Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Workplace Fatalities Decline in Michigan
Oct 28 2014 // Michigan’s rate of job-related deaths has decreased in recent years even as more people enter the workforce following the economic recession. The Detroit News reports federal data show Michigan’s rate of...
Employers Hires Hanover’s Collins as East Regional Sales VP
Oct 23 2014 // Employers Holdings Inc. in Reno, Nevada, has hired Martha Collins as vice president, regional sales for the eastern region that includes 16 states. Collins will be based in Baltimore, Maryland. Collins brings to Employers...
Three ‘Common Sense’ Tactics for Commercial Lines Prospecting
Oct 20 2014 // Prospecting for fresh insurance leads is the soil of sales. And as any horticulturist can tell you, good earth is required to grow anything – including your agency. You can delegate this core function to a third party...
10 Things to Know About Commercial Property
Oct 20 2014 // Prices for commercial property insurance fell during the second quarter of 2014, marking the first time in three years that property prices fell, according to a recent Towers Watson survey. The survey showed that over half...
Exposure Analysis Checklists in Commercial Lines
Oct 20 2014 // For the last 25-plus years, the No. 1 cause of errors and omissions (E&O) claims has been “failure to provide the proper coverage.” In 2013, many E&O carriers reported that this accounted for more...
Sindle Joins Hub International Commercial Division California
Oct 16 2014 // Hub International Insurance Service Inc. has named Christopher Sindle a sales consultant in the commercial division based in Folsom, Calif. In addition to his commercial brokerage production role, Sindle will serve as a...
Obamacare Mitigates Costs for Big Employers, Refuting Lobbyists’ Predictions
Oct 16 2014 // Business groups said soon after Obamacare became law in 2010 that the sweeping healthcare overhaul would impose huge new costs on U.S. employers, leading to job losses. Three years later, with the Patient Protection and...
Zurich NA Names Cooper Regional Leader for Commercial Markets
Oct 8 2014 // Commercial property and casualty insurer Zurich North America, named Marcus Cooper is now the commercial markets regional leader for the South. He is based at Zurich’s North America headquarters in Schaumburg,...
In Wisconsin Workplace Deaths on the Decline
Oct 6 2014 // New data shows the number of workplace deaths is declining in Wisconsin. Ninety-six people died in work-related incidents in 2013, that’s down from 114 deaths the year before. A sharp drop in violent occupational...
Additional $1B Ohio BWC Rebate OK’d; Public Employer Rate Reduction Proposed
Oct 6 2014 // Ohio employers will receive another $1 billion rebate and workers will benefit from a major new investment in worker safety research and training, according to the Ohio Bureau of Workers’ Compensation (BWC). The...
EEOC Suits Against Employers Allege Transgender Bias
Sep 30 2014 // A funeral home and an eye clinic that fired employees who had changed their sex from male to female were sued last week as the U.S. government filed its first-ever federal lawsuits for transgender discrimination. The cases...
Employers Names Hulse Vice President, Western U.S. Sales
Sep 30 2014 // Reno, Nev.-based Employers has named Kimberly K. Hulse vice president of regional sales for its Western region. Hulse will be based out of EMPLOYERS’ headquarters in Reno, Nevada. She will work under the direction of...
Atlas General Insurance Services, LLC, Named One of the Best Places to Work in Insurance in 2014 by Business Insurance
Sep 30 2014 // San Diego, Calif. (Sept. 30, 2014) – Atlas General Insurance Services, LLC, has been named one of the Best Places to Work in Insurance by Business Insurance. Atlas General was recognized for its excellence in providing a...
Ohio BWC Board Approves Additional $1B Rebate to Employers
Sep 26 2014 // Ohio employers will receive another $1 billion rebate and workers will benefit from a major new investment in worker safety research and training, according to the Ohio Bureau of Workers’ Compensation (BWC). The...
Top 10 Causes of Business Insurance Losses
Sep 22 2014 // Nearly 70 percent of business financial losses arise from 10 causes of loss, with the largest single identified cause being ship groundings, reflecting the high values of modern shipping risks, followed by fires and...
Rate Changes in Store for Louisiana Citizens Commercial Insurance Customers
Sep 22 2014 // Premiums for almost all of Louisiana Citizens Property Insurance Corp.’s commercial customers will increase an average of 2.3 percent beginning in February, under a proposed rate filing. But the 307 customers whose...
Chicago Rideshare Law Requires $1M Commercial Auto, $1M CGL Cover
Sep 22 2014 // Illinois Gov. Pat Quinn’s veto of legislation that would have implemented statewide regulation of commercial rideshare organizations, or transportation network companies (TNCs), put the spotlight on the Chicago...
Commercial Rates in Florida’s Citizens Going Up 3.3%
Sep 21 2014 // Rates for the almost 100,000 commercial property risks insured by Florida’s Citizens Property Insurance Corp. will rise an average 3.3 percent next February. The Florida Office of Insurance Regulation (OIR) has...
Oklahoma Plating Company Fined $341.5K for Workplace Safety Violations
Sep 19 2014 // Pride Plating Inc. in Grove, Okla., was cited on Sept. 4 by the U.S. Department of Labor’s Occupational Safety and Health Administration for exposing workers to cancer-causing health hazards from hexavalent chromium....
Allianz to Assume Fireman’s Fund Commercial Lines; Future of Personal Lines Uncertain
Sep 17 2014 // German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman’s Fund Insurance Co. into one of its own global divisions. Meanwhile, after days of declining to...
