Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Fairmatic Bets On Driver-Driven Premium Adjustments to Score in Commercial Auto
Sep 17 2019 // Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors. Fairmatic’s...
Berkshire Hathaway GUARD Expands Commercial Package Coverage Into New Jersey
Sep 17 2019 // Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey. This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of...
Willis Towers Watson, Sompo GRS Launch Middle Market Real Estate Platform
Sep 16 2019 // Willis Towers Watson has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment. The...
Oregon Employers Will Get $160 Million From SAIF
Sep 16 2019 // SAIF customers in Oregon will receive $160 million in dividends this year. The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million...
Gene Therapy Drugs That Cost Millions Have Employers and Health Plans Worried
Sep 13 2019 // Employers and health plans fear they could be swamped financially by a coming wave of expensive new genetic therapies for rare diseases. Regulators have recently approved two treatments that sell at many multiples of the...
Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2
Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...
U.K. Insurer RSA Merges Commercial Risk Solutions, Global Risk Solutions Businesses
Sep 12 2019 // RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows another restructuring in...
Hawaii Employers Mutual Declares $3.5M Dividend for Workers’ Comp Policyholders
Sep 12 2019 // The board of Hawai`i Employers’ Mutual Insurance Company Inc. has declared a $3.5 million dividend payable to qualifying policyholders. HEMIC says that with this dividend it will have returned over $38 million...
Houston Business Insurance Agency Acquired by Florida’s AssuredPartners
Sep 5 2019 // Florida-based AssuredPartners Inc. has acquired Houston Business Insurance Agency located in Houston, Texas. The acquired agency’s team of five will remain under the operational leadership of Dominique...
Oregon Employers Will Get $160 Million From SAIF
Sep 5 2019 // SAIF customers in Oregon will receive $160 million in dividends this year. The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million...
Employers Moving into Hawaii with Its Workers’ Comp
Sep 4 2019 // Employers Inc. is now offering workers’ compensation insurance policies in Hawaii. The expansion has Employers providing workers’ comp to small businesses nationally, excluding four monopolistic...
Bender Insurance in California Names Beno Commercial Lines Claims Specialist
Sep 4 2019 // Bender Insurance Solutions in Sacramento, Calif., has named Rick J. Beno claims specialist in the commercial lines department. Beno has more than 30 years of experience in the management of claims. Bender Insurance...
McDonald’s Expands Training to Address Workplace Harassment, Violence Prevention
Sep 4 2019 // The world’s biggest restaurant company, facing complaints from employees and advocacy groups over workplace policies, said it is expanding its training program for restaurant supervisors and crew. McDonald’s...
QBE Service Helps Employers With Harassment, Bias, Other Employment Issues
Sep 3 2019 // QBE North America has introduced a complimentary service, QBE Business Resource Edge, as part of its Employment Practices Liability (EPL) insurance that is intended to help employers navigate harassment, discrimination and...
Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market
Aug 29 2019 // The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of...
Connecticut Woman Pleads Guilty to Fraud for Embezzling $400K from Employer
Aug 28 2019 // A Connecticut woman has pleaded guilty to embezzling more than $400,000 from her employer. Federal prosecutors say 56-year-old Vicki Miller, of Colchester, pleaded guilty to wire fraud Friday in U.S. District Court in...
Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch
Aug 27 2019 // U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive...
How Small Businesses Are Training for Active Shooters
Aug 27 2019 // At a four-hour meeting last month, Michelle Abdow’s staffers got to experience some of the sights, sounds and even smells they could encounter if someone invaded their office and began shooting. Security experts and...
Chubb Launches CoverPlus Liability Insurance for Middle Market Manufacturers
Aug 22 2019 // Chubb has introduced CoverPlus – a new platform offering expanded liability-driven products tailored to the evolving risks faced by middle market manufacturers from new technologies and processes. CoverPlus offers a...
The Lowdown: Employer Risk in California and Beyond
Aug 21 2019 // Newly released this week on Research & Trends, “Risky Business – Employment Practice Litigation on the Rise” offers insights into the many predicaments your business prospects and clients could find...
