Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
U.S. Commercial Insurance Prices to Firm in 2013: Marsh
Jan 30 2013 // Rates for commercial lines insurance will continue to rise in 2013 thanks to above average losses, low investment returns and receding reserve releases. However, according to a new report published by Marsh, traditional...
EMPLOYERS Names Robertson Medical Director in Southern California
Jan 29 2013 // Reno, Nev.-based EMPLOYERS named Dwight L. Robertson, M.D., medical director. Dr. Robertson will provide physician oversight for the clinical direction of medical services for EMPLOYERS, as well as medical expertise with...
Less Than 50% of Small Businesses Offer Employee Benefits: LIMRA
Jan 29 2013 // Only 47 percent of small businesses (2-99 employees) in the United States offer benefits to their employees, the lowest level in two decades of research by the life insurance industry research organization LIMRA. According...
Travelers Adds Cyber Protection Tailored to Small Businesses
Jan 22 2013 // Small businesses may not think they are at risk for cybercrime, but almost 72 percent of the 855 data breaches worldwide analyzed by Verizon’s forensic analysis unit were at companies with 100 employees or less*....
Supreme Court to Hear Stanford Ponzi Lawsuits, Workplace Bias Case
Jan 21 2013 // The U.S. Supreme Court last Friday agreed to hear four new cases, addressing matters as diverse as the reach of a law designed to combat chemical weapons, and whether lawyers could be sued for having once represented...
2012 Landmark Year for Workplace Class Action Litigation: Study
Jan 14 2013 // When it comes to complex employment-related legal disputes, 2012 will be considered a landmark year, according to a new report on employment class action litigation. Many of the key rulings of 2012 in class action cases...
270,000 Ohio Employers Win Workers’ Comp Ruling
Dec 31 2012 // A judge’s ruling against the Ohio Bureau of Workers’ Compensation may end up costing the state hundreds of millions of dollars. The ruling issued Friday also could mean that more than 270,000 Ohio employers are...
Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey
Dec 28 2012 // The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price increases, or both, according to a new survey. Still, the survey of risk managers and...
U.S. Apppeals Court Revives Workplace Cybertheft Claim
Dec 27 2012 // In a decision that could make it easier for businesses to police cybertheft in the workplace, a U.S. appeals court revived a chemical company’s lawsuit accusing a former Toronto-area employee of using her home...
Workplace Deaths Rise In North Dakota Oil Patch
Dec 26 2012 // North Dakota’s workers’ compensation agency is offering safety training to companies in the state’s booming oil patch, an effort to decrease job-related deaths and injuries happening most often to...
Montana Company Accused of Workplace Safety Hazards
Dec 26 2012 // Federal safety regulators have proposed $75,600 in penalties for a Montana manufacturing company over alleged workplace hazards. The Occupational Safety and Health Administration said Fiberglass Structures, Inc. of Laurel...
NIP Launches Business Insurance Program for Restaurant Industry
Dec 19 2012 // NIP Programs — a division of Woodbridge, N.J.-based NIP Group Inc. that designs and manages specialty business insurance programs — introduced a business insurance program targeting owners and operators of...
Foremost Insurance to Take Over Zurich’s Small Business Insurance Program
Dec 18 2012 // Beginning January 2013, Foremost will introduce business insurance into its portfolio of products. Foremost is a part of the Farmers Insurance Group of Companies. Zurich North America is ending the Zurich Small Business...
Conn.-Based Business Risk Partners Appoints Senior Underwriter
Dec 14 2012 // Business Risk Partners (BRP), a Windsor, Conn.-based managing general underwriter, appointed Jayne Downey as a senior underwriter overseeing the firm’s technology errors-and-omissions (E&O) and data...
Hiscox, Rocket Lawyer Partner to Provide Resources to Small Businesses
Dec 12 2012 // Hiscox has partnered with Rocket Lawyer, an online legal service, to provide small businesses with both insurance and legal advice. In addition to Hiscox’s insurance policies for small businesses, Hiscox customers...
Main Street America Launches Commercial Lines in Mississippi
Dec 12 2012 // The Main Street America Group has announced it will start offering commercial line products in Mississippi through 50 independent agents that represent the insurer’s affiliate, Grain Dealers Mutual Insurance Co. The...
Commercial Insurers Continue Raising Rates, Improve Loss Ratios: Towers Watson
Dec 10 2012 // Commercial insurance prices in aggregate increased by six percent during the third quarter of 2012, the seventh consecutive quarter that aggregate prices for all commercial lines rose. The latest Commercial Lines Insurance...
Texas Legislator: Extend Tax Break for Small Businesses
Dec 7 2012 // Texas state Rep. Harvey Hilderbran, of Kerrville, has filed legislation to promote small business development in Texas by permanently extending a tax exemption for companies that earn less than $1 million a year. In 2009,...
Commercial Lines Rates Up 5% in November: MarketScout
Dec 6 2012 // The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout’s Commercial Lines Market Barometer,...
Small Business Owners Face Health Insurance Dilemma
Dec 6 2012 // Rose Wang looks at her staff of 70 employees and wonders if she’ll have to lay off some of them to comply with the health care law. The owner of Binary Group Inc., an information technology firm based in Alexandria,...
