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Broadcast and Cable Group Endorses All Chubb Commercial Insurance Products
WARREN, NJ, January 15, 2008 - The Broadcast Cable Financial Management Association (BCFM) has named the Chubb Group of Insurance Companies the preferred commercial insurance provider for its members. Chubb has been the preferred property and casualty insurance provider for BCFM members since 2004. The association's endorsement now also includes Chubb's professional and management liability insurance coverages. "The broadcasting industry continues to enter new but riskier ventures as it competes for viewers, listeners and consumers," said Ken Goldstein, worldwide media liability manager for Chubb Specialty Insurance. "From copyright and trademark infringement to defamation, misappropriation, invasion of privacy and more, broadcasters need to protect their organizations through strong risk management practices. Chubb is pleased to share with BCFM's members our 35 years of experience in helping broadcasters manage these risks through effective loss control and insurance programs." "Chubb is a highly respected insurer and understands the unique exposures of our member companies," said Mary Collins, BCFM's president and CEO. "We are pleased to offer this expertise by expanding our endorsement of Chubb to include professional and management liability insurance coverages for BCFM members." Chubb's insurance program for broadcasters offers BCFM members worldwide insurance protection for general liability, special events, media professional liability, Internet liability, business automobile, excess/umbrella, workers compensation, property, machinery breakdown, directors and officers liability, employment practices liability, crime, fiduciary liability, and kidnap/ransom and extortion. The Broadcast Cable Financial Management Association provides education, networking, information and signature products to meet the diverse needs of financial and business professionals in the broadcast, cable and electronic media industries throughout the United States and Canada. More information about BCFM is available at www.bcfm.com. BCFM's Broadcast Cable Credit Association (BCCA) subsidiary provides revenue management services, including professional development programs and credit reports on national and local TV, radio, cable advertisers and advertising agencies. More information about BCCA is available at www.bccacredit.com. The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia. For more information, visit www.chubb.com.