Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
ACE Risk Management Introduces Corporate Risk Solutions for Mid-Sized Companies
Jul 13 2004 // Ace Risk Management, a unit of ACE USA, announced an expansion of its product offerings targeted toward mid-sized companies in the casualty risk financing marketplace through the establishment of specialized teams in each...
A.M. Best: Study Sees Improvement in Canadian Commercial Property Industry
Jul 12 2004 // Commercial property writers in Canada saw better underwriting results for the second consecutive year in 2003, as the line’s net loss ratio decreased about 12.3 points to 49.5 from 61.8 in 2002, according to a study...
Ohio BWC Releases List of Non-Compliant Employers
Jul 9 2004 // In an effort to bring attention to employers that are not paying their workers’ compensation premiums, the Ohio Bureau of Workers’ Compensation (BWC) has released the names of the top 150 Ohio businesses with...
Commercial Auto/Truck Physical Damage
Jul 5 2004 // Nuts & Bolts: Safety Net Insurance Marketing Corporation is offering a new commercial auto/truck physical damage and high value, substandard private passenger physical damage program. Dollars: Up to $1 million...
One of Oregon’s Largest Employers Selects SAIF as Work Comp Carrier
Jul 1 2004 // SAIF Corporation, Oregon’s non-profit workers’ compensation insurance company, announced its newest policyholder, Bear Creek Corporation, Southern Oregon’s largest employer. SAIF will provide...
ClearComp Delivers Evidence-Based Savings for Calif. Employers
Jun 30 2004 // Woodland Hills, Calif.-based ClearComp and Virginia-based e-Triage recently announced an innovative solution that will reportedly reduce workers’ compensation costs. The new service, Claim Navigator, promises to...
Fla. Unveils 2002 Workplace Injuries and Illnesses
Jun 29 2004 // More than 245,000 injuries and illnesses were reported by Florida employers in 2002, according to a joint federal and state survey released this month. In Florida, more than 10,000 employers participated in the joint...
XL Launches Commercial Property Insurance Initiative
Jun 28 2004 // XL Capital Ltd. announced that its insurance operations will provide commercial property insurance capacity of up to $500 million, allowing it to underwrite entire global property programs on a selective basis. XL’s...
HSC: Home Injuries Cost U.S. Employers $38 Billion Annually
Jun 24 2004 // According to the State of Home Safety in America report (2004), a new study released by the Home Safety Council, employers are spending an average of $280 per employee equating to $38 billion a year for injuries suffered...
W. Va. WCC Files Suit Against Employers
Jun 22 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against two state employers whose accounts with the Commission are reportedly in default. Injunctions were filed in Kanawha County...
Commercial Liability With Excess Limits
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...
Commercial Liability with Excess Limits
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Commercial Liability With Excess Limits
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Best Affirms Employers Re, Westport ‘A’ Ratings; Lowers Medical Protective; Revises Outlook to Stable
Jun 16 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Employers Re Corp Group and Westport Insurance Corporation of Jefferson City, Mo. The bulletin noted that the...
New R.I. Law Allows Terrorism Exclusion for Certain Commercial Risks
Jun 14 2004 // A new Rhode Island law allows for a terrorism exclusion from the Standard Fire Policy (SFP) for certain commercial risks. The new law, which became effective last week, amends the state’s Special Commercial Risk...
S&P Reports on P/C Commercial Lines Insurers; Raises Outlook to Stable
Jun 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the U.S. commercial-lines insurance industry to stable from negative “based on the delicate balance now in play between the...
W. Va. WCC Files Suit for More Than $250,000 Against Eight State Employers
Jun 9 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against eight state employers whose accounts with the Commission are reportedly in default. Injunctions were filed in Kanawha County...
Employers Direct Lowers Workers’ Comp Rates Again
Jun 8 2004 // Employers Direct Insurance Company (EDIC) announced another round of workers’ compensation rate reductions for California employers, bringing the total decrease to 20.9 percent from a year ago. The latest rate...
Health Savings Accounts: A New Option for Employers and Consumers
Jun 7 2004 // Florida, like other states, is working to make sure our residents have access to health care insurance. The recent Medicare reforms passed by Congress gave states an important new option: tax-free savings accounts to pay...
Commercial Liability With Excess Limits
Jun 7 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...
