Commercial Lines News

The Main Street America Group Expands Commercial Products into Wisconsin

The Main Street America Group has introduced its commercial product line, featuring its Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super regional property/casualty insurance carrier’s Austin Mutual Insurance Co. throughout the state of …

Travelers Launches OnDemand Risk Control Service for Commercial Clients

The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and mitigate their business risks. The new service, called Risk Control OnDemand, connects Travelers risk experts with insureds through screen share …

What to Expect in Commercial Insurance Prices for Remainder of 2013: Willis

Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see slight reductions, according to global broker Willis in its 2013 …

Bolt, Aon Affinity to Offer New Online Small Commercial Program to NFIB Members

BOLT Solutions, Inc. has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to provide the National Federation of Independent Business (NFIB) with a new online small commercial program for its members. …

XL Group Add Wrongful Internet Usage Protection to Private Co. EPLI Policies

XL Group’s Private Commercial insurance business has added wrongful Internet usage protection to its employment practices liability coverage as part of its management liability package to help employers contend with risks posed by employees’ online activities and social media networking, …

ACE Launches Borderless International Pollution Liability Coverage

ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a foreign casualty pollution liability coverage endorsement. This new endorsement provides a limited pollution coverage extension in conjunction with ACE ATLAS CMP, ACE’s U.S. Controlled Master Program (CMP) …

Q&A: Congressional Politics and Prospects for Terrorism Insurance Renewal

The Terrorism Risk Insurance Act, which was initially enacted in 2002, and amended by the Terrorism Risk Insurance Revision and Extension Act of 2005 and the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA) (collectively, including both amendments, TRIA), …

Finks Joins Texas-Based Roach Howard Smith & Barton

Brandon Finks has joined Roach Howard Smith & Barton insurance brokerage firm as a commercial sales executive for property/ casualty insurance. Finks began his career as a certified insurance claims adjuster with AIG and has more than seven years of …

Agents Hang Onto P/C Market But Lose Ground in Personal Auto: Study

After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. Independent agents and brokers hung onto their share of the market with some independent agency carriers gaining in market share by double digits, according …

Small Businesses Hit With Data Breach Often Fail to Notify Customers: Survey

While more than half the U.S. small businesses experienced at least one data breach, just one-third of those firms notified individuals that their personal information had been compromised, a new survey revealed. “Smaller companies are targeted by data thieves, but …