Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
OSHA Cites Long Island Thermometer Maker Over Mercury Exposure in Workplace
Mar 10 2023 // Federal workplace safety inspectors have cited a New York thermometer manufacturer for overexposing its employees to mercury at its West Babylon facility. Occupational Safety and Health Administration (OSHA) inspectors...
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business
Mar 10 2023 // Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global Corporate & Specialty...
Head of UK Employer Group CBI Steps Aside Over Allegations
Mar 7 2023 // The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body conducted a review into his behavior. The CBI said it had already conducted an internal...
How Insurers Can Help Small Businesses Grow and Prosper
Mar 6 2023 // The past three years taught business owners resilience and adaptability. This is especially true for small businesses faced with the unique challenges of the pandemic, inflation, and the Great Resignation. But the pandemic...
From Cyber to Lease Protection, Many Small Businesses and Agencies Are Woefully Unprepared
Mar 6 2023 // Lisa Parry Becker, vice president of an independent insurance agency in Langhorne, Pennsylvania, recounted a computer hacking incident a longtime client suffered recently. It sounds almost like a thriller novel, with a...
Iowa Bill Would Permit Firearms on Employer, School Property
Mar 3 2023 // Iowa lawmakers are considering legislation that would allow employees to carry firearms or ammunition onto employer’s property if the guns or ammunition are out of sight and locked in a vehicle. An employer, owner or...
People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
Mar 2 2023 // AXA XL Adds to U.S. Mid-Market Team AXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of...
Federal Court Denies Massachusetts Hospital’s Covid-19 Business Insurance Claim
Mar 1 2023 // A Massachusetts hospital has been denied its insurance claim for Covid-19 related costs and lost revenues under business interruption and disease contamination provisions of its property insurance policy. U.S. District...
Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB
Feb 24 2023 // “Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according...
A Pivot to People: Overcoming the Talent Crisis in Commercial P&C Underwriting
Feb 23 2023 // This post is part of a series sponsored by Insurance Quantified. Across the insurance landscape, commercial P&C firms are facing a host of challenges when it comes to underwriting talent. Rapid shifts in the makeup of...
People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO
Feb 23 2023 // Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 20 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage
Feb 16 2023 // Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage. This new coverage and service offering was introduced Feb. 8 in select states with additional...
Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
What Ancient Roman Firefighting Can Teach Us About the State of Commercial Insurance Today
Feb 6 2023 // There are rare moments in one’s professional life when you can take what you were taught in childhood into present-day learning. I’m thinking back to my 8th-grade Ancient Roman history class, where I learned...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 3 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
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...
