Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
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...
Business Risks the Same
Mar 7 2022 // This issue’s special report talks to a few carrier executives about the state of the small business insurance market and the opportunity and risks this important sector faces in 2022. But when it comes to top risks,...
Small Business Revolution
Mar 7 2022 // Optimism, Resiliency Open New Doors for Sector Sector Buoyed by Record Start-Ups, Pandemic Resiliency The global pandemic, economic recession and worldwide supply chain shortages have not hindered the optimism and drive of...
Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Mar 7 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Mar 2 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...
Biden’s Supreme Court Nominee Defies Expectations on Employer-Employee Cases
Mar 2 2022 // Labor unions and worker advocates have applauded President Joe Biden’s nomination of Judge Ketanji Brown Jackson for the Supreme Court. Yet a look back at Jackson’s decisions in cases involving business and...
Dollar General Cited for More Workplace Hazards
Feb 28 2022 // It’s more bad news for Dollar General stores, one of the largest food and household goods retailers in the country. Federal safety regulators announced that they have added another $1 million in fines against the...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs
Feb 25 2022 // Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but other business risks loom large. According to a survey of...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Feb 24 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
People Moves: McGriff Adds Feighl as Commercial Marketing Account Exec; Harris Joins Alliant in Texas
Feb 11 2022 // McGriff Adds Mike Feighl as Commercial Marketing Account Executive McGriff has hired Mike Feighl as a senior vice president and marketing executive in its Houston-based Commercial Division. Mike Feight Feighl comes to...
Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance
Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...
How CNN Exec’s Departure Illustrates Peril of Not Disclosing Workplace Romance
Feb 8 2022 // For all the potential peril of a workplace romance, the most common source of trouble, experts say, is allowing it to remain a secret. A case in point was last week’s abrupt ouster of longtime CNN chief executive...
Hub Acquires Assets of AVI Commercial Insurance in California
Feb 7 2022 // Hub International Ltd. acquired the assets of AVI Commercial Insurance Marketing Inc. in San Clemente, California. Doug Krumpols, president, and the AVI team will join Hub’s Los Angeles and Orange County...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth
Feb 4 2022 // Net income at the The Hartford for the fourth quarter 2021 ended at $729 million, a 36% increase from income of $537 million the same period a year earlier. For the year, net income was about $2.37 billion compared to...
Louisiana to Streamline Form-Filing Process for Five New Commercial Lines
Feb 4 2022 // The Louisiana Department of Insurance announced Feb. 3 that it is streamlining the form-filing process for five additional lines of commercial insurance by adding them to the list of lines eligible for certified...
