Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
The Booming Female-Owned Home-Based Business Market
May 2 2022 // The world of work is changing fast, with the pull of the digital revolution and the push of the pandemic shifting mindsets and introducing far greater flexibility in how we organize our working lives. In the two years...
California to Keep Workplace Pandemic Rules Through 2022
Apr 22 2022 // California workplace regulators are poised to extend mandatory pay for workers affected by the coronavirus through the end of 2022, more than two months after state lawmakers restored similar benefits through...
People Moves: Estée Lauder’s Burrell Joins GEICO; Olson Heads Zurich Programs; Hudnall Leads Donegal Commercial Lines
Apr 22 2022 // Estée Lauder’s Burrell Joins GEICO as Chief Marketing Officer Insurer GEICO announced Damon Burrell has joined the company as chief marketing officer. Burrell will oversee all of GEICO’s marketing...
Small Businesses Are Burning Out: Survey
Apr 21 2022 // According to a recent survey by Next Insurance, small businesses are feeling stressed and frustrated by the state of the economy and inflation. Only 29% of respondents said they felt optimistic about an economic recovery...
NFL’s Washington Commanders Deny Financial, Workplace Misconduct Allegations
Apr 20 2022 // The NFL’s Washington Commanders denied several allegations of financial impropriety in a letter sent Monday to the U.S Federal Trade Commission. The 19-page letter — including testimony, emails and other...
Broker WTW Reports Commercial Rates Are Starting to Stabilize Except for Cyber
Apr 8 2022 // Rate hikes for commercial lines of insurance are slowing to single-digit increases or even flat renewals, according to broker WTW’s Marketplace Realities spring update. The exception, as it has been, is cyber...
Agencies Promoting People for Commercial Lines
Apr 6 2022 // Jimcor Hires Becotte Jimcor Agency Inc., a national wholesale broker and managing general agent, has hired Michael Becotte as a commercial lines underwriter for the Southeast, based in Cumming, Georgia. Becotte has more...
Employers Adapting to New World of Worries
Apr 4 2022 // Insurers Seek Policies on Diversity, Pay Equity, Social Media, COVID, Even Facial Scans The past few years have been filled with newer exposures when it comes to employment practices liability insurance (EPLI). Along with...
Coterie Insurance Expands Small Business Offerings to Massachusetts
Mar 30 2022 // Coterie Insurance, a small business insurtech, announced that its general liability and business owners insurance products are now available in Massachusetts for customers and agencies. Independent agents and brokers...
Arthur J. Gallagher & Co. Acquires Missouri’s Commercial Insurance Underwriters
Mar 23 2022 // Arthur J. Gallagher & Co. announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed. Founded in 1984, CIU is a surplus lines...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Mar 21 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber...
More Price Increases for US Commercial Insurance in Q4 2021: WTW
Mar 21 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was...
New York Enacts Expanded Anti-Harassment Workplace Laws
Mar 18 2022 // New York expanded workplace harassment protection for all public employees and banned the release of anyone’s employment records in retaliation for speaking up about alleged abuse, part of a package of new laws...
6th Circuit: Insurer’s Hefty Penalty on Employer’s Audit Non-Compliance Will Stand
Mar 17 2022 // A workers’ compensation insurance company’s hefty penalty against its non-compliant insured will likely stand, after a federal appeals court found that the matter was governed by state insurance regulators, not...
Most Middle-Market CFOs Believe ESG Strategy Will Improve Financial Growth
Mar 16 2022 // According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial performance in the long...
First Chicago Launches Commercial Auto Insurance Program in Illinois And Indiana
Mar 15 2022 // First Chicago Insurance Company announced it recently launched its augmented commercial auto insurance program in Illinois and Indiana. The program covers owned or leased Vehicles, hired autos, non-owned, temporary...
People Moves: Woodruff Sawyer in California Makes Neuhalfen Commercial Lines Director; Lopez VP and Corporate Securities Attorney
Mar 15 2022 // Woodruff Sawyer named John Neuhalfen director of operations in commercial lines. Neuhalfen will be based in the San Francisco, California office. He spent 15 years at Chubb, where he was most recently a regional vice...
California Commissioner OKs Higher Commercial Coverage Limits for FAIR Plan
Mar 10 2022 // California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs offered to businesses, no later than May 1. Lara’s...
Washington Contractor Sentenced in Fatal Workplace Trench Collapse
Mar 8 2022 // A Seattle, Washington, construction company owner is facing jail time in a case that’s holding an employer criminally responsible for a preventable worker death. Alki Construction owner Phillip Numrich was sentenced...
More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW
Mar 7 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was...
