Major US insurers suspend political donations for months to come By Reuters

(Reuters) – Major US insurers on Wednesday decided to suspend contributions to political campaigns for the next few months, following last week’s violence on the US Capitol and President-elect Joe Biden‘s challenge to victory. Chubb (NYSE 🙂 Ltd, one of the world’s largest insurers, MetLife Inc (NYSE :), Liberty Mutual Insurance and Travelers Companies (NYSE 🙂 Inc has joined a number of companies that are either reassessing or temporarily halting political donations . “In light of last week’s mob attack on the United States Capitol and attempts to derail the electoral college vote, Chubb has suspended all campaign contributions for three to six months while the company conducts an assessment of their political contribution policies, “he said in a statement. . Liberty Mutual said it suspends political contributions during the first quarter and is reassessing its contribution strategy. Travelers said it will not be making any contributions through its Political Action Committee anytime soon and will assess how it approaches future political giving.

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