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Travelers, Chubb and Aon suspend all campaign contributions


Travelers has suspended all political donations “in the near term,” while Chubb and Aon have also halted all such payments temporarily, after the assault on the US Capitol last week.

The pause in political payments by the three industry heavyweights follows Marsh & McLennan Companies’ decision yesterday to stop any donations to the eight senators and 139 representatives who voted against certifying the 2020 presidential election.

Several major corporations have now changed their policies on political donations in the wake of the events in Washington DC last week, described by President-elect Joe Biden as an “insurrection”, including Wall Street banks Citi, Morgan Stanley and Goldman Sachs.

The decision by Travelers, Chubb and Aon to stop all donations through their political action committees, including to Democrats, is more bipartisan than other corporate responses to the chaotic political environment that has characterized the final days of the Trump administration.

Twitter, for example, has banned the president from all its platforms, while yesterday cloud computing giants Amazon, Microsoft and Google suspended all support to Parler, a social network popular among far-right activists.

Chubb’s suspension of donations is for a period of between three to six months, while the company evaluates its political contribution policies.

A spokesperson for Travelers told Inside P&C: “We are not making any contributions through our political action committee in the near term, and we will continue to assess how we approach future political donations.”

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