A leading provider of property and casualty insurance to businesses and individuals is coming to Baltimore, Gov. Robert Ehrlich announced.
The Chubb Corporation, based in Warren, N.J., expects to open a commercial insurance policy processing center in Baltimore by the end of 2006, bringing up to some 200 jobs to the state.
Maryland was chosen after two years of discussions and ultimately involved the Baltimore Development Corporation and the Economic Alliance of Greater Baltimore.
“Financial services companies such as Chubb benefit from locating in Greater Baltimore due to the regions strong, trained work force, cost competitive Northeast location, and superior quality of life,” said Christian Johansson, president and CEO of the Economic Alliance of Greater Baltimore.
Was this article valuable?
Here are more articles you may enjoy.
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return? 
Allstate Introduces Large Language Model, ALLIE 
Almost All Top US Companies Had Board Diversity Rules. Now Most Are Gone 
