Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit
Feb 2 2023 // Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and L&H Re, while creating a new business unit called Global Clients and...
Report on Mass Shootings Urges Workplace Violence Prevention Plans
Jan 27 2023 // As the nation reels from a week of high-profile shootings, a new report on mass attacks calls for communities to intervene early when they see warning signs of violence, encourages businesses to consider workplace violence...
Ohio Dollar General Fined $395K for Hazardous Workplace Conditions
Jan 25 2023 // Following yet another inspection – this time at a West Lafayette, Ohio, Dollar General location – federal investigators found one of the nation’s largest discount retailers continues to shelve serious safety...
Not Time to Celebrate but Commercial Insurance Rates Are Stabilizing
Jan 23 2023 // With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in...
People Moves: Promotions at Liberty Mutual Commercial Unity; New CEO at Ategrity
Jan 13 2023 // Liberty Mutual Insurance Appoints Sutton and Archambault to Key Leadership Roles in its North American Commercial Insurance Business Unit Liberty Mutual Insurance has appointed Meg Sutton as chief operating officer for...
Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto
Jan 10 2023 // Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the first half of 2023—including a predicted “buyer’s market” for...
People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
Jan 5 2023 // Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA,...
Chubb Launches Global Climate Business Unit
Jan 4 2023 // Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The...
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing
Dec 29 2022 // With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in...
Transgender Worker Sues New Hampshire Employer Alleging Bias in Health Plan
Dec 19 2022 // A transgender woman in New Hampshire filed a discrimination complaint Friday against the manufacturing company where she works as a machinist, challenging its exclusion of gender-transition health coverage. The complaint...
Wisconsin Manufacturer Fined $250K for Workplace Hazards
Dec 13 2022 // Federal safety inspectors have determined that a falling load from a below-the-hook magnet crushed the leg of an employee at a Kewaunee heavy fabrication manufacturing company on June 7, 2022. In response to a...
U.S. Commercial Lines Prices Up 5% in Q3: WTW
Dec 13 2022 // With the exception of directors & officers liability and workers compensation, nearly all lines of business in the U.S. continued to see rate increases in the third quarter of 2022, according to WTW’s Commercial...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation
Dec 8 2022 // As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report. Rate changes at renewal remained strong,...
OSHA Fines Illinois Dollar Tree $364K for Workplace Exposure Violations
Dec 5 2022 // With holiday shopping nearing its peak, federal workplace safety inspectors have again found Dollar Tree Stores Inc. – one of the nation’s largest discount retailers – exposing workers in Matteson, Illinois to...
TDI Recognizes Animal Nutrition Company With Workplace Safety Award
Nov 21 2022 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) recognized Global Animal Products with a Lone Star Safety Award for their exemplary workplace safety programs and low rates of work-related...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker
Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey. All Trans is a...
Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey
Nov 7 2022 // Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Nov 7 2022 // A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage...
GHA — A Fun, Professional Workplace With Purpose
Nov 7 2022 // At Glenn Harris and Associates, the whole company is a team, and the team is family. That includes three tail-wagging “Directors of Morale” — company dogs Smoky, Mocha and Chief. The overwhelming sense of...
More Violations: OSHA Fines Dollar General $2.7M for Workplace Safety Problems
Nov 3 2022 // A month after federal regulators hit Dollar General stores with $1.6 million in fines for safety violations, the retailer now faces an additional $2.7 million in penalties for similar problems in Alabama, Florida and...
