Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Best Lowers Outlook for Employers Re Group, Westport, First Specialty to Negative
Nov 3 2004 // A.M. Best Co. announced that it has revised the rating outlook to negative from stable on the “A” (Excellent) financial strength ratings for Employers Reinsurance Corporation of Overland Park, Kan. and GE...
B&W to Discontinue Small Business WC Product
Oct 26 2004 // Baldwin & Lyons, Inc. announced that its Indiana-based Sagamore Insurance Company subsidiary will no longer market and underwrite workers’ compensation coverage for small businesses. “This product line,...
Employers Re Affirmed
Oct 25 2004 // Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on Employers Reinsurance Corp. and affiliated insurance/reinsurance entities (collectively...
Small Businesses Struggle to Stay Afloat in Hawaii’s Tumultuous Workers’ Comp Market
Oct 25 2004 // The issues surrounding Hawaii’s workers’ compensation system have been a topic of debate for agents, brokers, politicians and small businesses over the past several months as reform attempts to fix the troubled...
Progressive Now Offering Commercial Auto in N.H.
Oct 22 2004 // As previously reported by Insurance Journal, The Progressive group of companies has begun offering commercial auto coverages in New Hampshire through more than 200 agents. The product is being marketing under its new Drive...
Illion to Lead CNA Small Business Unit
Oct 21 2004 // Chicago-based CNA Financial Corp. announced that Larry Illion has joined CNA insurance companies as senior vice president of CNA Small Business, a $650-million business operation. Prior to joining CNA, Illion worked for...
Minn. Gov. Asks for Commercial Insurance Review
Oct 21 2004 // Citing concerns that Minnesota businesses and their employees may have been affected by alleged “bid rigging,” Gov. Tim Pawlenty has asked Commerce Commissioner Glenn Wilson to review the relationship between...
W. Va. WCC Files Injunctions Against Employers
Oct 19 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against two state employers whose accounts with the Commission are reportedly in default. The injunctions were filed in Kanawha County...
Myron Steves Adds Zurich NA Small Business
Oct 13 2004 // Houston-based Myron F. Steves & Company announced an expansion of its Commercial Standard Lines department. Zurich North America Small Business has been added as a part of the group of companies currently...
Texas Employers, Medical Providers Join Forces to Fix Workers’ Comp System
Oct 13 2004 // Texas’ workers’ compensation system is one of the worst in the nation with skyrocketing costs, mediocre care and a poor record of getting workers back on the job, according to Texans for Workers’...
HURRICANES PROVE COMMERCIAL INSURANCE’S VALUE:
Oct 11 2004 // Business owners who debate the need for insurance coverage have learned an invaluable lesson from hurricanes Charley and Frances, according to the Property Casualty Insurers Association of America (PCI). In the aftermath...
FLORIDA WORKPLACE FATALITIES FALL IN 2003:
Oct 11 2004 // According to a joint federal and state survey, Florida workplaces had seven fewer fatal accidents in 2003 than the previous year, including a decrease in the number of Hispanic workers killed. The Census of Fatal...
AIG Excess Casualty Introduces New Broker Initiative for Commercial Umbrella Producers
Oct 7 2004 // AIG Excess Casualty(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced the launch of AIG ExcessAdvantage, described as “a new program designed to...
Haniewich Leaves Ohio Casualty’s Commercial Lines Division as Executive VP, COO
Oct 1 2004 // Insurer Ohio Casualty Corp. announced that Jeffery L. Haniewich, executive vice president and chief operating officer of the commercial lines division of the Ohio Casualty Insurance Co., has left to pursue other career...
Fla. Workplace Fatalities Fall in 2003
Sep 24 2004 // According to a joint federal and state survey, Florida workplaces had seven fewer fatal accidents in 2003 than the previous year, including a decrease in the number of Hispanic workers killed. The Census of Fatal...
S&P Affirms Employers Re ‘A+’ Ratings
Sep 21 2004 //
Mass. Approves Commercial Auto Market Reforms
Sep 20 2004 // Massachusetts Insurance Commissioner Julianne Bowler has approved plans to implement a limited servicing carrier program for the state’s commercial auto residual market as proposed by Commonwealth Auto Reinsurers...
Commercial Property
Sep 20 2004 // Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. The underwriting of this specialized...
‘Chicago’ Magazine Names Chubb a Top Employer
Sep 16 2004 // Chicago magazine has ranked the commercial lines carrier Chubb Group of Insurance Cos. No. 2 out of the top 25 places to work in Chicago. The magazine determined the 25 best employers in Chicago with the help of the...
Zurich Names Lindemann Middle Markets President
Sep 14 2004 // Schaumburg, Ill.-based Zurich has named Robert Lindemann president of the middle markets business unit of its North American commercial business division. Lindemann brings 29 years of commercial insurance experience with...
