Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
CNA Names Small Business Unit Managers
Nov 20 2003 // Chicago-based commercial insurer CNA recently announced that Paul Nhem and Tom Gill will become partnering managers of its dedicated small business program unit. Nhem and Gill will partner with agencies to generate and...
Policy Options and Offerings are Major Issues for Mid-Size Manufacturers
Nov 17 2003 // Coverage options and product offerings, rather than price, are the most important factors for middle market manufacturers when they go looking for insurance to cover their businesses. At least that’s the conclusion...
Policy Options and Offerings are Major Issues for Mid-Size Manufacturers
Nov 17 2003 // Coverage options and product offerings, rather than price, are the most important factors for middle market manufacturers when they go looking for insurance to cover their businesses. At least that’s the conclusion...
Numbers of Fla. Workplace Fatalities Drops in 2002
Nov 14 2003 // According to a joint federal and state survey, Florida workplaces had 4 percent fewer fatal accidents in 2002 than the previous year. The Census of Fatal Occupational Injuries (CFOI), conducted annually by the Department...
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...
