Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Wal-Mart Says It Could Loan $50M to Bangladesh Factories for Workplace Safety
Aug 30 2013 // Wal-Mart Stores Inc. told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements. The money is part of the more...
Workplace Deaths Decreased in Montana
Aug 28 2013 // The state says workplace deaths in Montana decreased last year. The Montana Department of Labor and Industry’s Research and Analysis Bureau says there were 34 workplace fatalities in 2012. That is down by 15 from the...
Aon Risk Solutions Names Middle-Market Practice Leader in Philadelphia
Aug 27 2013 // Aon Risk Solutions, the global risk management business of Aon plc, announced the addition of Jack Reick as a middle-market practice leader in the Philadelphia office. In his new role, Reick will be responsible for driving...
South Padre Island Water Park Fined Nearly $100K for Workplace Hazards
Aug 27 2013 // A popular water park on Texas’ South Padre island has been fined nearly $100,000 after a 20-year-old lifeguard died and a maintenance supervisor was severely injured at the facility. The U.S. Department of...
Indiana Sees Slight Decline in Workplace Deaths
Aug 27 2013 // The number of workplace deaths in Indiana declined in 2012 to the lowest level in the past two decades, according to a new report by the state Department of Labor. The report, released Aug. 22, said Indiana had 113 worker...
Wyoming Workplace Deaths Reached 5-Year High In 2012
Aug 26 2013 // Workplace fatalities in Wyoming reached the highest number in five years in 2012, slightly surpassing the number of deaths the state has seen in each of the past several years. Last year, 35 people died on the job in...
Liberty Mutual Commercial Unit Names Martin to Head National Property
Aug 26 2013 // Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Mike Martin as executive vice president and general manager, National Insurance Property. Martin will lead a unit that provides...
Employer Health Premiums Slow for Second Year: Kaiser
Aug 22 2013 // Health-insurance premiums to cover working Americans rose 4 percent this year, less than the previous two years in another sign that the cost of employee benefits for U.S. companies may be slowing. Annual premiums for a...
Workers’ Compensation Benefits, Employer Costs Rise: Study
Aug 20 2013 // Both workers’ compensation benefits paid to insureds and costs for employers increased in 2011, a new study released today revealed. Total workers’ comp costs to employers rose by 7.1 percent to $77.1 billion,...
Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey
Aug 19 2013 // Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and brokerage firms, according to a survey by Reagan Consulting, a management consulting...
Commercial Rate Increases Slowed in July: MarketScout
Aug 19 2013 // After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout’s market index. Rate increases for...
Rates for Same Workplace Injuries Vary by State: Study
Aug 13 2013 // Rates of serious workplace injury and illness vary significantly between states, even for workers in the same industries, according to a recent report. Allsup, a provider of Social Security Disability Insurance (SSDI)...
First Felony Conviction Won Against Uninsured Employer in Illinois
Aug 8 2013 // For the first time, an uninsured employer has been convicted of a Class 4 felony for failing to obtain workers’ compensation insurance in Illinois, the state workers’ compensation commission announced. Ahmed...
Commercial Rate Increases Slowed in July: MarketScout
Aug 6 2013 // After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout’s market index. Rate increases for...
Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey
Aug 6 2013 // Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and brokerage firms, according to a survey by Reagan Consulting, a management consulting...
CNA Introduces New Package Policy For Mid-Sized Businesses
Aug 5 2013 // CNA has launched CNA Paramount, a new package policy for mid-sized businesses that combines property and general liability coverage. CNA Paramount brings all the basic and critical property and crime coverage needs into...
Liberty Mutual EVP Burnett’s Role Expands in Business Insurance Unit
Aug 5 2013 // Liberty Mutual Insurance has given Executive Vice President Julie Burnett an added responsibility as head of distribution for the company’s Business Insurance operation. In addition to this appointment, Burnett will...
Delay in Employer Mandate Review is Welcome
Aug 5 2013 // The Obama Administration’s recent decision to delay implementation of the Employer Mandate and reporting requirements in the Affordable Care Act should be viewed as a welcomed move. Namely, it’s an opportunity...
Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying...
Travelers’ Small Business Risk Education Program Launched in Chicago
Jul 18 2013 // The Travelers Companies Inc. announced the launch of the Small Business Risk Education (SBRE) program in Chicago to help women and minority small business owners learn about risk management, develop safety risk management...
