Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
ISO to Provide Kentucky Employers Mutual Insurance Data-Reporting Services for Workers’ Comp
Nov 12 2003 // Insurance Services Office, Inc. (ISO) has entered into an outsourcing agreement with Kentucky Employers Mutual Insurance (KEMI) to collect the insurer’s workers’ compensation data. ISO will collect KEMI’s...
Commercial Liability Coverage Available in N.Y., But Reportedly Costly, Particularly for Contractors
Nov 10 2003 // While more costly for many New York businesses, commercial liability insurance is widely available throughout New York State, according to the New York Insurance Association (NYIA). Addressing a hearing before the New York...
PIANY President to Testify at Hearings on Contractors’ Commercial Liability Coverage
Nov 7 2003 // Professional Insurance Agents of New York State Inc. President, T.J. Derella, CPIA, and president of Kingstar Co. of Kingston, N.Y. is scheduled to testify today on the need for the New York Property Insurance Underwriting...
Alliance: Ohio Top Court Gets It Right on Commercial Auto Cover
Nov 6 2003 // A decision by the Ohio Supreme Court to overturn its own previous ruling on commercial auto insurance coverage has finally corrected an injustice in the legal system, according to the Alliance of American Insurers. The...
ACORD, MBA Release New Form: “Evidence of Commercial Property Insurance”
Nov 5 2003 // The Association for Cooperative Operations Research and Development (ACORD) and the Mortgage Bankers Association (MBA) have announced the finalization and release of ACORD Form 28, “Evidence of Commercial Property...
Calif. Workplace Fatalities Decline by 8% in 2002
Nov 3 2003 // The number of workplace fatalities in California declined by 8 percent in 2002 according to the Department of Industrial Relation’s (DIR) Division of Labor Statistics and Research. The number of workers who died on...
Motor Truck Cargo & Commercial Auto Physical Damage
Nov 3 2003 // Nuts & Bolts: Cascade-Amstar has available a program for motor truck cargo and commercial auto physical damage. Appointed brokers have immediate access; others must call for an appointment. Market offers on hook...
Commercial Risk Re Downgraded
Nov 3 2003 // A.M. Best has downgraded the financial strength ratings to “B+” (very good) from “B++” (very good) of Commercial Risk Reinsurance Co. Ltd., based in Bermuda, and its U.S. subsidiary in Vermont,...
Poe Financial Group’s Commercial Division Hits $100 Million Mark
Oct 31 2003 // Florida-based Southern Family Insurance Company, a member of the Poe Financial Group, announced that as of Oct. 20, it reached the $100 million mark in annualized Commercial Property premium. The total combined annualized...
St. Paul Opens Colorado Springs Service Center For Small Business Accounts
Oct 31 2003 // As part of The St. Paul Companies’ continued expansion into the small business insurance marketplace, the company announced recently the opening of a Commercial Service Center for its small business customers and...
NYSID to Hold Public Hearings on Commercial Liability Markets
Oct 29 2003 // Superintendent of Insurance Gregory V. Serio announced that the New York State Insurance Department will hold public hearings around the state to determine whether he will require the New York Property Insurance...
The Seibels Bruce Group Receives Approval to Resume Writing New Commercial Lines Business in Tenn.
Oct 24 2003 // The Seibels Bruce Group, Inc. has received approval from the Tennessee Department of Insurance allowing subsidiary Catawba Insurance Company (CIC) to resume writing new risk-bearing commercial lines business in Tennessee....
Mo. WC Tax Cut to Save Employers $12 Million
Oct 23 2003 // Missouri Gov. Bob Holden announced that the administrative tax on Missouri workers’ compensation insurance premiums will drop 50 percent in 2004, saving employers more than $12 million. The administrative tax will...
Small Business Owners Policy
Oct 20 2003 // Nuts & Bolts: Cascade/Amstar has available a market for small business owners policy. Endorsements—Many extensions of coverage including business income on an actual loss sustained, accounts receivable, valuable...
Safeco Plans Use of New Business Automation
Oct 10 2003 // In a major enhancement to its point-of-sale automation, Seattle-based Safeco has unveiled plans for a single, unified web-based technology platform that will reportedly make it faster and easier for independent...
BOPs, The Small Business Shield
Oct 6 2003 // Like a fine wine, BOPs seem to be getting better with age. Long the marketplace standard of property and liability insurance for small businesses, BOPs, known more formally as Business Owners Package policies, have...
BOPs, The Small Business Shield
Oct 6 2003 // Like a fine wine, BOPs seem to be getting better with age. Long the marketplace standard of property and liability insurance for small businesses, BOPs, known more formally as Business Owners Package policies, have...
Employers, Fremont Report Q2 2003 Results
Sep 30 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly-owned subsidiary Fremont Employers Insurance Company (“FEIC”) (collectively “the Company”), leading...
IWIF, MERVO Partnership Increases Workplace Safety Training for Students
Sep 16 2003 // In an effort to reduce workplace injuries among Maryland teens the Injured Workers’ Insurance Fund, the state’s largest workers’ compensation insurance company, developed a teacher’s guide called:...
Landmark WC Legislation to Provide Relief for Calif. Employers
Sep 11 2003 // Calif. Insurance Commissioner John Garamendi said that legislation crafted by the Workers’ Compensation Conference Committee will bring stability to the market and is an “outstanding” first step toward...
