Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
SCOR Continues to Negotiate Sale of Commercial Risk Partners
Aug 4 2003 // As previously announced, SCOR has been negotiating the sale of Commercial Risk Partners (CRP), its Bermuda-based alternative risk reinsurance subsidiary, to a potential purchaser pursuant to a letter of intent executed on...
Employers Mutual Operators Fined $12.5 Million by TDI
Aug 1 2003 // Texas Insurance Commissioner Jose Montemayor levied fines totaling $12.5 million against the operators and chief marketer of a fraudulent health care plan that enrolled approximately 7,200 Texas residents. The unlicensed...
Fireman’s Fund Integrates Farm & Ranch Into Its Small Business Operations
Jul 30 2003 // Fireman’s Fund Insurance Company has integrated Farm & Ranch management into its Small Business operations, which completes a companywide realignment of its agricultural risks. “This management integration...
MBS, Digital Insurance Forge Small Business Alliance
Jul 29 2003 // Alpharetta, Ga.- based MyBenefitSource (MBS), a provider of integrated payroll, benefits and benefits administration services, announced it entered into an alliance with Atlanta-based Digital Insurance Inc., to address...
London American Has Four Markets for Commercial Auto
Jul 25 2003 // London American has available up to four markets for commercial auto in California. Classes include: Contractors, Retailers, Wholesalers and manufacturers. The markets offer light to extra heavy units with local to...
Safeco Makes Commercial Auto Ins. Sales Faster, Easier
Jul 23 2003 // Safeco Business Insurance has expanded its online sales platform to make it faster and easier for agents to sell commercial auto insurance to small businesses. The platform, called ESP(TM), allows agents to quote, bind and...
Penn National Hires New Commercial Lines Territory Manager for N.J.
Jul 21 2003 // Penn National Insurance recently hired Bryce Goodwin as its new commercial lines territory manager in northern New Jersey. “Bryce brings more than 25 years of industry expertise and multi-line knowledge to Penn...
Fla. Dept. Releases Stats on Types, Classes of State Workplace Injuries and Illnesses
Jul 18 2003 // Following a March 2003 announcement on the number of workplace injuries and illnesses that occurred in 2001, the Florida Department of Financial Services released additional statistics this week which further describe...
Zurich North America Unveils FinanceSuite Product Line for Small Business Customers
Jul 18 2003 // Zurich North America announced the launch of the FinanceSuite(tm) product on the Business Finance Center website. The Business Finance Center is an online commercial lending marketplace where the Zurich network of...
EICN, A Mutual Company, and Fremont Employers Insurance Co. Note Q1 Results
Jul 8 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly owned subsidiary Fremont Employers Insurance Company (“FEIC”) (collectively the “Company”), a provider of...
CSC Unveils Software for Small- to Mid-Sized P/C Insurers
Jul 2 2003 // Computer Sciences Corporation has introduced POINT IN, insurance administration software CSC designed for small- to mid-sized property and casualty (P/C) insurers and managing general agents. POINT IN, which is a new...
Best Downgrades Employers Re
Jun 30 2003 // A.M. Best Co. has downgraded the financial strength ratings to “A” (Excellent) from “A+” (Superior) of Overland Park, Kan.-based Employers Reinsurance Corp. and its affiliated domestic and...
Employers Ins. Co. of Nevada Receives Best ‘A-‘ Rating
Jun 24 2003 // Employers Insurance Company of Nevada, A Mutual Company (EICN) announced that it has received an “A- (Excellent)” rating from A.M. Best Company. “Today is an historic day in the continuing evolution of...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing...
Commercial Automobile
Jun 23 2003 // Nuts & Bolts: Builders & Tradesmen’s Insurance Services is offering a program for commercial auto. The program is designed for up to four vehicles and up to 10 drivers. The program will allow vehicles with...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at...
Cos. Receive L.A. Chapter of CPCU Employer Excellence Award
Jun 13 2003 // On Tuesday, June 10, four prominent insurance companies, Allianz Insurance Company, Deans and Homer, Farmers Insurance Group and Marsh Inc. received the prestigious Employer Excellence Award from the Los Angeles Chapter of...
Study: Commercial Insurance Reserves Deficient by $13-$20 Billion
Jun 11 2003 // The commercial insurance industry’s reserves from 1997 to 2001 are deficient by $13 billion to $20 billion, according to a study released by the investment banking firm Cochran, Caronia & Co. The deficiency...
Hartford Survey Says With More at Stake, Small Businesses are Least Ready for Natural Disaster
Jun 6 2003 // Although they have the most at stake, small businesses are less prepared than larger companies to withstand a natural disaster, according to a recent national survey of small and mid-sized businesses by The Hartford...
Fremont Employers Ins. Co. Unaffected by CDI’s Conservancy of Fremont Indemnity
Jun 5 2003 // Employers Insurance Company of Nevada (EICN) announced that its wholly-owned subsidiary, Fremont Employers Insurance Company (FEIC) is unaffected by the California Department of Insurance (DOI) decision to take into...
