Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
North Carolina May Hike Penalties for Violations of Workplace Safety
Jul 10 2009 // A plan to increase maximum monetary penalties for businesses that break North Carolina’s child labor and some workplace safety laws is one vote away from final passage. The Senate voted unanimously this week to...
North Dakota Employers’ Workers’ Comp Bills Likely to Rise
Jul 6 2009 // Eight months after North Dakota voters gave Gov. John Hoeven the final word on state workers’ compensation rates, employers’ insurance bills are likely to rise due to the recent bleak market for...
California Employers Oppose Fees on Workers’ Comp Premiums
Jul 2 2009 // Members of the Workers’ Compensation Action Network (WCAN) have launched a campaign to oppose more than $60 million in new annual workers’ compensation assessments being proposed in California. The new...
Employers Direct Stops Writing Workers’ Comp Insurance in California
Jul 1 2009 // Citing the strain of escalating medical costs on the workers’ compensation system, increasingly intense price competition, and the uncertainty over the sustainability of the 2003-2004 legislative reforms due to...
Pinnacol Assurance Named One of 50 Best Employers to Work For
Jun 30 2009 // Denver-based workers’ compensation insurer Pinnacol Assurance has been recognized as one of the top 50 best companies to work for in America by the Society for Human Resource Management (SHRM) and the Great Place to...
Wisconsin’s Capitol Insurance Adds Commercial Auto Coverage
Jun 25 2009 // Capitol Insurance Companies (Capitol) based in Middleton, Wis., has launched a commercial automobile insurance product. The company said the product is available for appointed insurance agents and brokers through a newly...
New Florida Commercial Insurer CastlePoint Assigned Ratings
Jun 24 2009 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” to CastlePoint Florida Insurance Co. (CFIC) of Fort Lauderdale. The rating firm said the outlook...
North Dakota Employers’ Workers’ Comp Bills Likely to Rise
Jun 23 2009 // Eight months after North Dakota voters gave Gov. John Hoeven the final word on state workers’ compensation rates, employers’ insurance bills are likely to rise as a consequence of the recent bleak market for...
Texas Court: Employer Not Liable for Fatigued Worker’s Off Duty Activity
Jun 23 2009 // The Supreme Court of Texas has ruled that employers generally do not owe a duty to third parties for the activities of off duty employees that occur away from the work site, even if those activities ultimately lead to a...
Illinois to Subsidize Health Insurance for Laid Off Small Business Workers
Jun 22 2009 // Gov. Pat Quinn has signed legislation designed to make health insurance coverage for workers laid off from small businesses more affordable. Under federal legislation, people who formerly worked at firms of 20 employees or...
Employers Holdings To Be Added to S&P 600
Jun 19 2009 // Reno, Nev.-based Employers Holdings Inc. announced Standard & Poor’s will add it to the S&P 600 SmallCap Index. The S&P 600 is considered the preferred small capitalization-market index in the United...
Lower Premiums Cut Total Cost of Risk for Commercial Insureds by 9.4%
Jun 19 2009 // Despite the economic turmoil and the second worst year for insured natural catastrophe losses, the total cost of risk paid by businesses dropped in 2008 by 9.4 percent per $1,000 of revenue. The drop was largely...
Ohio High Court: Employer not Eligible for Work Comp Benefits Refund
Jun 17 2009 // The Supreme Court of Ohio has ruled that a double dismissal of a workers’ compensation appeal does not entitle an employer to a refund of compensation benefits from the state. Specifically, according to the Ohio high...
Illinois Employer Shut Down for Lack of Workers’ Comp Insurance
Jun 5 2009 // For the first time, an Illinois business has been closed down for failure to obtain workers¹ compensation insurance. The Illinois Workers’ Compensation Commission and the City of Evanston shut down All Good Dogs Pet...
Oklahoma AG: Law Allowing Guns in Vehicles at Workplaces Will Stand
May 22 2009 // A 10th Circuit Court of Appeals ruling that allows Oklahomans to store firearms in locked vehicles parked on company property will stand after the filing deadline passed for further legal appeals, Attorney General Drew...
Swiss Re Names Flunger to Head Specialty/Commercial Lines
May 21 2009 // The Swiss Re Group has announced the appointment, effective immediately, of Rudolf Flunger as Head of Insurance & Specialty, the company’s division responsible for commercial insurance, industrial insurance,...
Farmers Promotes Noonan to COO of Business Insurance Unit
May 19 2009 // Simon Noonan, senior vice president and president of Bristol West Holdings Inc., a subsidiary of Farmers Group Inc., has been promoted to chief operating officer of Farmers Business Insurance. Noonan joined Bristol West...
Pandemics in the Workplace
May 18 2009 // How a Flu Pandemic Impacts Workers’ Comp Influenza is nothing new. Seasonal flu epidemics — disease outbreaks with more cases than normal— occur annually killing between 250,000 to 500,000 people...
Texas Small Businesses to See Tax Relief Under Bill Passed by House
May 8 2009 // The Texas House of Representatives has passed a bill that will allow small businesses to claim state franchise tax exemptions for income up to $1 million, at least temporarily. House Bill 4765, joint-authored by Ken Paxton...
Employers Holdings, Inc. Reports $20.9 Million Q1 Net Income
May 7 2009 // Employers Holdings Inc. headquartered in Reno, Nev., reported first quarter 2009 net income of $20.9 million or $0.43 per share compared with $25.5 million or $0.51 per share in the first quarter of 2008, a decrease of...
