Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Travelers Assists Employers Offering Auto, Home Insurance Benefit from Multiple Carriers
Mar 7 2005 // Travelers is making it easier for companies with more than 5,000 employees to offer a choice of providers for auto and homeowners insurance through payroll deduction. A member of St. Paul Travelers, Travelers has dedicated...
COURT SLAPS SCOFFLAW EMPLOYERS:
Mar 7 2005 // New York State’s highest court has ruled that employers that fail to purchase workers’ compensation coverage cannot use the workers’ comp law as protection against being sued. In reversing a lower court...
IBC Reports 2004 Financials for Auto, Home and Business Insurance Companies
Mar 1 2005 // Insurance Bureau of Canada (IBC) recently announced estimated 2004 financial results for Canada’s home, auto and business insurance companies. Industry data indicate that in 2004, the industry’s 206 companies...
N.Y. Court Rules ‘No Pay, No Protection’ from Suits Under Workers’ Comp Law for Scofflaw Employers
Feb 24 2005 // New York State’s highest court has ruled that employers that fail to purchase workers compensation coverage cannot hide behind the workers’ compensation protection against being sued by employees. In reversing...
Calif. Small Business Owners Optimistic About Growth, UBOC Survey Says
Feb 23 2005 // Almost 71 percent of California small business owners polled are expecting 2005 to be an overall better year than 2004, according to the fifth annual statewide survey released today by Union Bank of California, N.A. The...
Report: Association Plans Could Harm Small Business
Feb 22 2005 // A new report titled, “Association Health Plans — A Step Backward for Small Employers and Consumers,” maintains that federal Association Health Plan legislation would have devastating consequences for small...
Commercial Insurance Posts Full Year in Soft Market, RIMS Survey Reveals
Feb 21 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
Ledbetter Confirmed as TWCC Employer Commissioner
Feb 17 2005 // The Texas Workers’ Compensation Commission reported the Texas Senate has confirmed William A. Ledbetter, Jr. to serve as an Employer Commissioner of the TWCC. Gov. Rick Perry appointed Ledbetter to the Commission in...
Commercial Insurance Posts Full Year in Soft Market, Reports RIMS Benchmark Survey
Feb 7 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
COMMERCIAL AUTO RESULTS TAKE U-TURN
Jan 24 2005 // Commercial auto underwriting results took a U-turn in the right direction from 1999 to 2003, according to a new study by Conning Research and Consulting Inc. The study, Commercial Automobile Markets: Solid Sectors, Worthy...
Employers Must Post Injuries Starting Feb. 1
Jan 17 2005 // Beginning Feb. 1, employers must post a summary of the total number of job-related injuries and illnesses that occurred last year, the Occupational Safety and Health Administration recently noted. Employers are only...
Ohio Casualty Appoints Sullivan to Commercial Lines Division
Jan 11 2005 // The Ohio Casualty Insurance Company announced that Michael (Mike) Sullivan, 41, has been named senior vice president of the Commercial Lines Division, effective immediately. Ohio Casualty Corporation is the holding company...
Minn. Workplace Injuries Drop 8.3%
Jan 7 2005 // A recent Minnesota workplace survey shows the state’s injury and illness rate decreased by 8.3 percent in 2003, according to the state’s Department of Labor and Industry. A total of 111,600 nonfatal workplace...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
Employers Re on CreditWatch Negative
Jan 3 2005 // Standard & Poor’s Ratings Services placed its “A+” counterparty credit and financial strength ratings on Employers Reinsurance Corp., “A-” counterparty credit rating on GE Insurance...
Employees Resist as Employers Push Health Savings Accounts
Jan 3 2005 // New types of tax-advantaged account-based health plans, culminating in the health savings accounts created by Congress last year, could result in major changes to America’s health care financing and delivery systems,...
Mid-Size Brokers Hope to Gain From Industry Stumbles
Jan 3 2005 // While the contingent commissions controversy has been roiling the upper decks of the insurance industry, mid-size brokers and carriers could benefit from increased disclosure, heightened professionalism among its ranks,...
OHIO EMPLOYERS TO GET 1-TIME 20% COMP DISCOUNT:
Jan 3 2005 // The Ohio Workers’ Compensation Oversight Commission voted to grant employers a one-time 20 percent dividend on their upcoming bills. The 20 percent dividend reportedly means a savings of more than $61 million for...
Mid-sized Bank Program
Jan 3 2005 // Nuts & Bolts: Venture Programs expanded its banking program with a new package of products from The Hartford Financial Services Group Inc. designed for banks and credit unions with less than $2 billion in assets,...
Texas, Oklahoma Enjoy Lower Workplace Injury, Illness Rates
Jan 3 2005 // For the second year in a row, Oklahoma workplaces set records for lower numbers of recordable injuries and illnesses, as well as lower injury and illness rates, according to the state’s Department of Labor....
