Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
New York Deregulates Large Commercial Lines
Jul 4 2011 // New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial insurance products and rates. The bill exempts insurance policies written for large...
Make Employers’ Provision of Group Health Insurance Easier, Less Costly
Jul 4 2011 // More than half of all Americans receive health insurance through an employer. Let me advance a bold premise: This is not entirely a bad thing. By insuring 150 million of us, employer-based plans relieve government of the...
Commercial Auto Claims on the Rise – Will Rates Come Next?
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
Calif. Court Limits Employer’s Liability in Acts by Employees
Jun 29 2011 // The California Supreme Court has confirmed a limitation on an employer’s potential tort liability for the acts of its employees, with a particular emphasis on employees operating motor vehicles in the course of their...
Mid-Size Firms Expect Higher Profits, More Borrowing: Poll
Jun 29 2011 // Nearly two-thirds of mid-size U.S. companies expect higher profits in the next 12 months, and many plan to borrow more and increase hiring and investment, according to a survey by JPMorgan Chase & Co. The survey...
Most Commercial Insurance Buyers Expect Flat Rates: Barclays
Jun 29 2011 // Commercial property/casualty insurance prices are stabilizing, with 70 percent of buyers expecting at least flat rates after years of declines, Barclays Capital said Tuesday. The firm’s survey of 50 large buyers...
New York Approves Deregulation of Large Commercial Insurance Products
Jun 24 2011 // New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial insurance products and rates. The bill exempts insurance policies written for large...
Federal Healthcare Law Seen Aiding Small Employers: Study
Jun 22 2011 // Fewer Americans are getting medical coverage through their jobs than a decade ago but the 2010 U.S. healthcare law should help stabilize employer-sponsored insurance, two studies released Tuesday showed. The studies,...
E&O Insights: Does Every One of Your Accounts Have a Personal or Commercial Umbrella?
Jun 20 2011 // The answer to the question posed in the headline is probably “no.” Despite your efforts, not every account (personal or commercial) buys this protection. The best follow up question would be, “Have you...
Loophole in Missouri Law Puts Employers at Risk for Occupational Disease Lawsuits
Jun 20 2011 // Employee Lawsuits Are Expected to Increase Missouri employers, including small- and mid-sized companies, should be aware of a loophole in Missouri law putting companies at risk for lawsuits filed by current and former...
Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up
Jun 20 2011 // Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and...
Employers Look the Other Way On Distracted Driving
Jun 20 2011 // A recent survey appears to confirm that there is growing concern among corporate managers about distracted driving risks and liability. Fifty percent of companies with more than 500 drivers said they have knowledge or...
As Small Business Shrinks, Small P/C Insurers Lose
Jun 20 2011 // The property/casualty small business sector – those accounts with less than 50 employees – has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and...
Attend and Grow Your Commercial Lines House Accounts
Jun 20 2011 // Some House Accounts Are More Equal Than Others Commercial lines house accounts are traditionally profitable for the average agency. By their nature, these small premium insureds have no assigned producer, hence no...
Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up
Jun 13 2011 // Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and...
Matt Koenig, CPCU Joins the Commercial Lines Team at Atlantic Specialty Lines of VA
Jun 10 2011 // Richmond, VA, 6/10/2011 – Atlantic Specialty Lines of VA is excited to announce the hiring of Matt Koenig as a commercial lines underwriter. Matt will be working from his location in NY and will be underwriting...
MJ Insurance Named a 2011 ‘Top Workplace’ in Indiana
Jun 7 2011 // Indianapolis, Ind.-based MJ Insurance, one of the largest privately-held insurance agencies in the United States, has been named one of Indiana’s Top Workplaces for 2011. The Top Workplaces honor, sponsored by The...
Massachusetts AG Urges Rate Reduction for Commercial Auto
Jun 6 2011 // Massachusetts Attorney General Martha Coakley claims insurers have overcharged commercial auto customers by a combined $1 billion over the last seven years and has asked the state’s insurance commissioner to force...
Best Performing Mid-Sized Commercial Insurers
Jun 6 2011 // Medical malpractice insurers rank high when it comes to best performers in the mid-sized commercial insurance arena. Medical liability insurers placed in eight of the top 20 slots, according to SNL Financial’s...
Nevada OSHA Encourages Employers to Ban Texting While Driving
Jun 3 2011 // The Nevada Occupational Health & Safety Section (OSHA) of the Division of Industrial Relations is hoping to stop one of the most dangerous forms of distracted driving. That’s why it is encouraging employers to...
