commercial insurance News

Liberty Mutual Adds 2 Excess Casualty Products for Large Companies

Liberty Mutual Insurance has launched two new excess casualty products for large companies: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate sector. Both are available from Liberty Surplus …

Zurich Launches Commercial Insurance Unit; Shea Named as Head

Zurich Insurance Group AG named James Shea to head a new unit that will combine its global corporate and commercial businesses as part of a company-wide restructuring. Shea, 50, joins from American International Group Inc. where he headed global financial …

Internet Insurance Group Launches Online Insurance Platform for Small Businesses

Internet Insurance Group (IIG), a Waltham, Mass., based insurance agency that sells commercial insurance to small businesses, has launched its flagship website, SmallBusinessQuote.com. The firm has been working to build out its product offerings over the past year by building …

Goodwin Joins MJ Insurance in Indiana

MJ Insurance has added Ryan Goodwin to its risk management and commercial insurance team in Indiana. Goodwin joins MJ from Morgan Insurance Group in Martinsville where he worked for the past five years. Previously, Goodwin served as a police officer …

Southland Man Sentenced for Grand Theft After Posing as Insurance Agent

A Southern California man has been sentenced for grand theft for posing as a licensed insurance broker, selling insurance to commercial truckers and then pocketing premiums. Cristian Raul Videla, 34, of Van Nuys, Calif., pleaded no contest this week to …

UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire

A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance Act, due to take effect …

Gridiron Insurance Releases Nationwide Small Business Program Platform

Gridiron Insurance Underwriters Inc., a program manager that specializes in program business on a regional and national basis, has launched a new platform product designed for small businesses. Gridiron Insurance Underwriters’ Gridiron Package Select (GPS) is a fully automated program …

IDT911 Enhances Data Breach Services for Commercial Insureds

IDT911 has enhanced its DataRiskStages data breach mitigation and remediation service for insurance companies and their commercial policyholders. The DataRiskStages platform has been enriched with three new features: Ins.breachresponse.com to help avoid and manage a breach, CyberClaims911  for more efficient …

ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans

CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could be available next year. San Francisco, …

Flooding Hampers Commerce on Arkansas River System

Drenching rains and flooding over the past two months have greatly reduced barge traffic along the 455-mile McClellan-Kerr Arkansas River Navigation System and dented the finances of companies that depend on the waterway. The navigation system stretches from Catoosa, Okla., …