Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
World Insurance Appoints Heads of Personal, Commercial Lines in N.J.
Oct 30 2015 // World Insurance Associates LLC, an independent agency based in Tinton Falls, New Jersey, has hired Cathy Saporito as senior vice president, head of Personal Lines. Saporito joins World Insurance Associates from AIG, where...
Commercial Insurance Rates, Except Auto and Flood, Still Falling: CIAB
Oct 29 2015 // Commercial property/casualty insurance prices continued to decline moderately — an average of 3.1 percent— during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The CIAB...
Arkansas Panel Wants Definition of ‘Small Business’ Expanded
Oct 26 2015 // A legislative panel has asked Arkansas’ insurance commissioner to expand the definition of small businesses so more companies can purchase coverage for their employees through a marketplace. But state Insurance...
K&K to Partner with Producers to Provide New Program Business Markets
Oct 21 2015 // K&K Insurance Group, Inc., a subsidiary of Aon plc, is now accepting property and casualty program business from producers. K&K has provided property and casualty program options for more than 60 years,...
E&O Insights: How Well Are You Managing Your Agency’s Commercial Lines Accounts?
Oct 19 2015 // Ask errors and omissions (E&O) carriers about their results when dealing with commercial lines shops and most, if not all, would comment that heavy commercial lines agencies definitely generate their share of E&O...
10 Things to Know About Commercial Property
Oct 19 2015 // Commercial property insurance continues to be a buyer’s market with additional capacity still making its way into an already overcrowded space. In the current market it is important for the insureds to set goals...
10 Ways to Retain More Commercial Lines Accounts
Oct 19 2015 // It’s costly to sell new commercial lines accounts. In addition to the various prospecting and marketing costs, there is fact gathering/front line underwriting, pricing, proposal preparation and presentation – and...
AIG Makes Leadership Changes at Commercial Insurance
Oct 16 2015 // American International Group (AIG) announced leadership appointments in its Commercial Insurance business, including a new chief underwriting officer and the newly-established roles of global head of Cyber, and presidents...
Atlas General Insurance Services, LLC Hires Lee Glaser as the Senior Vice President of the Commercial Division
Oct 15 2015 // San Diego, CA, October 15 2015 – Atlas General Insurance Services, LLC, a National multi-line program administrator, welcomes Lee Glaser as the new Senior Vice President of the Commercial Division. In his new role, Lee...
Correction: Ohio Second in Midwest for Workplace Fatalities
Oct 14 2015 // Data from the U.S. Occupational Safety and Health Administration show Ohio with the second-highest number of workers killed on the job in the agency’s Midwest region this past fiscal year, behind Illinois. A previous...
Take Command Health, Zane Benefits Partner to Serve Small Businesses in Texas
Oct 9 2015 // Take Command Health, a Texas-based startup dedicated to helping individuals choose and save on their health insurance, is partnering with Zane Benefits to provide Texas businesses with fewer than 50 employees with health...
Workplace Injuries Lead to $1.4M in Fines for Ohio Chicken Processor
Oct 7 2015 // A supplier of fast food and supermarket chicken is facing more than $1.4 million in fines this year for worker safety and health violations at Ohio facilities, including several that led a teenage worker to suffer the...
Texas Weapons Manufacturer Fined $197K for Workplace Hazards
Oct 7 2015 // Federal safety officials have fined a Texas-based weapons manufacturer $197,000 for putting workers at risk. Maverick Arms Inc. in Eagle Pass, Texas, was cited on Sept. 30, 2015, by the U.S. Department of Labor’s...
Report Shows 120 Louisiana Workplace Fatalities in 2014
Oct 6 2015 // A new federal report says 120 Louisiana workers died on the job last year — six more than in 2013. New Orleans City Business reports that the Bureau of Labor Statistics found the largest number of such deaths — 37 —...
QBE Names Allianz’s Grote SVP, P/C Commercial Lines
Oct 5 2015 // QBE North America has welcomed a veteran industry executive to its leadership team. Walter Grote has joined QBE North America as senior vice president, commercial property/casualty, and will be based in the Chicago...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
Oct 5 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
Moody’s Sees 2015 as Turning Point for P/C Commercial Insurers
Oct 5 2015 // The outlook for the U.S. property/casualty commercial insurance sector is stable but insurers will begin to feel the pressure from compressing margins, according to Moody’s Investors Service. In a new report,...
Early Data on Workplace Fatalities in California Show Decline
Oct 5 2015 // The Department of Industrial Relations has posted preliminary workplace fatality statistics for California in 2014 that show a decline. The Census of Fatal Occupational Injuries data reflect a total of 334 fatal work...
Florida Establishes Citizens’ Commercial Lines Rates for 2016
Oct 5 2015 // The Florida Office of Insurance Regulation (FLOIR) issued an order on September 17 establishing the 2016 commercial lines rates for Citizens Property Insurance Corp. The overall estimated statewide average rate changes are...
Morgan Stanley Among Employers Shifting Job Bias Claims to Arbitration
Oct 2 2015 // Morgan Stanley is asking employees to give up their right to sue the firm in class actions for civil rights violations including discrimination based on race, gender or age, according to a former employee’s...
