Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Global Commercial Insurance Market to Grow $170B in P/C Premium By 2021: Aon Inpoint
Jun 18 2018 // Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017, and by 2021, they will rise to nearly $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in...
Wisconsin Contractor Cited, Fined $120.3K for Workplace Safety Hazards
Jun 15 2018 // Federal safety officials have cited a Wisconsin roofing contractor for exposing employees to falls and other safety hazards at two separate job sites. Penalties proposed for Appleton roofing contractor Hector Hernandez by...
Employers Waking Up to Costs of Employees Falling Asleep on the Job
Jun 14 2018 // An employer with 1,000 employees can expect to lose more than $1 million each year in missed workdays, lower productivity and increased healthcare due to employee fatigue, according to a new survey. About one-third of all...
Ease Up On Commercial Drones, Scientists Advise Safety Regulators
Jun 14 2018 // Science advisers to the federal government say safety regulators are hindering the spread of commercial drones by being too cautious about the risks posed by the flying machines. The National Academies of Science,...
Orchid Insurance Expands Commercial Lines Division to Several East Coast States
Jun 13 2018 // Orchid Underwriters Agency LLC (Orchid Insurance), a specialty underwriter of catastrophe exposed property insurance, has expanded its Commercial Lines division into New York, Massachusetts, Maryland, Virginia, Georgia,...
Regulators Fine Iowa Company over Workplace Safety Violations
Jun 11 2018 // An Iowa maker of wind turbine blades has been fined nearly $155,000 for multiple workplace safety violations. The Des Moines Register reports that Iowa’s Occupational Safety and Health Administration levied the fines...
Breckenridge Insurance Services Hires Commercial Insurance Cyber Specialty Broker Ashley Holtz
Jun 8 2018 // Ashley Holtz Atlanta, GA, June 8, 2018 — Breckenridge Insurance Services is pleased to announce Ashley Holtz has joined the wholesale brokerage team as assistant vice president and broker. Holtz brings additional cyber...
Here’s What’s to Expect for Global Commercial Insurance Market Growth
Jun 8 2018 // Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017...
Monarch E&S in California Names Bertram Manager of Commercial Lines
Jun 5 2018 // Monarch E&S Insurance Services has promoted Lynn Bertram to senior underwriter and manager of commercial lines operations. Bertram has worked with Monarch E&S for 15 years, underwriting new business for the past...
Most Commercial Insurance Prices Continued Creeping Up in May: IVANS
Jun 5 2018 // Renewal premiums for a majority of standard commercial lines products continued to trend up in May, according to the latest IVANS Index. The exceptions were commercial auto and umbrella, which still rose in May but not as...
Don’t Let Time Run Out on Your Employer Clients
Jun 4 2018 // “Time is on my side. Yes it is.” — The Rolling Stones Time might be on Mick Jagger’s side. But if your client is an employer with 10 or more employees, then the question as to whether time is on its...
How to Succeed in Today’s Small Business Insurance Market
May 30 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
California Commissioner: Insurers Pocketing Comp Profits, Not Passing Savings to Employers
May 29 2018 // California Insurance Commissioner Dave Jones on Tuesday adopted a revised workers’ compensation insurance advisory pure premium rate by lowering the benchmark to $1.74 per $100 of payroll for workers’ comp. The...
The Lowdown: The Long & Short of Marine Employers Liability Coverage
May 29 2018 // Need to brush up on marine employers liability coverage? Our sponsor, Worldwide Facilities, has prepared a paper on the ins and outs of marine coverage. This paper explains the differences between Longshore and Harbor...
More Large Employers Add Financial Wellness Tools to Benefits Menu
May 24 2018 // Study after study shows that money stress can be as bad for workplace productivity as back pain. The latest study, released by PwC on Tuesday, found that a quarter of U.S. workers said financial worries caused them health...
Cybersecurity Professional Deploys Insurtech to Simplify Small Business Cyber Market
May 23 2018 // A small business owner and cybersecurity professional frustrated by the complicated cyber coverage buying process decided to take matters into his own hands – he became a cyber insurance broker. “I wanted to solve...
Supreme Court Pro-Arbitration Ruling a Big Win for Employers
May 22 2018 // The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for...
Missouri Employers Mutual Awards $800K in Workplace Safety Grants
May 22 2018 // Workers’ compensation insurer, Missouri Employers Mutual has awarded the company’s fourth round of safety grants to Missouri businesses this month to help them take the next step toward improving workplace...
Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions
May 21 2018 // A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of...
Few Employers Take New Actions to Curb Sexual Harassment
May 21 2018 // Despite the recent spotlight on workplace sexual harassment issues, few employers have taken action to prevent and/or address sexual harassment concerns in the workplace, according to a survey of employees by the American...
