Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
ASC to Acquire Forestry Insurance Co. of the Southeast’s Commercial Auto Book
Nov 6 2017 // Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Forestry Insurance Company of the Southeast to acquire its commercial auto book of...
Small Business Digital Insurer Attune Adds Starr’s Stamets, OnDeck’s Dreiling
Nov 3 2017 // Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets as head of Underwriting Strategy. Dreiling oversees Attune’s analytics, people and...
October Commercial Insurance Renewal Rates Up Except Workers’ Compensation: IVANS Index
Nov 3 2017 // In October, premium renewal rates were up for the majority of standard commercial lines products, with workers’ compensation remaining the major line where rates did not go up, according to IVANS Index that tracks...
AIG Reports Q3 Loss on Commercial Lines Reserve Boost, Catastrophe Losses
Nov 3 2017 // Highlighting the development as a “noteworthy item” in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before taxes, which...
AIG Renames Tech-Focused Commercial Insurance Unit Blackboard
Oct 31 2017 // American International Group’s technology-focused subsidiary formerly known as Hamilton USA has a new name, Blackboard. Hamilton USA was part of Hamilton Insurance Group. AIG announced plans to buy the unit in May...
Shareholder Activists Press Drug Firms on Business Risks of Opioid Crisis
Oct 31 2017 // U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the...
Investors in Litigation Financing Target Commercial Auto
Oct 31 2017 // Investor-funded litigation is not new but it is expanding its reach in commercial auto cases, according to experts in the field. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., addressed the growing trend...
Louisiana Ramps Up Effort to Prevent Employers from Misclassifying Workers
Oct 27 2017 // Several state and federal government entities partnering on a Louisiana task force to target employers who misclassify workers plan increased activity in 2018, according to the Louisiana Workforce Commission (LWC). The...
How Employers Can Help Make Workers’ Compensation Work
Oct 26 2017 // Nurse care management and a solid return-to-work program are two ways employers can proactively manage workers’ compensation costs. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., emphasized the role...
Bipartisan Bill Would Give Small Businesses a Tax Credit for Employee Training
Oct 24 2017 // A bipartisan group of congressmen has filed legislation to encourage employers to invest more in training and educating their employees. The legislation would create a tax credit for 25 percent of the first $5,000, or up o...
Fighting Drivers of Commercial Auto Frequency, Severity
Oct 20 2017 // Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit this week...
BB&T-Oswald Trippe Adds 2 Commercial Lines Producers to Florida Team
Oct 20 2017 // BB&T- Oswald Trippe and Company has expanded its Southeast Florida team with the addition of two new associates as commercial lines producers to assist business clients in the greater Southeast Florida area. Kelly...
Maine Man Suing Over Workplace Accident That Claimed Two Fingers
Oct 19 2017 // A Machiasport, Maine, man is suing a salmon farm over a workplace injury in which he lost two fingers. Jesse Redman sued True North Salmon US Inc. and Cooke Aquaculture USA Inc. last week in U.S. District Court in Bangor,...
Vegas Risk Management Summit Tackled Commercial Auto, Workers’ Comp And More
Oct 16 2017 // One factor driving continuously dismal commercial auto insurance losses is a spate of “nuclear cases” that are plaguing the industry with multi-million lawsuits. The amount of money and resources being put into...
Cyber Was Focus of California Symposium for Small and Mid-Sized Businesses
Oct 13 2017 // There are more than 4,000 cyber-attacks each year aimed at small- to mid-sized businesses, many of which are exposed because they haven’t given cyber security a high enough priority, according to Stephanie...
How Insurers, Employers Can Help Close Income Gap in U.S.: Zurich Insurance Research
Oct 13 2017 // Public/private partnerships between governments, companies and insurers can help ease income gaps that burden millions of Americans, according to new research from Zurich Insurance Group and the University of...
Texas’ QEO Group to Write Commercial Auto with Clear Blue Insurance Group
Oct 12 2017 // Irving, Texas-based QEO Group LLC (QEO) and Clear Blue Financial Holdings LLC (Clear Blue), headquartered in North Carolina, have agreed to a long-term, exclusive relationship for QEO to write its commercial automobile...
Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform
Oct 12 2017 // Digital business insurance agency CoverWallet said it has closed a $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr...
Mass. Nanny Gets 15 Months for Stealing More Than $100K from Employer
Oct 12 2017 // A Massachusetts nanny who stole more than $100,000 from her employers has been sentenced to 15 months in federal prison. Prosecutors say 36-year-old Stacy Fortunato was also sentenced Tuesday to three years of probation...
Starr Cos. Now Offers Commercial Auto Coverages in Canada
Oct 11 2017 // Starr Cos. announced it has introduced commercial primary auto coverages in all provinces and territories in Canada. “This allows Starr to better support our primary general liability accounts by offering commercial...
