commercial insurance News

Minnesota Seeing More, Costlier Farm Equipment Accidents

Increasingly large farm machinery is causing more costly and potentially dangerous collisions with power lines and poles, rural Minnesota electric co-ops say. More than 2,000 customers of Federated Rural Electric, based in the southwest part of the state, lost power …

Severe Floods Overwhelm Detroit Area; Slow Vehicle Production

A woman died when her vehicle became stranded in 3 feet of water in suburban Detroit, after heavy rain across southeastern Michigan left many roads impassable. Fearing more motorists could become stranded a day after a storm dumped more than …

Combined Group Launches Admitted Drycleaner Insurance Program

Combined Group, a wholesaler of commercial insurance based in Dallas, has released a new exclusive insurance program available for drycleaners, drycleaner plants, drycleaner receiving stations, commercial launderers, linen suppliers, uniform rental firms, coin-operated laundromats, self-service laundromats & washaterias. Combined Group’s …

CPro Associates Spin-Off Concentrating on Commercial Insurance Business

Dallas-based CPro Associates has spun off its binding authority and programs unit as a new company, B&H Risk Services Inc., headed by William E. Buckley. Buckley joined CPro in late 2013 to form and develop the new business unit. B&H focuses …

Philadelphia Launches Commercial Excess Flood Coverage

Philadelphia Insurance Cos. (PHLY) is now offering commercial excess flood coverage to complement its commercial primary flood product. PHLY’s new excess coverage competitively priced and available at limits higher than the National Flood Insurance Program (NFIP) for businesses. Through PHLY’s …

Schinnerer Adds Private Company Management Liability Program

Underwriting manager Victor O. Schinnerer & Co. has launched a private company management liability program. The private company program is offered to a range of eligible industries with up to $1 billion in total assets. The program, offered on admitted …

Louisiana Parish Sets Up Hurricane Re-Entry System for Businesses

Terrebonne Parish in Louisiana has a new emergency re-entry process for companies attempting to reopen after a mandatory hurricane evacuation. The Courier reported placards would replace company picture ID badges and would allow company representatives access to check the status …

Ohio Warning Rideshare Drivers About Insurance Risks

Ohio is warning drivers considering work with a ridesharing service such as Uber or Lyft to understand the insurance implications. Rideshare companies operating in Columbus, Cincinnati and Cleveland use smartphone apps to connect potential passengers with drivers using their personal …

Report: Majority of Wisconsin Businesses Plan on Investments in 2014

A recently released BMO Harris Bank study found that the majority of business owners/executives in Wisconsin plan on investing in their business in 2014. Upgrading or purchasing new equipment, along with adding to their work force were cited as the …

ProWriters Launches Small Business Online Quoting Platform

ProWriters is now providing agents and brokers access to online quoting and binding for small business professional liability insurance with general liability and/or a business owners policy (BOP). Quotes for small business risks can be accessed from an online portal …