Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Rising Prices Hit Commercial Property Market
Jan 28 2002 // Dire predictions have been floating around since September 11 regarding the availability and pricing of insurance coverage for commercial property, largely due to the issues surrounding terrorist exclusions and whopping...
Commercial Insurance Market Index Documents Signs of Market Distress
Jan 17 2002 // According to PR Newswire, the insurance industry is showing the first signs of distress following the Sept. 11 terrorist attacks, with major commercial property/casualty premiums uniformly on the upswing and confusion in...
Employers Mutual Casualty Co. to Use Visibillity’s Litigation Management Systems
Jan 16 2002 // Visibillity Inc. announced that Employers Mutual Casualty Company, a property and casualty insurer with headquarters in Des Moines, Iowa, signed a three year contract valued at more than $1 million dollars for...
COMMERCIAL PROPERTY OWNERS FACE INCREASES
Jan 14 2002 // Commercial property owners throughout the nation can expect their insurance premiums to increase significantly in 2002 due to the impact of the Sept. 11 attacks on the insurance industry, according to Jenny Jones, CEO of...
AIG Global Trade and Political Risk Insurance Introduces Coverage for Middle Market Companies
Jan 11 2002 // AIG Global Trade and Political Risk Insurance Company, a member company of American International Group Inc. (AIG) has introduced a new political risk insurance coverage for small and mid-sized companies. AIG...
AIG Private Client Group Offers EPLI to Domestic Help Employers
Jan 8 2002 // American International Group Inc. (AIG) announced that AIG Private Client Group, a division of the American International Companies, is offering employment practices liability coverage to protect individuals against...
CGNU Nears Deal w/ Groupama on French Commercial Lines
Jan 7 2002 // As earlier reported (see IJ Website Dec. 27), CGNU is close to concluding a deal to sell its French commercial lines business, CGU Courtage, to French mutual insurer Groupama. The transaction highlights the restructuring...
Commercial Property Owners Face Large Insurance Premium Increases in 2002
Jan 4 2002 // Commercial property owners throughout the nation can expect their insurance premiums to make major leaps this year due to the repercussions of the Sept. 11 attacks rippling through the insurance industry, according to...
Property and Casualty Commercial Rate and Policy Form Model Law Approved
Dec 14 2001 // State insurance commissioners have advanced a model law to modernize commercial rate and form filings, with final approval possible in the spring. A working group of the National Association of Insurance Commissioners...
Uncertainty on Insurance Hits NYC Commercial Property Market
Nov 20 2001 // Lower Manhattan has suffered a catastrophic decline in tenants seeking office space since the destruction of the World Trade Center. According to a study by Newmark & Company published in the New York Times there are...
Employers Realize Proper EPL Coverage is Part of Successful Business Equation
Nov 12 2001 // Employers and employees have more to think about than production, hours and paychecks these days. The Employment Practices Liability scene continues to draw major attention both in and outside of the courtrooms. Carrie...
Employers Realize Proper EPL Coverage is Part of Successful Business Equation
Nov 5 2001 // Employers and employees have more to think about than production, hours and paychecks these days. The Employment Practices Liability scene continues to draw major attention both in and outside of the courtrooms. Carrie...
Seattle-Area Commercial Insurance Agents, Brokers to Gather to Learn about Risks
Nov 2 2001 // Local commercial insurance agents and brokers will gather Nov. 6 in Seattle to learn about the expanding scope and impact of e-commerce risks affecting businesses today, and how companies can identify e-risk exposures and...
Berkley Corp. Reports Sept. 11 After-Tax Losses At $23M; Eliminates 2 Business Lines October 30, 20
Oct 30 2001 // W. R. Berkley Corporation reported that operating income, excluding losses related to the Sept. 11 event, was $11 million, or 36 cents per diluted share, for the third quarter ended Sept. 30, compared with $9 million, or...
Commercial Insurance Market Index Shows Evidence of Hardening Market
Oct 26 2001 // According to the recently released third-quarter Commercial Insurance Market Index — reflecting market observations of the largest commercial insurance brokers across the nation — commercial insurance premium...
Number of Calif. Workplace Deaths on the Decrease
Oct 26 2001 // The downward trend continued last year: the number of California workers killed on the job was the lowest since 1992 when the Department of Industrial Relations’ Division of Labor Statistics and Research (DLSR)...
Commercial Insurance Modernization Law in Effect in Missouri
Oct 19 2001 // A new law modernizing regulation of commercial insurance, now in effect in Missouri, will stimulate competition by eliminating unnecessary bureaucracy. The new law, enacted as Senate Bill 186, specifies that all commercial...
AXA, RSA To Raise Commercial Property Rates
Oct 17 2001 // France’s AXA and Britain’s Royal & Sun Alliance both announced that there would be large increases in their premium rates on commercial property coverage in the aftermath of the terrorist attacks on the...
CGNU Seeks to Sell French Commercial Lines Unit
Oct 10 2001 // In a move to further streamline its European operations, the U.K.’s CGNU announced that is seeking a buyer for its French unit, CGU Courtage, the country’s third largest commercial lines insurer, which deals...
American Modern Stops Writing Commercial Liability, Affirms Commitment to Specialty Markets
Sep 26 2001 // American Modern Insurance Group, a wholly owned subsidiary of The Midland Company and a provider of manufactured housing specialty insurance products and services, has ceased offering commercial liability products for...
