Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Aon Launches New Global Specialty Business Unit
Dec 2 2008 // Following the closing of its acquisition of the UK-based Benfield Group, Aon has announced that it has created a new global specialty business unit – Aon Specialty. The bulletin described the new operation as...
Texas Mutual, NFIB Partnership Pays Dividends for Small Businesses
Nov 25 2008 // Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers. The group has earned more than $542,000 in dividends since 2007,...
Reynolds Joins Willis as Commercial Property Advisor
Nov 20 2008 // Willis Group Holdings announced the appointment of Philip Reynolds as an advisor to its Property Investors Division. Starting in 1995, he “created and built the Royal & SunAlliance (RSA) Property Investors Unit...
Treasury Turns Attention to Credit Needs of Small Businesses
Nov 20 2008 // The Treasury Department said it is working with the Federal Reserve on a plan to make access to credit easier for small businesses. Maintaining that illiquidity in the asset-backed securitization market is affecting the...
Atlas Insurance Appoints Hodson VP of Commercial Lines Division
Nov 19 2008 // Honolulu-based Atlas Insurance Agency Inc. has appointed Sharon Hodson as vice president in its Commercial Lines division. Hodson will be responsible for managing the company’s independent agent workforce in that...
Brown & Brown Acquires Small Business Unit of N.J.’s Conner Strong
Nov 18 2008 // Florida- based Brown & Brown, Inc. said it it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey. The small business insurance...
Scorecard: Small Business at the Supreme Court
Nov 16 2008 // There is no question that the U.S. Supreme Court’s decisions impact small business. In fact, studies have shown that more than 40 percent of the court’s cases deal with issues that directly affect the business...
Employers Appoints Harris to VP of Operations for Strategic Markets Region
Nov 13 2008 // Reno, Nev.-based Employers announced the appointment of Regina Harris to vice president of operations for its Strategic Markets Region. Harris, who has more than 22 years of insurance experience, began her career as a...
Main Street America Introduces New Commercial Auto Endorsement
Nov 13 2008 // The Main Street America Group introduced a new commercial auto endorsement — Commercial Auto Elite — available nationwide. The endorsement complements the super regional property/casualty insurance...
Workplace Deaths in Iowa Rise in 2007
Nov 10 2008 // The number of people killed on the job in Iowa is up. According to a preliminary report by the U.S. Department of Labor, 88 people died in work-related accidents in 2007. That’s an increase of 17 over 2006. The...
West Virginia Workplace Fatalities Down 23 Percent
Nov 7 2008 // Workplace fatalities are declining in West Virginia, according to preliminary federal figures released Nov. 5. The numbers show a nearly 23 percent decline in workplace deaths between 2006 and 2007, the U.S. Department of...
Employers Holdings Acquires AmCOMP
Nov 3 2008 // Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance specializing in small businesses, has acquired AmCOMP Inc. in a...
Letter to the Editor: Employers Can Help to Increase Professionalism
Nov 2 2008 // I read Christopher J. Boggs’ commentary, “AIG Crisis Highlights the Need for Insurance Professionalism” (see page N40) and I would like to voice agreement with certain of his assertions and strongly...
IMA of Colorado Appoints Harvath Commercial Lines Division Manager
Oct 31 2008 // IMA of Colorado Inc. has announced that Sandy Harvath has been promoted to Commercial Lines Division manager. Harvath has been with IMA since 2003, most recently serving as an account executive for IMA’s Construction...
Florida-based AmCOMP Gets Approval to Merge with Employers
Oct 30 2008 // North Palm Beach, Fla.-based AmCOMP Inc. received stockholder approval for Employers Holdings Inc. to acquire AmCOMP. Approval required a vote of at least a majority of AmCOMP’s outstanding shares of common stock. Of...
Tennessee’s Appalachian Underwriters Acquires Business Insurance Center
Oct 29 2008 // Oak Ridge, Tenn.-based Appalachian Underwriters Inc. acquired the business insurance center assets of NFIB, from MSC Insurance Agency of Tennessee LLC. NFIB is a small business association representing small and...
Texas Nonfatal Workplace Injury/Illness Rate at 5-Year Low in 2007
Oct 29 2008 // A total of 252,784 nonfatal injuries and illnesses were reported by private industry workplaces in Texas during 2007, the Texas Department of Insurance reported. The resulting rate of 3.4 cases per 100 equivalent full-time...
Employers To Report Q3 Earnings in Conference Call
Oct 27 2008 // Reno, Nev.-based Employers Holdings Inc., a provider of workers’ compensation insurance to small, U.S. businesses, will review the company’s third quarter 2008 financial results during a conference call and Web...
How Employers, Agencies Are Responding to the Financial Crisis
Oct 24 2008 // As the impact of the global economic crisis takes hold, a quarter of large U.S. employers expect to make layoffs in the next 12 months. However, most companies are focusing on increased employee communication and smaller...
BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms
Oct 23 2008 // Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining....
