Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
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...
Commercial Rates Fell 2% in April: MarketScout
May 9 2016 // Commercial insurance prices fell 2 percent for April as compared to 3 percent in March and 4 percent in January and February 2016. Rates changed in most coverage classifications with property, business interruption,...
HSB Extends Identity Theft Insurance to Small Business Owners for Employees
May 6 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is extending the availability of its identity theft insurance and services to the employees of small to mid-sized businesses as a standalone policy for...
The Hartford: St. Louis Small Businesses Seek Significant Growth
May 3 2016 // The Hartford says a recent survey shows that St. Louis small business owners are looking for significant growth this year. According to The Hartford’s 2015 Small Business Success Study, 56 percent of St. Louis owners...
Commercial Auto Insurance Remains a Loser on the Whole: Fitch
May 3 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...
Washington Workplace Deaths in 2015 Fell to Near-Historic Low
May 2 2016 // Workplace deaths in Washington fell to a near-historic low in 2015, according to a Department of Labor & Industries report out in mid-April. Last year there were 58 work-related deaths in the state, 18 fewer than in...
Employers Pay as 32% of Opioids Prescriptions Are Abused: Report
May 2 2016 // Nearly one out of every three (32 percent) opioid prescriptions, which are subsidized by America’s employers, is being abused, according to a report by a healthcare data and technology company. San Francisco-based...
Alaska Assisted Living Home Faces $75K Fine for Workplace Death
Apr 29 2016 // State labor officials have fined an Anchorage assisted living home $75,000 for alleged safety and health violations in the death of a caregiver who was killed by a resident of the home. The Alaska Department of Labor and...
Texas Roofer Fined $80K for Repeated Workplace Hazards
Apr 28 2016 // Federal safety regulators have levied $80,280 in penalties against Quick Roofing LLC for repeatedly exposing workers to falls, ladder hazards and eye injuries. The Occupational Safety and Health Administration (OSHA) said...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
OSHA Fines Storage Tank Company $95K for Missouri Workplace Hazards
Apr 22 2016 // A federal agency has found that a storage tank manufacturer is continuing to expose workers in Missouri to hazardous levels of a chemical than can cause lung cancer and other health problems. The Occupational Safety and...
Employers Pay As 32% of Opioid Prescriptions Are Abused: Report
Apr 21 2016 // Nearly one out of every three (32 percent) opioid prescriptions, which are subsidized by America’s employers, is being abused, according to a report by a healthcare data and technology company. San Francisco-based...
