Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Court Now Likely for Joint Employer, Franchise Company Liability Case
Sep 28 2015 // A sanitation company at the center of a major U.S. labor board ruling that could force companies like McDonald’s Corp. to negotiate directly with franchise and contract workers has refused to bargain with workers...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
Sep 22 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...
Aon Benfield Lists 7 Emerging Business Risk Opportunities for Re/Insurers
Sep 21 2015 // Aon Benfield has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years, which the announcement listed as “US mortgage credit, the sharing economy,...
Commercial Insurance Prices Up But Barely: Survey
Sep 21 2015 // Commercial insurance prices increased in aggregate at a modest pace (one percent) during the second quarter of 2015, continuing a trend of ever smaller increases. That’s according to the latest Commercial Lines...
Florida Issues Citizens’ 2016 Commercial Lines Rate Order
Sep 18 2015 // The Florida Office of Insurance Regulation has issued an Order establishing the 2016 commercial lines rates for Citizens Property Insurance Corporation (Citizens). The overall estimated statewide average rate changes are...
Early Data on Workplace Fatalities in California Show Decline
Sep 18 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...
AAIS Says Updated Small Businessowner Program Approved in 26 States
Sep 16 2015 // The American Association of Insurance Services (AAIS) recently filed updated eligibility criteria, endorsements, loss costs, and rating procedures for its Businessowners Program (BOP). To date, the filing has been...
Moody’s Sees 2015 as Turning Point for P/C Commercial Insurers
Sep 15 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,...
Commercial Insurance Prices Up But Barely: Survey
Sep 15 2015 // Commercial insurance prices increased in aggregate at a modest pace (one percent) during the second quarter of 2015, continuing a trend of ever smaller increases. That’s according to the latest Commercial Lines...
D.C. Seeks Public Input on Access to Bank Services, Small Business Capital
Sep 14 2015 // The District of Columbia Department of Insurance, Securities & Banking (DISB) announced on Sept. 11 that it has launched city-wide surveys to study the barriers to banking services for District of Columbia residents...
California Employers Warned about High Heat as Temperatures Soar
Sep 11 2015 // Cal/OSHA is warning all employers throughout the entire state to consider protecting their outdoor workers from heat illness. The National Weather Service has issued high heat advisories and excessive heat warnings for...
ACE Names Leaders for New Chubb Business Units, Major Product Lines
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
Verisk Names Zurich’s Mourad as Senior VP Commercial Lines
Sep 8 2015 // Maroun Mourad, most recently with Zurich Insurance, has joined insurance information provider Verisk Insurance Solutions as senior vice president of Commercial Lines Domestic and Global, ISO Insurance Programs and Analytic...
Nebraska Flooring Company Fined $244K for Workplace Dangers
Sep 4 2015 // Federal safety officials have placed a Norfolk, Neb., flooring manufacturer into a severe violator program for workplace safety hazards and attempting to hide those hazards from safety inspectors. U.S. Department of Labor...
66% of Small Businesses Lack Business Interruption Coverage: Survey
Sep 2 2015 // Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new...
Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market
Sep 1 2015 // Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first...
Atlas General Insurance Services, LLC Commercial Division Announces Further Product Expansion and Enhancements
Sep 1 2015 // San Diego, CA, September 1, 2015 – Atlas General Insurance Services, LLC (“Atlas”) is pleased to announce that it has recently expanded its commercial package, general liability, and inland marine...
Joint Employer Ruling Hikes Parent Companies’ Liability, Unions’ Bargaining Power
Aug 31 2015 // A major ruling handed down on Thursday by the U.S. National Labor Relations Board could give unions greater bargaining power by enabling them to negotiate directly with large parent companies like McDonald’s that...
Franchise Parents, Staffing Firms Ruled Joint Employers Under Labor Law
Aug 28 2015 // More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by a politically split U.S. labor board. The National...
8 Ways Katrina Changed Commercial Property Insurance
Aug 21 2015 // Hurricane Katrina, which devastated New Orleans 10 years ago, is responsible for a number of changes in the commercial property insurance market. According to Rick Miller, U.S. property practice leader at Aon Risk...
