Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance
May 30 2007 // Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau...
E&S Carrier Ironshore Approved to Write Commercial Risks in Fla.
May 24 2007 // Bermuda-based Ironshore Insurance Ltd. reports it has been approved to write property, property catastrophe and casualty insurance on an excess and surplus basis for risks in Florida. Ironshore, formed in late 2006, is a...
Business Risk Partners, Praetorian Offer Small-Middle Market D&O
May 23 2007 // Business Risk Partners and Praetorian Financial Group are launching insurance products: Private Accord and Excess Guardian. Private Accord is a directors and officers liability package product for small and middle market...
Editor’s Note: Protecting small businesses
May 21 2007 // Are your customers’ small businesses fully covered with all the insurance they need? Apparently the National Association of Insurance Commissioners (NAIC) had doubts about the extent to which the nation’s small...
Editor’s Note: Small businesses not always adequately covered . . .
May 21 2007 // The recent tornadoes, heavy rains and subsequent flooding that hit a good part of the Midwest in May remind all of us about insurance coverage issues. For many the reminder is about purchasing flood insurance for your...
Calif. court limits employers’ liability in workers’ comp
May 21 2007 // The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five...
N.J. Charges Health Insurer with Alleged Steering of Small Businesses
May 21 2007 // The New Jersey Department of Banking and Insurance (DOBI) has filed an administrative order alleging CIGNA HealthCare of New Jersey and an affiliate, Connecticut General Life Insurance Co., failed to properly notify 2,123...
Bill Would Expand Okla. Small Business Insurance Plan
May 21 2007 // A bill vastly expanding the number of small businesses that qualify for a health insurance subsidy program is nearing floor action in the Oklahoma Legislature, a key lawmaker said recently. Gov. Brad Henry’s...
Calif. court limits employers’ liability in workers’ comp
May 21 2007 // The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five...
U.S. Chamber: ‘Broken Lawsuit System’ Hurts Small Businesses
May 18 2007 // The tort system in the United States cost small businesses $98 billion in 2005, with the fear of lawsuits altering the way the small business owners make decisions, according to studies released at a Congressional hearing...
Study: Financial Executives Expect Business Risks to Persist, Intensify
May 18 2007 // Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through...
Bank of America Eyes Sale of Commercial Insurance Brokerage Unit
May 16 2007 // Bank of America said it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its commercial insurance brokerage business, Banc of America Corporate Insurance...
Demetriou Group Adds Stanzione as Commercial Lines Director
May 16 2007 // Lou Stanzione has joined wholesale broker The Demetriou Group as director of commercial lines. Stanzione brings a decade of wholesale brokerage experience from Zaloom Associates where he began as marketing vice president...
Employers Holdings Announces $75 Million Stock Repurchase Plan
May 11 2007 // The Board of Directors of Employers Holdings Inc. based in Reno, Nev., has authorized a stock repurchase program for up to $75 million of the company’s common stock. The company expects the shares to be purchased...
Calif. Supreme Court Limits Employers’ Liability in Workers’ Comp
May 9 2007 // The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five...
Ark-La-Tex Underwriters Hires Weego in Commercial Lines Division
May 9 2007 // Louisiana-based wholesaler/managing general agency Ark-La-Tex Underwriters Inc. announced that Chris Weego has joined the firm as a commercial underwriter/marketer. Weego is experienced and has good knowledge of the...
State Auto Middle Market Entering Texas; Ladner Named VP
May 8 2007 // State Auto Insurance Companies announced that its State Auto Middle Market Insurance (SAMMI) unit is coming to Texas. Industry veteran Gerald F. Ladner will lead the group in the state as vice president of SAMMI’s...
Employers Holding to Report Q1 Results on May 15
May 8 2007 // Reno, Nev.-based Employers Holdings Inc., a workers’ compensation insurance provider, will announce its first quarter 2007 financial results during a conference call and Web cast on Tuesday, May 15, at 10:30 a.m....
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
