Commercial Lines News

Vlocity Debuts Salesforce Cloud App for Insurance Industry

San Francisco-based cloud software firm Vlocity has launched an app designed for the  insurance industry. The new Vlocity industry app allows large enterprise and medium-size businesses to connect with their customers, partners and employees in a manner consistent with the …

NAS Insurance Services Introduces Regulatory Business Interruption Ebola Coverage

Encino, Calif.-based NAS Insurance Services, a full-service specialty insurance underwriting manager, has partnered with Prospect Insurance Brokers Ltd. and Ark Specialty Programs of Lloyd’s of London to launch an insurance program for businesses facing the threat of Ebola-related closure. Regulatory …

Large Agencies More Optimistic About Future Growth: Vertafore Study

Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts, according to a new industry study. Some 70 percent …

V3 Insurance Offers Enhanced Auto Dealers Coverage in Western States

V3 Insurance Partners LLC of Newtown, Pa. has launched the V3 Dealer V₃antage program for non-franchised auto, truck and RV dealers. The program features garage liability, garage keeper’s liability, dealer’s open lot insurance, property, inland marine and crime cover. The …

Cunningham to Become CEO of IAT Reinsurance

IAT Reinsurance Company Ltd., the privately owned Bermuda insurer, announced that Peter R. Kellogg is retiring as chief executive officer, a position he has held since the company’s founding in the early 1980s. William Cunningham will assume the role of …

Is Ebola Compensable Under Workers’ Compensation?

Two tests must be satisfied before an illness or disease can be considered occupational and thus compensable under workers’ compensation. First, the illness or disease must be “occupational,” meaning that it arose out of the course and scope of employment. …

CareRise Granted Third U.S. Patent for Nursing Facility Risk Management

The U.S. Patent Office has issued a third patent to Tim Goux, CEO of CareRise, a risk management company based in Mandeville, La. The patent further protects the company’s business method to reduce insurance claims and losses at healthcare facilities …

ProAssurance, Pro-Praxis Introduce Excess Package for Complex Healthcare Risks

ProAssurance Corp. of Birmingham, Ala., has launched a new suite of excess insurance coverages, ProAssurance Complex Medicine, or ProCxM, for large healthcare facilities and organizations. This new package of coverages and related services will allow the company to respond more …

Swett & Crawford Expands Energy Practice Group

Swett & Crawford, headquartered in Atlanta, has formed a partnership with JH Blades, which will expand the capabilities offered by its Energy Practice Group. Operating as a coverholder and MGA, the Houston-based JH Blades underwrites upstream energy business both onshore …

Small Commercial Lines: The Good, The Bad, The Ugly

Small commercial lines is suddenly the Cinderella of the insurance industry. Previously the unwanted step child turned beauty queen being courted, pursued, and being offered dowries for marriage. Dowries and marriage are the correct metaphors because companies are clearly willing …