Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Alabama Businesses Working on Workplace Safety
Dec 8 2011 // It’s not uncommon for Troy Collett to feel like he’s playing a game of dodge cars when he’s making a delivery in downtown Florence, Alabama. “I’ve felt the exhaust off the tailpipes (of the...
Travelers CEO Says His Company’s Business Insurance Rates Up Over 5%
Dec 7 2011 // The Travelers Companies CEO Jay Fishman said at a financial conference yesterday that his company raised rates for business insurance customers by 5.2 percent in October, followed by 5.8 percent in November, according to a...
Rate of Virginia Workplace Injuries Up in 2010
Dec 5 2011 // The rate of workplace injuries increased in 2010 in Virginia, but still remains below the national rate. The Virginian-Pilot of Norfolk said a state Department of Labor and Industry report released last Thursday shows that...
RIMS: Soft Market Has Hit Bottom for Commercial Lines
Dec 5 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
N.Y. Loosens Regulations for Large Commercial Insureds
Dec 5 2011 // New York State Department of Financial Services issued new rules to implement a new state law that deregulates most insurance business for large, sophisticated companies and public entities. The law exempts insurers from...
Ohio Businesses Awarded More Than $273K for Workplace Safety
Nov 23 2011 // The Ohio Bureau of Workers’ Compensation (BWC) awarded 13 businesses safety intervention grants totaling more than $273,000 during October to make Ohio workplaces safer, the agency announced. BWC designed the Safety...
New York Loosens Commercial Insurance Regulations for Large Insureds
Nov 21 2011 // New York State Department of Financial Services announced on Monday that it issued new regulations to implement a recently adopted state law that deregulates most insurance business for large, sophisticated companies. The...
Small Business Owners Trust Their Agents, Survey Reports
Nov 21 2011 // Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group...
California’s State Fund Names Welsh Chief for Workplace Safety
Nov 18 2011 // California’s State Compensation Insurance Fund on Friday named Len Welsh head of workplace safety. Welsh is charged with directing State Fund’s strategies to advance occupational safety and health in...
Employers Pay Workers More Where Sexual Harassment Risk Exists: Study
Nov 18 2011 // Female workers are six times more likely than male workers to experience sexual harassment on the job, according to a report out of Vanderbilt University in Nashville. Vanderbilt University economist Joni Hersch has...
Soft Market Has Hit Bottom for Commercial Lines, New RIMS Survey Says
Nov 16 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
Small Business Owners Report High Trust in Agents, Survey Reports
Nov 14 2011 // Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group...
Oregon’s Consumer and Business Department Names Premium Assessment Rate
Nov 14 2011 // An assessment rate of direct earned premium is necessary for the Oregon Department of Consumer and Business Services to carry out its statutory responsibility to regulate, administer, and enforce the workers’...
Employer-Sponsored Health Insurance Hits New Low
Nov 14 2011 // The percentage of Americans who have health insurance through their employer slipped to a new low of 44.5 percent in the third quarter, a drop of over 5 percentage points in three years, according to a poll released...
Utica National Launches Cybersurance for Small Businesses
Oct 28 2011 // Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and...
Ohio Public Employer Workers’ Comp Rates Falling
Oct 28 2011 // Ohio’s 3,900 public employer taxing districts will pay an estimated $22 million less for workers’ compensation coverage next year following tadecision by the Ohio Bureau of Workers’ Compensation (BWC)...
Ohio Businesses Awarded More Than $200K for Workplace Safety
Oct 27 2011 // The Ohio Bureau of Workers’ Compensation (BWC) reported that 10 Ohio businesses received more than $217,000 in safety intervention grants in September to improve workplace safety. The Safety Intervention Grant...
Chartis Appoints Chief Underwriting Officer for Global Commercial Unit
Oct 26 2011 // Chartis has appointed Tim Carter as chief underwriting officer for the company’s global commercial insurance unit. He will be responsible for underwriting leadership, strategy and governance for the financial lines,...
U.S. Offering Small Businesses Free Cyber Security Tool
Oct 25 2011 // The U.S. government is making it easier for small businesses to beef up defenses against cyber criminals through a free, online tool, the top U.S. communications regulator said Monday. The Small Biz Cyber Planner will...
Workplace Deaths Double in West Virginia
Oct 19 2011 // Fatal on-the-job incidents in West Virginia more than doubled in 2010 compared to the previous year. The U.S. Bureau of Labor Statistics said 95 workers were killed in workplace incidents, up from 41 in 2009. It’s...
