Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming
Sep 25 2020 // Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be...
Two Wounded in Connecticut Workplace Shooting, Suspect in Custody
Sep 24 2020 // A shooter opened fire and wounded two people outside a Connecticut business Tuesday and was taken into custody at gunpoint on a highway in Massachusetts, police said. Both victims were treated at a hospital and...
Crest Insurance in Arizona Names Hankal Commercial Lines Manager
Sep 24 2020 // Crest Insurance Group LLC of Scottsdale, Ariz. has promoted Lisa Hankal to commercial lines manager. Hankal will be overseeing employees within the commercial lines department from all seven branches including Tucson,...
Texas Auto Insurance Plan Association Requests 4.8% Commercial Rate Hike
Sep 23 2020 // The Texas Automobile Insurance Plan Association (TAIPA) has filed a request with the Texas Department of Insurance to charge new insurance rates for commercial automobiles. The filed rates represent a 4.8% increase in...
Startups Developing Technologies to Clean Air in Workplaces of Coronavirus
Sep 21 2020 // Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking...
U.S. Commercial Insurance Prices Rose Almost 10% in Q2: WTW
Sep 21 2020 // U.S. commercial property/casualty insurance prices rose during the second quarter of 2020 by almost 10% compared with prices charged during the same quarter of 2019. Excess/umbrella and directors’ and officers’...
Orloff to Replace Kelly as Head of Liberty Mutual Field Operations for Commercial Lines
Sep 17 2020 // Liberty Mutual announced that Marc Orloff has been named president, North American Field Operations, Global Risk Solutions (GRS) North America. Orloff replaces Shaun Kelly, who the company said has decided to leave the...
Oregon Employers Urged to Protect Workers by Avoiding Outdoor Work
Sep 14 2020 // Oregon workplace and public health officials are urging employers to stop or delay outdoor work activity where they can and take other reasonable steps to protect workers when air quality reaches the...
Major UK Ruling on Business Insurance for COVID-19 Claims Expected Tuesday
Sep 14 2020 // Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group...
Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines
Sep 14 2020 // COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage. Yet, commercial lines insurance...
Does An Employer Have to Say If Coworker Has Coronavirus?
Sep 11 2020 // Does an employer have to say if a coworker has the virus? Employers are generally not required to tell workers when someone in the workplace has tested positive for the coronavirus. The U.S. Centers for Disease Control and...
Munich Re to Stop Selling Pandemic Business Coverage
Sep 11 2020 // Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a 1.5 billion-euro ($1.8 billion) virus-related hit in the first half. “We are currently...
POWERS Insurance Hires Morris as Commercial Lines Account Manager
Sep 9 2020 // St. Louis, Missouri-based POWERS Insurance & Risk Management has added Linsey Morris as commercial lines account manager. Morris has more than 15 years of experience in the insurance industry. In this position, she...
Trump Labor Rule That Narrows ‘Joint Employer’ Standard Struck Down by Judge
Sep 9 2020 // A federal judge on Tuesday struck down a Trump administration rule that narrowed the definition of “joint employer,” and which the attorneys general of 17 states and Washington, D.C. said would eliminate...
Simply Business, AXIS Launch Coverage for Home-Based Small Businesses
Sep 9 2020 // Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a panel of carriers, will work with AXIS Insurance on a new product intended for U.S. small business owners who...
U.S. Commercial Insurance Prices Rose Almost 10% in Q2: WTW
Sep 8 2020 // U.S. commercial property/casualty insurance prices rose during the second quarter of 2020 by almost 10% compared with prices charged during the same quarter of 2019. Excess/umbrella and directors’ and officers’...
For 60% of Mid-Sized Businesses, Crisis Management Is Key Unmet Need
Sep 7 2020 // Nearly 60% of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they’re concerned about rising insurance rates,...
Michigan Cites 6 Businesses for COVID-19 Workplace Safety Violations
Sep 3 2020 // In late August, the Michigan Occupational Safety and Health Administration (MIOSHA) issued a round of COVID-19 “general duty” citations, citing six different businesses with serious violations for failing to...
Louisiana’s Stonetrust Commercial Insurance Adds Skaggs, Boniol, Perkins
Sep 2 2020 // Stonetrust Commercial Insurance Co., based in Baton Rouge, Louisiana, has hired Jeff Skaggs as senior vice president of Underwriting and Marketing; Dawn Boniol as manager of Compliance, Quality Control and Claims Support;...
Texas’ HIIG Launches New E&S Brokerage Business Unit
Sep 2 2020 // Houston International Insurance Group Ltd. (HIIG) has launched an E&S (excess and surplus) brokerage business unit to provide liability and property insurance products and services to the wholesale brokerage...
