Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Commercial Auto: Profitability Issues Remain, but There’s Light at the End of Tunnel
Oct 1 2018 // Despite insurers’ best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two major carriers have...
New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses
Sep 28 2018 // Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and...
Hahn Named President of Westfield’s Small Business Unit
Sep 28 2018 // Westfield Center, Ohio-based property/casualty insurer, Westfield, has named Robyn Hahn as president of its Small Business unit. Hahn more than 25 years of diverse experience in the insurance industry and has held senior...
Puerto Rico’s Small Businesses Were Underinsured for Maria Damages
Sep 28 2018 // Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year’s Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, according to a...
Workers Overdose On the Job and Employers Struggle to Respond
Sep 26 2018 // PORTLAND, Ore. — Jimmy Sullivan prepared for his job as a bricklayer the same way every morning for years: injecting a shot of heroin before leaving his car. The first time he overdosed on the job, in 2013 at a Virginia...
New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona
Sep 25 2018 // Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will...
Employers Providing Paid Family Leave Qualify for Tax Credit
Sep 25 2018 // The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid family and medical leave to their employees during tax years 2018 and 2019 may qualify for a new...
NBA Chief Urges Teams to Adopt New Workplace Policies for Women
Sep 25 2018 // National Basketball Association (NBA) Commissioner Adam Silver wants all teams to hire more women, especially in leadership and supervisory positions, and is urging them to take some of the mandates that the Dallas...
Washington Employers May See Big Drop in 2019 Workers’ Comp Rates
Sep 20 2018 // The price of workers’ compensation insurance in Washington could drop significantly in 2019. The Washington Department of Labor & Industries this week proposed a 5 percent decrease in the average premium...
Ohio’s Hylant Launches Haven Re Group Captive for Middle-Market Businesses
Sep 19 2018 // Toledo, Ohio-based privately held independent insurance brokerage, Hylant, has launched Haven Re, a primary casualty, heterogeneous group captive designed to provide well-performing middle-market businesses an attractive...
Harassment in the Workplace
Sep 17 2018 // More than one-third (35 percent) of employees in the U.S. feel they’ve experienced workplace harassment, and half of them believe it was due to their gender. That’s according to a study released by specialty...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s Investors Service
Sep 17 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...
Michigan Offering Matching Grants for Workplace Safety, Health Improvements
Sep 17 2018 // Matching grants of up to $5,000 to improve workplace safety and health are being made available to Michigan companies that have up to 250 employees. Administered by the Michigan’s Occupational Safety and Health...
Next Insurance Rolls Out Commercial Auto Policy
Sep 13 2018 // Small business-focused digital insurance carrier Next Insurance has launched a commercial auto insurance policy available entirely online with no extra fees. Small businesses can now purchase a commercial car insurance...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s
Sep 10 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...
Connecticut’s Business Risk Partners Appoints Lacey as Principal Underwriter
Sep 7 2018 // Business Risk Partners (BRP), a Windsor, Conn.-based specialty insurance program administrator, has appointed Brad Lacey as a principal underwriter focused on management and professional liability products. Simultaneously,...
Family of Man Shot at Texas Warehouse Files $25M Suit Against Employer
Sep 6 2018 // The family of a man who was killed in August in a shooting at a Houston-area food warehouse has filed a lawsuit asking for $25 million in damages from his employer. The lawsuit was filed in state civil court in Houston by...
Michigan Offering Matching Grants to Improve Workplace Safety, Health
Sep 6 2018 // Matching grants of up to $5,000 to improve workplace safety and health are being made available for Michigan companies that have up to 250 employees. Michigan’s Occupational Safety and Health Administration says the...
Gender, Seniority Key Factors in Workplace Harassment: Hiscox Survey
Sep 5 2018 // More than one-third (35 percent) of employees in the U.S. feel they’ve experienced workplace harassment, and half of them believe it was due to their gender. A study released by specialty insurer Hiscox also found...
It Took an Agency How Long to Hire a Commercial Lines Manager?
Sep 3 2018 // The old saying, “Our agency is constantly recruiting,” used to make firms sound very progressive. That barely cuts the mustard these days. Agencies must adopt a new philosophy: “We’re constantly...
