Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Commercial Property Rate Stabilization Highlights Latest WTW CLIPS
Sep 10 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter. Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its...
People Moves: Melvin Names CEO of BMS Re US; Rawal Joins AXA XL as CUO Middle Market, Canada; QBE Canada Hires Fenn as Multinational Underwriting Manager
Sep 10 2024 // Melvin Appointed President and CEO, BMS Re, US Brad Melvin BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS...
Ex-CFO Says Royal Bank of Canada Manufactured Workplace-Romance Case
Sep 6 2024 // Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive, said the bank was trying to “manufacture” a reason to get...
Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer
Sep 5 2024 // Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings,...
Viewpoint: It’s Election Season! Regulating Political Speech in the Workplace
Sep 4 2024 // With less than three months to go until the general election, politics seem to be a hot topic for discussion these days! However, today’s political climate is more divisive than ever, and there are many reasons why...
Cal/OSHA Cites Nine Employers for Silica Safety Violations
Aug 29 2024 // California’s Division of Occupational Safety and Health cited nine employers in Sun Valley following efforts to address the growing number of silicosis cases among stone workers in California. The safety violations...
Connecticut Offers $5 Million in Grants to Help Small Businesses With Flood Recovery
Aug 27 2024 // Connecticut Gov. Ned Lamont announced that the state is launching a $5 million micro-grant program to assist small businesses in the western portion of the state rebuild and recover from the record rainfall and flooding...
Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh
Aug 19 2024 // Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time since the...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents
Aug 19 2024 // Analysis of 1.2 million workers’ compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year...
Construction Defects Are Not Covered Property Damage in Commercial Liability Policy
Aug 16 2024 // A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for...
Maine Employers Face Possible Damages in Lost Wages Cases Under New Law
Aug 15 2024 // Maine workers will now benefit from a law that allows the state to order businesses to pay back wages as well as damages from missed wages. The law went into effect Friday and is the latest state-level effort among...
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion
Aug 14 2024 // Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The...
Employer’s Clinic May Not be Protected by Workers’ Comp Remedy, SC Court Says
Aug 13 2024 // The South Carolina Court of Appeals has signaled that employers who offer on-site health clinics may not be immune from tort claims from injured or sickened workers. It’s the latest twist to a question that has...
Heatstroke Death of Baltimore Sanitation Worker Prompts Calls for Workplace Safety
Aug 8 2024 // Elected officials and union leaders in Baltimore are calling for safer and more humane working conditions for the city’s public works employees after a man collapsed and died from heatstroke last week while...
What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes
Aug 7 2024 // All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners,...
Hub Acquires Pennsylvania Commercial Lines Agency IMC
Aug 6 2024 // Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC). Located in Erie, Pennsylvania, IMC provides commercial insurance and risk management services to...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents
Aug 6 2024 // Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year employees...
People Moves: Wrigley to Lead DeCotis Commercial Lines Team
Aug 2 2024 // Jessica Wrigley DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines...
People Moves: WCF Insurance Promotes Houting to SVP of Middle Market; Ushur Names Price CRO
Aug 1 2024 // WCF Insurance Promotes Houting to SVP of Middle Market Ken Houting WCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice president of middle market. Houting leads growth and expansion of...
Employers Turn to New Technology to Safeguard Workers From Extreme Heat
Jul 26 2024 // McKINNEY, Texas (AP) — At the start of every work day, construction worker Charles Smith puts on the essentials: hard hat. Safety glasses. A reflective vest. And a small, watch-like band for his wrist. But rather than...
