Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
New York Employers Must Offer Paid Medical Leave During Pregnancy
Jan 6 2025 // Pregnant New Yorkers will be entitled to at least 20 hours of paid leave to attend prenatal medical appointments under a law that took effect Wednesday. Gov. Kathy Hochul said the policy makes New York the first state in...
Bureau of Labor Releases Final 2023 Workplace Injury, Fatality Stats
Jan 3 2025 // Last year, there were 5,283 fatal work injuries recorded in the United States, a 3.7% decrease from 5,486 in 2022, the U.S. Bureau of Labor Statistics reported. The fatal work injury rate was 3.5 fatalities per 100,000...
Employer Owes Pay for Actual Changing, Showering Time, Not Its ‘Reasonable’ Estimate
Jan 2 2025 // A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual time they spent changing and showering for their jobs working with hazardous materials. Their...
US Dockworkers, Port Employers Set to Restart Talks Tuesday
Jan 2 2025 // Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the...
What Changes Should Small Businesses Be Aware of for 2025?
Dec 26 2024 // For small businesses, the biggest change in the new year will be the arrival of a presumably more business-friendly administration in Washington. But there are other shifts owners should keep on their radar. Among them:...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Dec 20 2024 // Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to...
EEOC Sues Texas Pizza Hut Operator for Workplace Discrimination
Dec 16 2024 // Ayvaz Pizza, LLC, doing business as Pizza Hut, which operates more than 350 Pizza Hut restaurants in ten states and multiple locations in the Houston area, violated federal law when it subjected a female employee to...
Inszone Acquires Commercial Insurance of Texas
Dec 11 2024 // Inszone Insurance Services announced the acquisition Commercial Insurance of Texas Agency Services, a specialized agency based in Texas. This strategic acquisition strengthens Inszone’s presence in Texas and...
US Commercial Lines Prices Up About 6% Again: WTW CLIPS
Dec 11 2024 // Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024. Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its...
Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach
Dec 9 2024 // Arthur J. Gallagher this morning said it has entered into an agreement to acquire AssuredPartners for $13.45 billion cash to expand its reach in the U.S. middle-market property/casualty and employee benefits...
Antares Announces Leadership Team for New Commercial Division
Dec 6 2024 // Antares Global Management Ltd. announced three key appointments for its new Commercial Division, which comprises Syndicate 1274 and Bermuda-based Antares Re. Antares announced in November that it was restructuring its...
GEICO Chooses North Texas as Operation Hub for Commercial Insurance Business
Dec 5 2024 // GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has...
Ivans Index Shows Most Commercial Lines Renewal Rates Up in November
Dec 5 2024 // Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease,...
Rockford Mutual to Expand Commercial Lines Products in Michigan
Dec 2 2024 // Rockford Mutual Insurance Company (RMIC) announced a strategic expansion into the state of Michigan for Commercial Lines products in 2025. This decision is part of the company’s ongoing efforts to diversify its...
Outlook for US Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best
Dec 2 2024 // AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment...
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023
Dec 2 2024 // After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including...
UK Employers Warn Tax Rise Will Hit Investment and Pay
Nov 25 2024 // British employers have been caught off guard by a 25 billion-pound ($31 billion) tax rise at last month’s budget and plan to cut training, investment and jobs in response, a leading employers group said on...
CIAB: All Commercial Lines See Lower Q3 Premium Increases Except Umbrella
Nov 22 2024 // Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter. According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey,...
Commercial Lines Profit Growth: Execution Matters More Than Portfolio Mix
Nov 22 2024 // It is “how” commercial lines carriers execute their underwriting strategies, not “what” lines they write that is key to profitable growth for top performers, according to new research from...
Philadelphia Eagles Seek to Extend Covid-19 Business Insurance Bid Into Overtime
Nov 19 2024 // The Philadelphia Eagles football organization wants to force its case for Covid-19 business interruption insurance against insurer Factory Mutual Insurance Co. into overtime, arguing that its situation is unlike any other...
