Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
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...
Galvin Named President of Midwest Employers Casualty
Jul 17 2013 // W. R. Berkley Corp. said it has named Timothy F. Galvin as president of its subsidiary, Midwest Employers Casualty Co. (MECC). The appointment is effective immediately. Galvin succeeds Melodee J. Saunders, who has served...
Fast-Growing Craft Brewers Slow to Adopt Workplace Safety
Jul 15 2013 // Welder Mark Moynihan crawled down a narrow tube into a space the size of a car interior to seal the crack in the fermentation tank at Calhoun’s Bar-B-Q & Brewery in Knoxville, Tennessee. The space was...
USI’s N.Y. Office Appoints Exec to Assist Clients’ Workplace Wellness Programs
Jul 10 2013 // USI Insurance Services’ metropolitan New York office recently appointed Karen Smith as director of its new clinical solutions department. In her role, Smith assists clients in creating workforce wellness programs...
Lockton Opens New Commercial Insurance Office in Ft. Worth, Texas
Jul 9 2013 // Lockton has expanded its commercial insurance operations, opening an office in the central business district of Fort Worth, Texas. The new Lockton office is located at 777 Main Street downtown. Frank Scardino is president...
Commercial Insurance Rates Up 5% Again in June: MarketScout
Jul 8 2013 // Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight month at that pace. According to the latest composite index from MarketScout, all...
Employers Welcome Delay in Obamacare Mandate; Workers, States Concerned
Jul 8 2013 // While businesses hailed President Barack Obama’s decision to delay penalizing companies that fail to offer benefits under the health law, workers and states may struggle with the uncertain aftermath. In postponing...
Employer Health Insurance Mandate Delayed Until 2015
Jul 3 2013 // The Obama administration will delay a crucial provision of its signature health care law, giving businesses an extra year to comply with a requirement that they provide their workers with insurance. The government will...
Obama Administration Issues Contraceptive Rule For Faith-Based Employers
Jun 28 2013 // The Obama administration on Friday issued its final rule requiring health insurance coverage of contraceptives for the employees of religiously affiliated universities, hospitals and other institutions, just as the new...
U.S. Suspends Trade Benefits for Bangladesh Over Workplace Safety
Jun 28 2013 // President Barack Obama on Thursday cut off longtime U.S. trade benefits for Bangladesh in a mostly symbolic response to dangerous conditions in that country’s garment industry that have cost more than 1,200 lives in...
Supreme Court Limits Workplace Harassment, Retaliation Claims
Jun 25 2013 // The U.S. Supreme Court put new limits on lawsuits claiming on-the-job harassment, throwing out a case filed by a black catering worker who said a colleague slapped her and used racial epithets. The justices, voting 5-4,...
North Dakota’s Workers’ Comp Agency to Send Employers Refunds
Jun 24 2013 // North Dakota’s workers’ compensation program will send employers nearly $160 million in payments as a distribution of surplus reserves. The Forum reports that Workforce Safety and Insurance will distribute the...
No Punitive Damages for Workplace Sex Bias, Iowa Court Says
Jun 24 2013 // Courts cannot award punitive damages to victims of workplace sexual harassment and gender discrimination under the Iowa Civil Rights Act, the state Supreme Court ruled in a victory for employers. The court said lawmakers...
Commercial Insurance Rates Up 5% Again in May: MarketScout
Jun 17 2013 // The average composite rate for commercial property/casualty insurance in the U.S. was up 5 percent for May 2013. This marks the third month in a row for a 5 percent increase, according to MarketScout’s analysis. By...
10 Things to Know About Commercial Umbrellas
Jun 17 2013 // Commercial umbrellas can be an answer for business owners with significant assets or those especially vulnerable to lawsuits. Umbrellas may provide supplementary coverage for lawsuits, legal fees and settlements as well as...
$1B Rebate to Ohio Employers Approved
Jun 17 2013 // The directors of Ohio’s insurance fund for injured workers unanimously approved Gov. John Kasich’s proposal to send rebate checks ranging from $5 to more than $3 million to businesses, local governments and...
Berkshire Hathaway’s Eastwood Hiring Specialty Team to Vie with Ex-Employer AIG
Jun 13 2013 // Peter Eastwood, who left American International Group Inc. with three other executives in April to start a new insurer at Warren Buffett’s Berkshire Hathaway Inc., said he’s finding it easy to attract...
