Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Virginia Raises Fines for Employers Without Workers’ Comp
Jun 2 2014 // Employers in Virginia who fail to provide workers’ compensation insurance for their employees will be assessed, beginning July, a civil penalty of up to $250 per day for each day of noncompliance, subject to a...
Union Mutual of Vermont Cos. Names Director of Commercial Lines Underwriting
May 30 2014 // Geoffrey J. SmithUnion Mutual of Vermont Companies has hired Geoffrey J. Smith as the director of commercial lines underwriting. He is based in Montpelier, Vermont. Smith has over 27 years of experience underwriting and...
FirstComp Launches Small Business BOP Product in Hawaii
May 28 2014 // FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Hawaii. The BOP product is also...
Private Employer Workers’ Comp Rates to Fall Again in Ohio
May 22 2014 // Ohio private employers will again benefit from lower overall workers’ compensation base-rates with a 6.3 percent reduction that will take effect July 1, the Ohio Bureau of Workers’ Compensation (BWC)...
Employers Names Mikulsky Senior Vice President in Nevada
May 19 2014 // Employers named Aaron Mikulsky as senior vice president of business process and policyholder services. He will be based out of Employers’ headquarters in Reno, Nevada. Mikulsky has more than 19 years of experience in...
Liberty Mutual Adds Cyber Coverages to Small Business BOP Policies
May 19 2014 // Liberty Mutual Insurance is now offering its small business customers data compromise and CyberOne endorsements for its BOP product available on the company’s eCLIQ policy administration platform. The data compromise...
Court: Ohio Overcharged Employers Workers’ Comp For Years
May 19 2014 // The director of the state insurance fund for injured workers said Friday that he’s disappointed with an unusually pointed appeals court decision that says the fund overcharged employers by hundreds of millions of...
Disaster Loans Made Available for New Mexico Small Businesses
May 19 2014 // Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement in April, saying the loans can help offset economic...
Scottsdale, Virtue Risk Partners to Offer Commercial Package Product
May 14 2014 // Scottsdale Insurance Co. has partnered with Virtue Risk Partners, LLC to offer a commercial package product. Virtue Risk Partners will offer commercial package products, including commercial general liability,...
Virginia to Raise Penalties for Employers Without Workers’ Comp Coverage
May 13 2014 // Employers in Virginia who fail to provide workers’ compensation insurance for their employees will be assessed, beginning July, a civil penalty of up to $250 per day for each day of noncompliance, subject to a...
Commercial Auto Insurers Still Struggle to Profit: Fitch
May 6 2014 // Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a...
Business Risk Partners Hires Brault as Broker Relations Director in Conn.
May 5 2014 // Business Risk Partners, a Windsor, Conn.-based managing general underwriter, has appointed Stephen L. Brault to the newly created position of director of broker relations.Stephen L. BraultIn his new role at Business Risk...
Employers Names Two Key Executives in its Nevada Headquarters
May 5 2014 // Reno, Nev.-based Employers named Larry Rogers senior vice president and chief underwriting officer and Frank Buonomo vice president of IT infrastructure and operations. Rogers has more than 25 years of experience in the...
Report: Small Businesses Still Feel Effects of Superstorm Sandy
May 5 2014 // When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released on April 21 regarding Superstorm Sandy’s effect on small businesses, he began nodding in...
Missouri Law Bars Contractors from Paying Deductibles on Commercial Property
May 2 2014 // Missouri lawmakers have given final approval to legislation that supporters say is aimed at protecting commercial property. A 2011 Missouri law bars residential contractors who fix roofs or complete other exterior repairs...
Nielsen, Travelers Survey: Employers Unfamiliar with Risks Posed by ACA
Apr 29 2014 // Travelers has released a Nielsen Research survey that offers insight into U.S. employers’ familiarity with and preparedness for the implementation of the Patient Protection and Affordable Care Act (PPACA). The...
Disaster Loans Made Available for New Mexico Small Businesses
Apr 28 2014 // Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement Friday, saying the loans can help offset economic...
Managed Care Open Enrollment for Ohio Employers to Begin
Apr 25 2014 // Ohio employers will have an opportunity to select a new managed care organization (MCO) to manage health-care services for workers injured on the job beginning April 28. The Ohio Bureau of Workers’ Compensation (BWC)...
Ohio Employers to Share $1.2B Workers’ Comp Premium Credit
Apr 23 2014 // Ohio private employers and local governments will soon receive a credit on their workers’ compensation bills totaling $1.2 billion, the Ohio Bureau of Workers’ Compensation (BWC) announced. The credit approved...
Report: Superstorm Sandy’s Fallout Tough on Small Businesses
Apr 23 2014 // When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in...
