Chubb Sues EBay, Ex-Executives Over $56 Million Stalking Payment

ACE Property & Casualty Insurance sued eBay and three former executives, alleging they finalized a $55.7M cyberstalking settlement without consent. The insurer claims the 2019 harassment was intentional, excluded from its policy. ACE seeks damages and a ruling to avoid coverage obligations. The settlement included $48.7M for the Steiners and $7M in charitable contributions.

ACE Property & Casualty sued eBay to avoid covering a $48.7M cyberstalking settlement, alleging the harassment was directed by eBay's senior executives and thus excluded under their $50M policy. The case hinges on policy exclusions and eBay's settlement without insurer consent.

BMO Capital Markets analyst Brian Pitz named eBay a top pick in e-commerce, citing durable growth and diverse revenue drivers. He reiterated an Outperform rating and $150 price target after meetings with management, highlighting growth in consumer-to-consumer sales, eBay Live, and Depop. Management emphasized broad-based demand and structural improvements, with AI and trust infrastructure supporting the investment thesis.

Travelers (TRV), Allstate (ALL), and Chubb (CB) are large property and casualty insurers with strong dividend histories. Travelers has raised dividends annually since 2004, yielding 1.17%. Allstate offers the highest yield at 1.59%, while Chubb has the largest market value and diverse earnings. All three maintain low payout ratios and benefit from rising investment income.

The UK government plans to ban under-16s from online marketplaces like Vinted, eBay, Depop, and Facebook Marketplace due to grooming concerns. A consultation showed strong public support for the ban, with regulations expected by year-end and implementation in spring 2027. The Children’s Society reported risks of exploitation on these platforms.

A federal judge certified a class action lawsuit against Amazon, alleging its pricing policies artificially inflated prices on eBay and Walmart. The case, filed in 2020, claims Amazon's anti-discounting policies discouraged sellers from offering lower prices on competing platforms. The certified class includes U.S. buyers who made qualifying purchases since 2016. Amazon disputes the claims, arguing its policies ensure competitive offers. The case is Frame-Wilson et al. v. Amazon.com Inc.