednesday to suspend their contributions to political campaigns for the coming months, following last week’s violence on the United States Capitol and the challenge to the victory of President-elect Joe Biden.

Chubb Ltd., one of the world’s largest insurers, MetLife Inc., Liberty Mutual Insurance and Travelers Companies Inc. have joined a host of companies that are reassessing or temporarily stopping political donations.

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“In light of last week’s popular attack on the U.S. Capitol and attempts to derail the Electoral College vote, Chubb has suspended all campaign contributions for three to six months while the company carries out a evaluation of its political contribution policy, ”he said in a statement. .

Liberty Mutual said it was suspending political contributions for the first quarter and reassessing its contribution strategy.

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The Travelers said he would not make any contributions through his political action committee in the short term and would assess how he approaches future political donations.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur)

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