{"id":3839,"date":"2026-02-13T02:28:39","date_gmt":"2026-02-13T02:28:39","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/3839\/"},"modified":"2026-02-13T02:28:39","modified_gmt":"2026-02-13T02:28:39","slug":"full-steam-staffing-accuses-chubb-of-ramping-up-collateral-demands","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/3839\/","title":{"rendered":"Full Steam Staffing accuses Chubb of ramping up collateral demands"},"content":{"rendered":"<p dir=\"ltr\">After Full Steam decided to leave, the complaint alleges Chubb escalated its demands. Chubb was already holding $29,403,287 in cash from Full Steam to cover future claim payments. The insurer then allegedly required that this cash be converted into a letter of credit, which would remain idle, and insisted Full Steam continue to fund all future claim payments on a monthly basis. The complaint specifies that claim payments made in July and August 2025 were $984,191 and $976,307, respectively. Chubb also demanded an additional $22,029,727 in \u201ccollateral security,\u201d bringing the total demand to $51,433,014, while Full Steam would still need to cover monthly claim invoices of around $900,000 to $1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"After Full Steam decided to leave, the complaint alleges Chubb escalated its demands. Chubb was already holding $29,403,287&hellip;\n","protected":false},"author":2,"featured_media":3840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[131],"tags":[240,3393,3392],"class_list":["post-3839","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chubb","tag-chubb","tag-collateral","tag-workers-compensation"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/3839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=3839"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/3839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/3840"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=3839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=3839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=3839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}