Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Small Business Owners Unfamiliar With Risks in Self-Insured Groups’ Workers’ Comp Insurance
Oct 10 2008 // Small business owners are not fully aware of the financial risks involved in obtaining workers’ compensation insurance through self-insured groups, according to the results of the most recent Small Business Opinion...
State Auto Middle Market Adds Blackmon as New Vice President
Oct 8 2008 // Ben Blackmon has been named zone vice president of the State Auto Middle Market Insurance (SAMMI) Midwest Zone office in Naperville in suburban Chicago. Blackmon began his insurance career as an independent insurance agent...
Kentucky Employers’ Mutual Lowers Workers’ Comp Rates
Oct 7 2008 // Kentucky Employers’ Mutual Insurance, a workers’ compensation insurance provider, lowered its rates for numerous industries throughout the state. The rate reduction amounts to 6.7 percent overall and will...
AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units
Oct 3 2008 // American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities...
ICW Group Enters Small Business Market
Oct 2 2008 // ICW Group, a group of insurance companies, has entered the small business market for workers’ compensation insurance. Comprehensive coverage and claims services is available in more than 40 small business categories,...
R.I.-Based Commercial Insurer FM Global Revamps Top Management
Oct 2 2008 // FM Global, one of the world’s largest commercial property insurers, has made numerous promotions and reassignments within its senior management team that are to become effective Jan. 1, 2009. Brian J. Hurley,...
Supreme Court on Small Business
Sep 22 2008 // There is no question that U.S. Supreme Court’s decisions impact small business. More than 40 percent of the court’s cases directly affect the business community, including employment, civil rights, insurance,...
Scorecard: Small Business at the Supreme Court
Sep 22 2008 // There is no question that the U.S. Supreme Court’s decisions impact small business. Studies have shown that more than 40 percent of the Court’s cases deal with issues that directly affect the business...
Pennsylvania Businesses with Workplace Safety Plans Save $300M
Sep 12 2008 // Pennsylvania businesses have saved more than $300 million thanks to a program that allows workplaces to save five percent annually on workers’ compensation insurance premiums, according to the state. Businesses...
Florida Gov. Appoints 5 to Public Task Force on Workplace Safety
Sep 9 2008 // Florida Gov. Charlie Crist appointed five members to the state’s newly created Public Task Force on Workplace Safety. All of the following are appointed for terms beginning Sept. 4 and ending Jan. 1, 2009: •...
Workers’ Comp Loss Costs in Kentucky Good News for Employers
Sep 8 2008 // A 2008 filing most insurance carriers will use to develop rates for workers’ compensation coverage shows the third straight decrease in loss costs, Department of Insurance Commissioner Sharon P. Clark announced. The...
Report: Claims Associated with Violence in the Workplace on Decline
Sep 3 2008 // The National Council on Compensation Insurance released its fourth analysis in a series of reports on workplace violence. The report provides updated data based on the latest available information from the U.S. Bureau of...
U.S. Commercial Lines Outlook Revised To Negative From Stable
Sep 1 2008 // Standard & Poor’s Ratings Services revised its outlook on the U.S. commercial lines property/casualty insurance sector to negative from stable. Standard & Poor’s credit analyst John Iten explained...
Bush Administration Wants More Notice on Workplace Hazard Rules
Aug 29 2008 // The Bush administration is proposing that workplace hazard standards be subject to more public and expert scrutiny before being adopted. Critics say the proposals could make it harder to limit worker exposure to...
Employers Holdings Amends Merger Deal with AmCOMP over Florida Refunds
Aug 29 2008 // Reno, Nev.-based Employers Holdings Inc. has agreed to an amendment to the terms of its pending acquisition of AmCOMP Inc. that accounts for a regulatory ruling requiring policyholder refunds in Florida. In connection with...
How to Become the Local Employer of Choice
Aug 21 2008 // About two-thirds of companies do no planning for workforce issues at all. Quickly rising and about to strike, the tidal wave of demographic pressure in the U.S. is a formidable threat to the health of American business....
Washington Raises Workers’ Comp Benefits, Pays Dividend to Employers
Aug 21 2008 // Workers currently receiving Washington workers’ compensation wage-replacement or pension benefits will receive a 5.018 percent cost-of-living increase, according to the state Department of Labor and Industries...
Employers Holdings Reports Second Quarter Results
Aug 18 2008 // Reno, Nev.-based Employers Holdings Inc. reported results for the second quarter ended June 30, 2008. Second quarter consolidated net income was $27.4 million or $0.55 per share in 2008 compared to $30.8 million or $0.58...
Small Business Administration Disaster Loan Centers Closing in Wisconsin
Aug 15 2008 // The U.S. Small Business Administration (SBA) says it will close disaster loan centers in Lancaster, Portage and Janesville, Wis. on Friday, Aug. 15. The SBA is urging homeowners, renters, businesses and nonprofit...
S&P: U.S. Commercial Lines Outlook Revised To Negative From Stable
Aug 14 2008 // Standard & Poor’s Ratings Services revised its outlook on the U.S. commercial lines property/casualty insurance sector to negative from stable. Standard & Poor’s credit analyst John Iten explained...
