Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Five ways to help small businesses get ahead of holiday risks
Nov 23 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The holiday season has arrived, which, among other things, means greater risks for small businesses as they prepare for a boost in sales, beginning...
Resilience Cyber Closes $80M Funding Round to Further Expand Into Middle Market
Nov 22 2021 // Resilience, which offers cyber insurance and security solutions, reported that that it closed an $80 million Series C funding round as it plans for further middle market expansion and international growth. The funding...
California Commissioner Orders FAIR Plan to offer More Commercial Coverage
Nov 19 2021 // California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to implement his mandated increases to its decades-old commercial property coverage limits offered to businesses. “My order is part of an...
Tesla Seeks Retrial, Cut in ‘Staggering’ $137M Award in Racial Bias Workplace Case
Nov 17 2021 // Tesla has asked a federal court to reject what is calls a “staggering” $136.9 million jury award or order a new trial in a case involving an employee’s claim that the car maker did not do enough to...
6th Circuit to Hear Consolidated Lawsuits Challenging Biden Workplace Vaccine Rule
Nov 17 2021 // A judicial panel on Tuesday consolidated 34 lawsuits challenging the Biden administration’s workplace COVID-19 vaccine rule in the 6th U.S. Circuit Court of Appeals, a venue favored by opponents of the...
Monarch E&S, a division of Specialty Program Group / SPG Insurance Solutions in CA Promotes Devon Borisoff as Vice President, Commercial Lines Leader
Nov 17 2021 // BURBANK, Calif., November 17, 2021 — Monarch E&S Insurance Services, a division of Specialty Program Group / SPG Insurance Solutions in CA, (Monarch E&S) announced that Devon Borisoff has been promoted to...
Louisiana’s Citizens Increasing Commercial Coverage Limits
Nov 15 2021 // Louisiana’s property of last resort will raise commercial property insurance coverage limits for the first time in eight years. The Board of Directors of the Louisiana Citizens Property Insurance Corp. has voted to...
Commercial Auto Insurers Improved Results in 2020: AM Best
Nov 15 2021 // The U.S. commercial auto insurance market turned in results for 2020 that were the best it has seen in several years, although it still did not achieve an underwriting profit. Despite several years of price increases and...
Commercial Liability Insurers Face Rise in False Claims Act Cases
Nov 15 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney...
The Commercial Lines Outlier–Workers’ Compensation
Nov 15 2021 // In addition to weighing in on opportunities in the E&S/specialty lines market segment where prices have been firming, executives speaking at the September KBW Virtual Insurance Conference offered views on the one...
Connecticut Aircraft Parts Manufacturer Cited for Workplace Safety Violations
Nov 12 2021 // A Connecticut aircraft parts manufacturer did not take required steps to identify potential exposures and protect employees from hexavalent chromium and cadmium – both known carcinogens – at its Bloomfield facility, a...
Coalition Enters Executive Risk Insurance Market for Small Business
Nov 10 2021 // Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North...
Experts Say Cyber Risks Present ‘Significant’ Threat for Small Businesses
Nov 10 2021 // Powered by InsuranceJournal.tv The idea that cyber criminals only target large companies with a wide footprint and more assets is “profoundly wrong,” experts say, as cyber attacks are becoming a growing threat...
Wisconsin Foundry Faces $200,000 in Fines Over Workplace Injuries
Nov 10 2021 // Recent federal safety inspections of a northern Wisconsin foundry determined workplace safety failures caused two workers to suffer severe injuries. The business faces a proposed $200,895 in penalties. In May, a worker at...
OSHA Unveils Details of Workplace Vaccine Mandate Rule with Deadline After Holidays
Nov 4 2021 // The nation’s workplace safety agency will officially publish tomorrow emergency guidelines for companies that must implement President Biden’s mandatory vaccine policy for employees. The policy covers employers...
Canada Employers Shed Unvaccinated Workers With Legal Challenges Expected
Nov 4 2021 // OTTAWA – Canadian employers are firing or putting on unpaid leave thousands of workers who refused to get COVID-19 shots, squeezing an already tight labor market and raising prospects of potentially disruptive legal...
WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer
Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer...
Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh
Nov 1 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...
Striking McDonald’s Workers Protest Alleged Workplace Harassment, Violence
Oct 29 2021 // McDonald’s workers in 12 U.S. cities walked off the job Tuesday to protest what they say is an ongoing problem of sexual harassment and violence in the company’s stores. Several hundred workers were expected to...
Commercial Liability Insurers Face Growing Number of False Claims Act Cases
Oct 26 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney...
