Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
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...
Maine Employers Receive $21M Workers’ Compensation Refund
Oct 9 2017 // Maine Employers’ Mutual Insurance Company has returned $21 million to Maine employers insured by the workers’ compensation provider. About 18,000 employers in the state will see insurance returns from the...
Left Out of Disaster Tax Relief Program, Louisiana Offers Bigger Flood Aid Loans for Small Businesses
Oct 6 2017 // Gov. John Bel Edwards’ administration is boosting the size of loans available to small businesses damaged by last year’s flooding in Louisiana and is extending the deadline for applications. The Restore...
Alera Group Acquires Employer Concept in California
Oct 5 2017 // Alera Group has acquired Employer Concept Insurance Services, based in Irvine, Calif. Terms of the deal were not disclosed. Employer Concept Insurance Services will join Alera Group through local firm...
Starr Adds Commercial Auto Coverage for Aviation Insureds
Oct 5 2017 // Starr Companies has added commercial auto coverage for aviation insureds. Auto coverage is available on an ‘any auto’ basis for fleets owned by companies operating in the aviation industry when purchased along...
Chubb Taps Hiscox’s Hosking, Promotes Bear to UK Middle Market Broker Roles
Oct 3 2017 // Chubb has announced the appointment of two new positions within its Middle Market Independent Broker segment. Hannah Hosking has been appointed as Head of Distribution – Independent Brokers UK&I, while Steve Bear has...
Social Issue Investors Pressuring Employers on Pay Equity and Paid Leave Policies
Oct 3 2017 // Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and in senior management would produce fairer policies. Now...
Supreme Court to Decide Future of Workers’ Class Action Suits Against Employers
Oct 2 2017 // The U.S. Supreme Court kicks off its new nine-month term on Monday with a major employment case that could deprive workers of the ability to join together to file lawsuits when taking on companies over a wide range of...
Fines for Workplace Deaths in Nevada Reduced Often
Oct 2 2017 // Companies that contested Nevada workplace safety citations after an employee died on the job received reduced fines about half the time. An analysis of state and federal Occupational Safety and Health Administration...
CNA Names Dasher Underwriting VP for Small Business
Sep 25 2017 // Commercial lines insurer CNA has announced the appointment of Greg Dasher to vice president of underwriting for its Small Business segment. Dasher will be responsible for the small business segment’s strategic and...
AIG Restructures Again; Commercial Lines CEO Schimek to Leave
Sep 25 2017 // American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The...
