Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
AIG Commercial Lines CEO Schimek Eyes Acquisitions for Value-Added, Not Scale
Sep 12 2016 // American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance...
Work Comp Bureau Funding Workplace Safety Research at Ohio Universities
Sep 12 2016 // The state Bureau of Workers’ Compensation has awarded two Ohio universities with money to research occupational health and safety. The grants support research in how injuries can prevented in the workplace and ways...
How Employer Cash Flow Impacts Workplace Safety
Sep 7 2016 // More than 3.5 million workplace injuries and illnesses occur each year in the United States, costing an estimated $250 billion annually. A new study from The University of Texas at Dallas examined how financing constraints...
Nurses on Strike at 5 Minnesota Hospitals over Insurance, Workplace Safety
Sep 6 2016 // Thousands of nurses at five Minnesota hospitals on Sept. 5 began an open-ended strike in a dispute over health insurance, workplace safety and staffing. Clad in red T-shirts, members of the Minnesota Nurses Association,...
Finding Clues to Spot Violence in the Workplace
Sep 6 2016 // In most incidents involving violence in the workplace, there are warning signs that precede an event, according to Jim Satterfield, president, COO and founder of crisis coaching firm Firestorm. According to a Firestorm...
Workplace Deaths on Rise in Missouri
Sep 1 2016 // Missouri has seen an increase in the number of workers killed while on the job, according to the Occupational Safety and Health Administration. Agency officials said 24 workplace deaths have been reported since...
Stoneburner to Retire; Spray to Lead Commercial Lines at Cincinnati Insurance
Aug 23 2016 // Cincinnati Financial Corp. announced that Charles P. (Bud) Stoneburner II, senior vice president – commercial lines for its lead subsidiary, Cincinnati Insurance Co., will retire within the next six months. Upon his...
Man Pleads Guilty to Stealing $1.4M from Pennsylvania Employer
Aug 22 2016 // A man federal prosecutors say was victimized in an overseas, online romance scam has pleaded guilty to wire fraud for stealing more than $1.4 million from two Pittsburgh, Penn., area companies whose funds he controlled,...
Small Business Satisfaction
Aug 22 2016 // No longer able to compete primarily on price, insurers are now focusing their efforts on pleasing customers, with the payoff being a significant increase in satisfaction among their small business commercial customers,...
New Jersey Manufacturer Faces $56K in Fines for 10 Workplace Safety Violations
Aug 19 2016 // National Manufacturing Co. Inc. of Chatham, N.J., was cited in July by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for 10 workplace safety violations, amounting to $56,000 in...
BTIS Announces Launch of New Online Commercial Auto Program
Aug 18 2016 // Rocklin, CA, August 18, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of a new instant online quote Commercial Auto program, available in 30...
New York Court Rules in Favor of Injured Electrician Seeking Recovery From Employer
Aug 15 2016 // A New York court has ruled in favor of an electrician seeking recovery of unsatisfied judgment from his employer and its insurance company after being injured on the job. Pramendra Persaud was injured after falling off of...
New York Woman Faces 5 Years in Prison for Stealing $492K from Employer
Aug 10 2016 // A 61-year-old New York woman has been sentenced to prison time for stealing nearly half a million dollars from her longtime employer. The Erie County District Attorney’s Office said Bernadette Szymanski of...
Crain Shutters Business Insurance Publication to Focus on Markets with ‘Proven Growth Potential’
Aug 9 2016 // Business Insurance – a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The publication’s...
Insurer Focus on Customers, Unique Policies Boosts Satisfaction Among Small Business Owners
Aug 9 2016 // No longer able to compete primarily on price, insurers are now focusing their efforts on pleasing customers, with the payoff being a significant increase in satisfaction among their small business commercial customers,...
Planning for the Worst: Terrorism and Workplace Violence
Aug 8 2016 // Several recent manmade events, including the attack at Pulse nightclub in Florida and the Belgium airport terrorist bombing, highlight the vulnerability of the workplace. Workplace violence costs employers more than $120...
Massachusetts Lowers Employer Assessment
Aug 8 2016 // The Massachusetts Department of Industrial Accidents (DIA) reduced the assessment that private employers pay to the state on workers’ compensation policies to 5.6 percent of the policy premium for the new fiscal...
Texas Manufacturer Faces $99K in Penalties Over Workplace Hazards
Aug 5 2016 // A Texas-based pre-cast concrete structure manufacturer has been cited by federal safety officials for 17 repeat, serious workplace safety violations and faces penalties totaling $99, 248. The Turner Company LLP was cited...
Houston Tortilla Factory Fined Nearly $107K for Workplace Hazards
Aug 4 2016 // Federal safety officials have proposed penalties of $106,700 against a Houston tortilla factory over unsafe conditions at the company’s workplace. The U.S. Department of Labor’s Occupational Safety and Health...
Federal Workplace Safety Violation Fines Going Up Aug. 1
Jul 27 2016 // Businesses that are found in violation of federal occupational safety and health laws will pay more in penalties starting Aug. 1. Under a law passed by Congress last year, penalties that were last adjusted in 1990 are...
