Commercial Lines News

The Hartford School Of Insurance Launches Small Commercial School

The Hartford School of Insurance has introduced a small commercial training program designed to educate new agency professionals on technical insurance and sales knowledge focused on the needs of a small business owner. According to Rick Newell, vice president and …

Ironshore’s U.S. Energy Unit Launches Endorsements for Upstream Risks

The Energy Unit of Ironshore’s U.S. Specialty Casualty unit is now offering enhanced insurance coverage endorsements for upstream energy risks as part of its ExcessProtect Plus Energy Commercial Excess Liability policy.  The suite of endorsements provides insurance coverage for energy …

Federal Insurance Office Releases Long-Awaited Modernization Report

After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in the United States. In its report, the FIO …

Argo Surety to Issue Surety Bonds in Europe for U.S. Clients

Argo Surety, a division of Argo Group International Holdings, Ltd., now has the capability to issue surety bonds throughout the European Union (EU). Policies will be written through Argo Group’s European subsidiary, ArgoGlobal SE, which has been authorized by the …

Louisiana Researchers Studying Coastal Land Values

It’s no surprise that some coastal wetlands are more valuable than others, but the question several researchers at LSU are trying to answer is how much more valuable. Walter Keithly, associate professor and Richard Kazmierczak, professor with the Center for …

Cost of Insurance Too High: Michigan Township Wants Different Mailing Address

A township near Flint, Mich., is appealing a U.S. Postal Service decision to deny its request for a mailing address distinct from the troubled city. The Flint Journal reports that Grand Blanc Township officials and business boosters filed an appeal …

Global Insurance Co. Expands Taxi, Para-Transit Coverage to Texas

Global Liberty Insurance Co. of New York, a specialty underwriter of limousine, executive car service, taxi and para-transit, will start accepting risks in Texas starting in October. The addition of the state represents the company’s continued expansion into new territories …

Hiscox Adds Cyber Crime Protection for Small, Medium-Sized Businesses

Hiscox, the international specialist insurer, has added a new cyber crime protection endorsement to its technology privacy cyber portfolio. The cyber crime coverage option provides additional protection against growing exposures related to cyber crime connected to business bank accounts. “Technology …

Main Street America Expands Commercial Products to Austin Mutual Agents in Oregon

The Main Street America Group has introduced its commercial product line, featuring its flagship 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. in Oregon. This launch …

Louisiana Exports Hit Record $29B for 6-Month Period

Louisiana’s worldwide exports increased 3.4 percent to a record $29.0 billion in the first six months of 2013, compared to the same period in 2012. The World Trade Center of New Orleans said Louisiana’s principal export markets through the second …