Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Small Business Groups Get Big Dividends from Texas Mutual
Dec 13 2007 // Texas Mutual Insurance Company reported $684,997 in dividends to the National Federation of Independent Business (NFIB) workers’ compensation purchasing groups. The dividends were based largely on the groups’...
AmTrust Agrees to Acquire Unitrin’s Business Insurance Unit
Dec 10 2007 // Unitrin, Inc. reports it has worked out an agreement to sell its Unitrin Business Insurance unit to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed. Unitrin had previously announced in...
Texas Unemployment Insurance Rate Cut Should Save Employers $270M
Dec 10 2007 // A state agency said it cut the unemployment-insurance tax rate, which will save Texas employers $270 million next year. The rate cut was due to low recent jobless rates and the Legislature’s decision to eliminate a...
Employer Organization Insolvent, Could Affect Up To 3,000 N.C. Jobs
Dec 5 2007 // North Carolina Insurance Department officials denied an ongoing licensure request of Castleton Group Inc., a professional employer organization based in Raleigh, “due to its hazardous financial condition.” The...
OSHA Rules Employers Must Pay for Workers’ Safety Equipment
Dec 2 2007 // Employers will have to pay the full cost for almost all personal safety equipment used by their workers, the Labor Department said recently, a move advocates say will prevent thousands of on-the-job injuries. The...
S&P: Softening Prices Should Start To Affect U.S. Commercial Lines Insurers
Nov 30 2007 // Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings...
NAS Insurance Services Offers EPLI for Small Businesses
Nov 28 2007 // Encino, Calif.-based NAS Insurance Services has a new small business employment practices liability insurance coverage (for companies with 10 full time employees or less) featuring higher commissions. This new EPLI...
Zurich Adds 100 Small Business Workers’ Comp Classifications
Nov 28 2007 // Zurich North America announced it has added 100 monoline workers’ comp business classifications to its coverage offerings. Most of the new classes are for light manufacturing, wholesale and service company risks. The...
Employers Holdings Reports Net Income of $29.9 Million in Q3
Nov 20 2007 // Reno, Nev.-based Employers Holdings Inc. reported results for the third quarter and nine months ended Sept. 30, 2007. Consolidated net income was $29.9 million, or $0.58 per share, for the third quarter of 2007, compared...
OSHA Rules Employers Must Pay Cost of Workers’ Safety Equipment
Nov 19 2007 // Employers will have to pay the full cost for almost all personal safety equipment used by their workers, the Labor Department said recently, a move advocates say will prevent thousands of on-the-job injuries. The...
Commercial insurers stock prices, M&A activity flat in third-quarter 2007
Nov 4 2007 // Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent. M&A Activity: The...
Calif. Sees Downward Trend in Workplace Injuries, Accidents
Nov 1 2007 // The California Department of Industrial Relations (DIR) announced that workplace injuries and accidents declined in California in 2006 in all but four of 19 key industries compared to 2005. Overall workplace injuries and...
Harry W. Gorst Promotes Taylor to Commercial Lines Underwriter
Oct 29 2007 // The Harry W. Gorst Co. of Chatsworth, Calif., has promoted LaTanya Taylor to commercial lines underwriter. Taylor began her career in insurance in 1989 at a large California wholesaler, in which she specialized as a tech...
Small businesses should take cover under excess liability coverage
Oct 27 2007 // The insurance buying habits of the typical small commercial customer haven’t changed much in 15 to 20 years, yet the small business owner may be in more need of the added protection given by the purchase of a...
NetRate Systems Introduces ‘Black Box’ Component for ISO Commercial Lines Rating
Oct 26 2007 // Okemos, MI October 26, 2007 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of component objects...
Wallisa to Join State Auto Middle Markets
Oct 25 2007 // Gina Wallisa will be joining State Auto Middle Markets’ (SAMMI) Texas office effective Oct.29, 2007, the company reported. Wallisa will serve as the zone underwriting manager responsible for executing regional...
OneBeacon Enters Indiana Small Business Market
Oct 24 2007 // Canton, Mass.-based One Beacon Insurance Group announced Tuesday that it will begin offering property-casualty products to small-business owners in Indiana through independent agent partners. OneBeacon’s local...
Md. Workplace Fatalities Rises in 2006
Oct 24 2007 // Statistics show the number of fatal work injuries in Maryland rose to 105 last year, an increase of 10 from the year before. The figure also represents the highest annual total since the U.S. Department of Labor’s...
Fewer Iowans Died from Workplace Injuries in 2006
Oct 22 2007 // Fewer Iowans died from workplace injuries in 2006, a year in which 23 percent of work-related deaths involved car crashes, the Department of Labor said Friday. There were 71 fatal work-related injuries last year, a...
The Harry W. Gorst Co. Promotes Babic to Commercial Lines Underwriter
Oct 19 2007 // The Harry W. Gorst Co. based in Chatsworth, Calif., has promoted Sharon Babic to commercial lines underwriter. Babic began her career in insurance in 2003 as an account technician at a retail agency in Woodland Hills,...
