AFLAC INC. v. Chubb & Sons, Inc.

Eldridge, Judge.

AFLAC Incorporated, a major insurance company primarily selling supplemental group and cancer insurance, brought the instant action against its insurers, Chubb & Son, Inc., Chubb Indemnity Insurance Company, Great Northern Insurance Company, and Jordan/Woolfolk Insurance Company (“Chubb”). AFLAC sought declaratory relief as to coverage and damages under two Chubb contracts of all-risk property insurance for remediation costs incurred upon converting its computer systems from two-digit to four-digit date recognition capability in anticipation of the Year 2000 (“Y2K”) computer…