Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
The Hartford Reports 15% Higher Q3 Profit; Strong Commercial Lines Performance
Oct 28 2016 // The Hartford reported net income of $438 million in third quarter 2016, an increase of 15 percent from third quarter 2015. Core earnings came in at $413 million in third quarter 2016, an increase of 13 percent from third...
The Hartford Names Bergbauer Head of Middle Market International
Oct 28 2016 // The Hartford has appointed Alfred Bergbauer as vice president and head of multinational underwriting. Bergbauer will oversee The Hartford’s International Choice portfolio of insurance products for U.S. organizations...
Public Sector Workplace Injuries, Illnesses Decline in Oklahoma
Oct 27 2016 // Oklahoma public sector employers have reduced the rate of employee injury and illness to 3.8 per 100 workers, down from 4.0 in 2014, the Oklahoma Department of Labor reported. With the recent reduction, Oklahoma has seen a...
What to Expect in Commercial Insurance Pricing in 2017
Oct 27 2016 // The marketplace for commercial insurance will continue to favor insurance buyers in 2017, particularly those with strategic risk management and risk transfer strategies, according to Willis Towers Watson’s 2017...
UK Employers Downbeat About Economy, Hiring After Brexit Vote: Poll
Oct 26 2016 // The number of British firms that are confident about the economy halved after the Brexit vote, with larger firms and those in regions which voted to stay in the EU more downbeat than those in areas that backed Leave, a...
AARP Suit Says Workplace Wellness Programs Raise Medical Privacy Concerns
Oct 25 2016 // A lobbying group representing older Americans sued the Obama administration on Monday claiming regulations for programs designed to rein in employee health care costs will subject workers to invasions of their medical...
Could Allstate’s ‘5 Minute’ Small Business Policy Transform Commercial Lines Sales?
Oct 19 2016 // At a time when technology startups are also targeting the small commercial insurance market, giant Allstate has debuted a hi-tech business insurance quoting platform that it says makes it possible for small business owners...
Washington Employer Fined for Asbestos Violations
Oct 19 2016 // A Kirkland, Wash. asbestos removal contractor has been cited for several workplace health violations that reportedly put workers, contractors and homeowners at risk. The Department of Labor & Industries cited American...
9 Top Cyber Attacks Reported by Small Businesses; Most Still Unprotected
Oct 19 2016 // Most small-business owners (78 percent) still don’t have a cyberattack response plan, even though more than half (54 percent) were victim to at least one type of cyberattack. About 60 percent of those who did...
EPIC Launches Cyber Risk Insurance Platform for Small, Mid-Sized Businesses
Oct 18 2016 // EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has launched its proprietary Cyber Risk and Insurance Platform tailored to small and mid-sized...
OSHA Proposes 18 Changes to Safety Standards to Reduce Employer Costs
Oct 12 2016 // The Occupational Safety and Health Administration is proposing 18 changes to the agency’s recordkeeping, general industry, maritime and construction standards. The agency estimates that proposed revisions could save...
Commercial Lines Tech Startup Embroker Now Open for Business
Oct 11 2016 // Technology-inspired startup insurance broker Embroker, which bills itself as the first modern business insurance platform, has officially launched. Embroker is a commercial lines platform that empowers — hence the name,...
The Hanover Expands BOP for Small Businesses, Increases Coverage Limits
Oct 7 2016 // The Hanover Insurance Group demonstrates further commitment to supporting small businesses with significant enhancements to its business owner’s policy (BOP) base form and product offerings, adding coverages and...
Assurant Partners with Website Security Firm on Cyberattack Prevention for Small Businesses
Oct 6 2016 // Assurant, Inc., global provider of risk management options, has partnered with website security company GamaSec to help small and medium businesses lower the risk of attacks on their websites. Assurant is providing support...
Zurich Launches Multiline Coverage Product for Mid-Sized Energy Companies
Oct 6 2016 // Zurich Insurance has launched a new approach to deliver insurance coverages for qualified mid-sized energy companies that combines onshore property, casualty, umbrella and inland marine coverages. The new coverage is...
CoverHound’s Cyber Insurance Site Now Open for Small Businesses
Oct 5 2016 // Two weeks after unveiling insurance offerings for small businesses on its online platform, CoverHound has launched another website—CyberPolicy.com—with cyber protection tools for a similar target market. Initially...
Wells Fargo Account Scandal Included Small Businesses, Says Senator
Oct 5 2016 // The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank’s issues with unauthorized...
Houston Machinery Rebuilder Fined $155K for Workplace Hazards
Oct 4 2016 // A machinery rebuilding company in Houston was cited by federal safety regulators on Sept. 28 for exposing employees to workplace hazards. The U.S. Department of Labor’s Occupational Safety and Health Administration...
Florida Approves Increases for Citizens Commercial Property Rates
Oct 4 2016 // The Florida Office of Insurance Regulation (OIR) has issued an order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation. Rates are going up for all accounts except the Commercial...
Hamilton, AIG, Two Sigma Small Business Platform to Launch Q4
Oct 3 2016 // American International Group Inc., Hamilton Insurance Group Ltd. and affiliates of Two Sigma Investments plan to launch Attune, a technology-enabled platform to serve the $80 billion U.S. small to medium-sized enterprise...
