Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
ACE Europe Launches Insurance, Risk Management for Mid-size Firms
Jan 27 2009 // ACE Europe has announced the launch of “ACE Evolve,” which it describes as a “coordinated insurance and risk management solution for mid-sized companies with overseas subsidiaries or assets. ACE Evolve...
Texas Lawmaker Proposes More Tax Exemptions for Small Businesses
Jan 27 2009 // Texas State Rep. Brandon Creighton has filed HB 720 to give more small businesses an exemption from the state business tax. Current law exempts businesses with revenue under $300,000 and gives discounts to those who make...
Study: Recession Pressuring Middle Market to Value Price Over Service
Jan 26 2009 // As the U.S. economic slowdown deepens, middle-market companies are reassessing their relationships with insurance brokers and adopting a more bottom-line approach to securing insurance coverage. Historically, middle-market...
Employers Holdings Reducing Staff By 14%
Jan 23 2009 // Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small- and medium-sized businesses, announced a strategic...
Liberty Mutual Drops Direct Sales to Middle Market Businesses; Puts Faith in Independent Agents
Jan 22 2009 // Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Since it couldn’t beat independent agents and brokers — who dominate sales in this segment —...
Survey: Small Businesses Plan for Contingency; Expect Cutbacks in 2009
Jan 22 2009 // Many small business owners say that they’re prepared to eliminate some positions or reduce the number of hours employees work as part of their contingency planning for 2009, according to a recent survey. Almost half...
Bill Would Add Oklahoma Small Businesses to Do Not Call List
Jan 20 2009 // Oklahoma House of Representatives Democratic Leader Danny Morgan, D-Prague, filed a bill that he says will help small businesses reduce costs by adding Oklahoma businesses to the state’s Do Not Call...
Insurance Industry Sees Commercial Airlines as Safe
Jan 16 2009 // With the world’s attention focused on the US Airways Airbus emergency landing in the Hudson River and the successful rescue of passengers, the insurance industry points out that the commercial airlines industry has a...
Michigan Businesses Oppose Mandatory Workplace Rules
Jan 14 2009 // Business groups want to halt efforts to adopt mandatory workplace ergonomics standards in Michigan. Commissions set up by state regulators are scheduled to take preliminary but key votes on potential rules next week. A...
North Carolina Workplace Fatalities Rise as Economy Slows
Jan 13 2009 // Workplace deaths in North Carolina rose in 2008 after three years of declines, and officials worry that the nation’s sagging economy is partly to blame. Preliminary data provided by the North Carolina Department of...
Florida High Court Nixes Business Liability Waivers Affecting Children
Jan 11 2009 // The Florida Supreme Court has ruled that a parent can’t execute an injury liability waiver for a minor child when the liability release involves participation in a commercial, as opposed to community or nonprofit,...
New Employment Laws, Power Shift in Washington May Increase the Risk of Workplace Charges
Jan 11 2009 // What Insurance Professionals Need to Know to Protect Their Commercial Clients As the economy continues to falter and a new Administration takes over in Washington, the workplace is being seeded with new legal hazards for...
Advisen Predicts Hardening of Commercial Insurance in Late 2009
Dec 31 2008 // The commercial insurance market cycle is close to its bottom and general commercial insurance prices will begin increasing by the fourth quarter of 2009 or the first quarter of 2010, according to a consultant to the global...
Workplace Injury Rates Lower for Foreign-born Workers, Study Finds
Dec 24 2008 // A new study funded by U.S. National Institute for Occupational Safety and Health says that foreign-born workers reported a lower rate of non-fatal work-related injuries than U.S.-born workers, based on data collected from...
Zurich Gaining Commercial Insurance Clients Away from Rivals
Dec 22 2008 // Swiss insurer Zurich Financial Services Group is drawing U.S. commercial clients away from financially beleaguered rivals, a company executive for North America said on Friday. “We have seen higher submissions and...
Florida High Court Nixes Business Liability Waivers Affecting Children
Dec 18 2008 // The Florida Supreme Court has ruled that a parent can’t execute an injury liability waiver for a minor child when the liability release involves participation in a commercial, as opposed to community or nonprofit,...
Alabama Small Businesses Providing Health Insurance Get Tax Break
Dec 18 2008 // A tax break that takes effect for many Alabama small businesses on Jan. 1 is being implemented by state tax officials to cover as many companies as possible. State Revenue Commissioner Tim Russell said his department is...
Commercial Insurance Prices Dropped 4% in Q3, Reports Towers Perrin
Dec 17 2008 // Commercial insurance prices dropped four percent during the third quarter of 2008 compared to the same quarter a year ago, according to Tower Perrin’s most recent commercial lines insurance pricing and profitability...
OnPoint Underwriting To Acquire Commercial Insurance Services
Dec 17 2008 // Atlanta-based OnPoint Underwriting has acquired the assets of Commercial Insurance Services, based in Greenwood Village, Colo. Terms of the transaction were not disclosed. Commercial Insurance Services is led by Bob...
Thoits Insurance Promotes Hudson to Commercial Lines Manager
Dec 12 2008 // San Jose, Calif.-based Thoits Insurance Service Inc has promoted Shanel Hudson to commercial lines manager. She will manage the commercial lines support units for Select, Risk Management and Programs. Shanel joined Thoits...
