Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
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....
Missouri Employers Mutual Assigned ‘A-‘ by Best
Dec 28 2004 // Ratings agency A.M. Best Co. has assigned a financial strength rating of “A-” (excellent) to Missouri Employers Mutual Insurance Co. The rating outlook is stable. The rating reflects Columbia, Mo.-based...
RLI Opens Commercial Auto Unit
Dec 22 2004 // RLI Transportation, a division of RLI Insurance Company, has launched a commercial auto insurance unit. According to RLI Transportation President David Dunn, the new unit will write mono-line commercial auto business with...
Mid-sized Bank Program
Dec 20 2004 // Nuts & Bolts: Venture Programs expanded its banking program with a new package of products from the Hartford Financial Services Group Inc. Hartford’s insurance products will enable the Venture Banking program to...
Ohio Employers to Receive One-Time 20% Discount on Workers’ Comp Premiums
Dec 17 2004 // The Ohio Workers’ Compensation Oversight Commission on Thursday voted to grant Ohio’s private and public employers a one-time 20 percent dividend on their upcoming bills. The decision was based on a...
Okla. Has Record Year for Low Workplace Injury, Illness
Dec 15 2004 // For the second year in a row, Oklahoma workplaces set records for the fewest number of recordable injuries and illness as well as the lowest injury and illness rate, according to the state’s Department of Labor. The...
HSB Unveils Identity Recovery Coverage for Insurers Serving Home Owners, Small Business Market
Dec 15 2004 // The Hartford Steam Boiler Inspection and Insurance Company (HSB) is now offering to insurers identity recovery coverage that combines identity theft insurance with services that help victims restore their credit history...
Hibernia Opens First Texas Commercial Insurance Office
Dec 14 2004 // Hibernia Insurance Agency LLC, the insurance affiliate of Hibernia National Bank, announced the opening of its first Texas commercial insurance office. The office will serve the insurance and risk management needs of...
Competition and Investigations Are Squeezing U.S. Commercial Lines’ Earnings, Report Says
Dec 7 2004 // U.S. insurers will see their 2004 earnings from commercial lines fall as rate increases peak and legal investigations intensify, according to a report published by Standard & Poor’s. The report, titled...
Calif. Releases 2005 User Funding/Fraud/Uninsured Employer & Subsequent Injury Fund Rates
Dec 6 2004 // The California Department of Industrial Relations (DIR) has issued 2005 assessment rates for User Funding, Anti-Fraud Programs, the Uninsured Employer Benefit Trust Fund and the Subsequent Injury Benefit Trust Fund. State...
Small Business Enhancements
Dec 6 2004 // Nuts & Bolts: The Chubb Group of Insurance Cos. is now offering a package of eight key coverages tailored to the needs of small businesses with enhancements to Chubb’s “ForeFront Portfolio.” The...
