Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Cal/OSHA Cites Nine Employers for Silica Safety Violations
Aug 29 2024 // California’s Division of Occupational Safety and Health cited nine employers in Sun Valley following efforts to address the growing number of silicosis cases among stone workers in California. The safety violations...
Connecticut Offers $5 Million in Grants to Help Small Businesses With Flood Recovery
Aug 27 2024 // Connecticut Gov. Ned Lamont announced that the state is launching a $5 million micro-grant program to assist small businesses in the western portion of the state rebuild and recover from the record rainfall and flooding...
Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh
Aug 19 2024 // Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time since the...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents
Aug 19 2024 // Analysis of 1.2 million workers’ compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year...
Construction Defects Are Not Covered Property Damage in Commercial Liability Policy
Aug 16 2024 // A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for...
Maine Employers Face Possible Damages in Lost Wages Cases Under New Law
Aug 15 2024 // Maine workers will now benefit from a law that allows the state to order businesses to pay back wages as well as damages from missed wages. The law went into effect Friday and is the latest state-level effort among...
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion
Aug 14 2024 // Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The...
Employer’s Clinic May Not be Protected by Workers’ Comp Remedy, SC Court Says
Aug 13 2024 // The South Carolina Court of Appeals has signaled that employers who offer on-site health clinics may not be immune from tort claims from injured or sickened workers. It’s the latest twist to a question that has...
Heatstroke Death of Baltimore Sanitation Worker Prompts Calls for Workplace Safety
Aug 8 2024 // Elected officials and union leaders in Baltimore are calling for safer and more humane working conditions for the city’s public works employees after a man collapsed and died from heatstroke last week while...
What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes
Aug 7 2024 // All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners,...
Hub Acquires Pennsylvania Commercial Lines Agency IMC
Aug 6 2024 // Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC). Located in Erie, Pennsylvania, IMC provides commercial insurance and risk management services to...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents
Aug 6 2024 // Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year employees...
People Moves: Wrigley to Lead DeCotis Commercial Lines Team
Aug 2 2024 // Jessica Wrigley DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines...
People Moves: WCF Insurance Promotes Houting to SVP of Middle Market; Ushur Names Price CRO
Aug 1 2024 // WCF Insurance Promotes Houting to SVP of Middle Market Ken Houting WCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice president of middle market. Houting leads growth and expansion of...
Employers Turn to New Technology to Safeguard Workers From Extreme Heat
Jul 26 2024 // McKINNEY, Texas (AP) — At the start of every work day, construction worker Charles Smith puts on the essentials: hard hat. Safety glasses. A reflective vest. And a small, watch-like band for his wrist. But rather than...
People Moves: Encova Insurance Names Shaver SVP, Small Business, and Lowe VP, Package Lines Underwriting
Jul 24 2024 // Michelle Shaver Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver...
Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh
Jul 24 2024 // Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time in nearly...
NIP Group and AmTrust Present PropanePro™: The Next Level in Business Insurance for Propane Gas Distributors
Jul 23 2024 // WOODBRIDGE, N.J., July 23, 2024 – NIP Group, a leading specialty insurance provider with over 35 years of experience, in collaboration with AmTrust Financial Services, Inc. (AmTrust), a top US insurer, are proud to...
People Moves: Risk Strategies Names Bagwell Commercial Lines Leader in West
Jul 22 2024 // Risk Strategies named Troy Bagwell commercial lines leader for the West region. Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty...
Commercial Auto Insurance Profit Struggles Continue
Jul 15 2024 // The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has...
