Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Startup Embroker CEO Miller Pursues ‘Massive Improvement’ Over Disruption in Commercial Insurance Brokerage
Jun 15 2016 // Within venture capital circles, the insurance industry is sexy right now. It seems not a week goes by without another startup being announced, some with niche angles such as peer-to-peer distribution, insurance for...
Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
Jun 13 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the...
Assurant, MyDigitalShield to Offer Small Business Data Breach Support
Jun 9 2016 // Assurant, Inc. has teamed up with cybersecurity specialist MyDigitalShield to help protect small businesses against losses from data breaches. Assurant will provide support for MyDigitalShield’s data breach...
Chubb Offers Package Policy for UK & Ireland Middle Market Firms
Jun 8 2016 // Chubb has launched a comprehensive single property and liability package insurance policy for middle market businesses in the UK and Ireland. “MasterPackage” is designed to meet the needs of UKI business with...
Court Hears Appeal of Expanded Joint Employer Liability Rule
Jun 8 2016 // A California waste management company at the center of a closely watched case told a U.S. appeals court on Tuesday that the new U.S. labor board standard for “joint employment” is so broad and vague that it...
Shults to Lead The Hartford’s Middle Market Central Division Sales, Underwriting
Jun 6 2016 // The Hartford has appointed Mark Shults as division executive for Middle Market sales and underwriting operations in The Hartford’s Central Division. He is based in Frisco, Texas. The Central Division encompasses...
P/C Commercial Insurance Business Expected to Deteriorate
Jun 6 2016 // Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The expected decline would...
Abacus Insurance Brokers Launches Professional Small Business Program
Jun 3 2016 // Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has launched its online Professional Small Business Program. The program provides general liability,...
Liberty Mutual Announces 3 Commercial Insurance Leadership Appointments
Jun 3 2016 // Liberty Mutual announced three senior appointments to its Commercial Insurance operating unit. Mike Fallon is appointed president, National Insurance, which helps large and specialized businesses with risk management....
Idaho Potato Processor Fined $273K for Workplace Hazards after Gas Release
Jun 2 2016 // Federal authorities have fined an Idaho food processing company $273,000 following the release of a dangerous gas. The Occupational Safety and Health Administration assessed the fine against Dickinson Frozen Foods. Federal...
Ohio Gun Shop Faces $194K in Fines for Workplace Hazards
May 31 2016 // Federal safety and health investigators say employees of an Ohio gun shop may face life-long health damage because their employer continues to expose them to lead hazards and has failed to establish a respiratory...
Travelers Promotes Toczydlowski to President, Business Insurance; Spadorcia Retires from Personal Insurance
May 26 2016 // The Travelers Companies Inc. announced that Greg Toczydlowski, executive vice president, has been promoted to president of Business Insurance. Toczydlowski most recently served as executive vice president and president,...
Chubb Names Polyblank to Head UK, Ireland Small-Medium Business Unit
May 25 2016 // Chubb has appointed Ruth Polyblank, currently head of Marketing and Customer Strategy for the UK and Ireland, to the new role of head of SME (small and medium sized enterprises) for the UK and Ireland. Polyblank will have...
Tough Times for Commercial Auto Insurance: Fitch
May 23 2016 // While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015. In...
Large, Mid-Sized Agencies See Revenue Growth in Q1: Reagan
May 23 2016 // Organic revenue growth at privately-held large and mid-sized insurance agencies bounced to 5.1 percent for the first quarter of 2016, up from 4.6 percent for the full year 2015, according to the latest Reagan Consulting...
Whistleblower Lawsuit Leads to $190.5K Penalty for Illinois Employer
May 20 2016 // Federal safety officials say an Illinois company has been ordered to pay $190,547 in back wages and damages to a safety manager in a whistleblower case stemming from a Lansing, Ill., facility. The U.S. Department of...
Fitch Expecting P/C Commercial Insurance Business to Deteriorate
May 19 2016 // Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The expected decline would...
Hiring Alert: 88% of Employers Find Misrepresentations in Resumes
May 13 2016 // Employee resumes are very likely to contain misrepresentations and candidates’ job histories and education backgrounds aren’t what they seem, according to a survey of recruitment and human resource...
Generali Forms Global Business Lines & International Unit; de Courtois to Lead
May 12 2016 // Assicurazioni Generali has formed a new operational division called Global Business Lines & International, which will be led by Frédéric de Courtois who is moving from AXA Italy in September. The new unit...
Large, Mid-Sized Agencies Grew 5%, Maintained Strong Profit in Q1: Reagan
May 10 2016 // Organic revenue growth at privately-held large and mid-sized insurance agencies bounced to 5.1 percent for the first quarter of 2016, up from 4.6 percent for the full year 2015, according to the latest Reagan Consulting...
