Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Most U.S. Small Businesses Worry Recession is Coming
Jul 13 2022 // Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was...
ReSource Pro Acquires Commercial Lines Technology Platform towerIQ
Jun 30 2022 // Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused technology platform designed to streamline workflows and capture market...
People Moves: WTW’s Hires EY’s Mayers for Commercial Lines Pricing, Underwriting; Hiscox Names Flaquet to Newly Created Role of Group COO
Jun 28 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW) and Hiscox. A summary of these new hires follows here. WTW’s Hires EY’s Mayers for Commercial Lines Pricing,...
World Insurance Buys Commercial Insurance Agency of Massachusetts
Jun 23 2022 // World Insurance Associates announced has acquired Commercial Insurance Agency of Belmont, Massachusetts. Terms of the May 1, 2022 transaction were not disclosed. George W. Ruggiero, Jr. established CIA in 1975 and today he...
Canadian Oil Brokerage Denies ‘Toxic’ Workplace Claim, Files Countersuit
Jun 20 2022 // Oil brokerage NE2 Group is hitting back at allegations that Chief Executive Officer Tim Gunn created a toxic workplace, filing an C$11 million ($8.4 million) countersuit against eight former employees who left the firm...
Fidelity Bonds: Good for Employers and an Insurance Agency’s Bottom Line
Jun 20 2022 // This post is part of a series sponsored by Old Republic Surety. A type of insurance, fidelity bonds provide critical protection against employee theft for your clients and an additional revenue stream for your...
Oklahoma Court: Tort Reform Law Allows Lawsuit Against Employer
Jun 20 2022 // Jerry Harwood couldn’t collect workers’ compensation benefits after he was paralyzed when he was struck by a car while trying to cross US Route 66 after leaving his workplace. But a split decision by the...
Small Business Digital Agency Coterie Enters New York; Now in All States
Jun 14 2022 // Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the...
Home, Commercial Rate Hikes Not Enough to Offset Construction Costs
Jun 6 2022 // To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s...
Oklahoma Court: Tort Reform Law Allows Lawsuit Against Employer
Jun 3 2022 // Jerry Harwood couldn’t collect workers’ compensation benefits after he was paralyzed when he was struck by a car while trying to cross US Route 66 after leaving his workplace. But a split decision by the...
New Rules Require Washington Employers to Monitor Temp, Air Quality Starting Mid-June
Jun 2 2022 // Employers in Washington will be required to monitor temperature and air quality, take steps to protect workers from heat and smoke hazards, and provide training and information from June 15 through the end of...
Hilb Group Adds to Commercial Lines, Surety Business in Tri-State Region
May 25 2022 // The Hilb Group said it has acquired a book of commercial property/casualty insurance and surety bond business in its tri-state region of operations. The company said that the seller, Scott Kuzmic, a commercial...
Younger Workers More Likely to Leave Employers to Retain Flexibility
May 24 2022 // Most business owners expect employees to be back working in person full time a year from now but employees want to retain flexibility with where and when they work. According to Nationwide’s most recent Agency...
Markets/Coverages: NJM Introduces Commercial Package Policy in New Jersey
May 24 2022 // NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022. The NJM ProPack Commercial Package Policy protects mid-to-large-sized businesses against...
People Moves: Holmes Murphy Adds Boberg in Minneapolis; Hershey Promotes Sinutko to VP of Commercial Lines
May 23 2022 // Holmes Murphy Adds Tim Boberg as Property Casualty Market Leader of Minneapolis Team Holmes Murphy named Tim Boberg as the Property Casualty market leader of the company’s growing Minneapolis team. Boberg joins...
Markets/Coverages: Maryland’s Residual Insurer Ups Limits for Commercial Drivers
May 20 2022 // Maryland’s auto insurance market for drivers that private insurers won’t cover has received approval to offer combined single limits coverage up to $1 million for eligible businesses and vehicles. Maryland Auto...
California Employers Cited $1.75M in Refinery Worker Death
May 19 2022 // The Cal/OSHA Process Safety Management Unit cited Valero Refinery of Benicia and three contractors a combined $1.75 million for serious safety violations following a confined space death of a 35-year-old worker who...
Home, Commercial Rate Hikes Not Enough to Offset Construction Costs: Moody’s
May 19 2022 // To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s...
People Moves: QBE Hires RSA’s Germain as Group CIO; MS Amlin Taps AXIS’ Ferguson for Open Mkt. Property; Generali Names 3 for Italy, Global Business Lines
May 16 2022 // This edition of International People Moves details appointments at QBE Insurance, MS Amlin, and Generali. A summary of these new hires follows here. QBE Hires RSA’s Germain as Group Chief Information Officer QBE...
35% of Workplace Injuries Occur During First Year: Travelers
May 16 2022 // A new study by Travelers of workers’ compensation claims found that 35% of injuries occur during employees’ first year on the job, regardless of age or industry experience. “Our data underscores the...
