Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers
Mar 26 2014 // Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance....
Texas Issues Special Data Call for Commercial Property Insurance Coverage
Mar 24 2014 // The Texas Department of Insurance is issuing a special catastrophe areas data call to property/casualty insurers who write direct commercial property and businessowners insurance in Texas. Information collected under this...
Oregon Workplaces Claim 29 People In 2013
Mar 24 2014 // State workplace safety officials say 29 people died on the job in Oregon during 2013. The statistics released last week by the Department of Consumer and Business Services show a slight decrease from 2012’s figure of...
Commercial Lines Price Hikes Slowing: Towers Watson
Mar 24 2014 // Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during the fourth-quarter of 2013. But price gains are slowing down, says Towers Watson. The global...
Agents Can Help Small Businesses Stay on Top of New Risks: Hartford School
Mar 20 2014 // Small businesses face a myriad of challenges throughout the business life cycle as they embark on new ventures and grow their operations. And insurance agents can serve as their guide and help them understand risks and...
New Jersey’s Small Business Owners Say Sandy Grants Don’t Add Up
Mar 13 2014 // A group of small business owners in New Jersey is the latest to criticize how New Jersey is awarding federal money to help recover from Superstorm Sandy, complaining the state has parceled out only a fraction of the grant...
Employers Raise Employees’ Deductibles to Curb Health Costs
Mar 13 2014 // Four of five U.S. companies have raised deductibles or are considering doing so as health costs increase, according to a survey of more than 700 employers. About one-third of the companies have already increased...
Federal Report Details Problems at Indiana’s Workplace Safety Agency
Mar 12 2014 // Federal investigators say Indiana’s workplace safety agency mishandled complaints, put its inspectors under strict time constraints and didn’t help whistleblowers. The federal Occupational Safety and Health...
Maine Gov. LePage Resists Workplace Safety Data Plan
Mar 11 2014 // A proposal from the federal government to make more specific workplace safety data available online could violate individuals’ privacy and embarrass employers and workers, Maine officials said. Republican Gov. Paul...
Illinois Medical Marijuana Law Poses Workplace Dilemma
Mar 11 2014 // Illinoisans hoping to make use of the state’s fledgling medical marijuana law may risk their jobs if their employers opt to maintain or adopt zero-tolerance drug policies. The Rockford Register Star reported that the...
Commercial Lines Price Hikes Slowing: Towers Watson
Mar 11 2014 // Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during fourth-quarter 2013. But price gains are slowing down, according to Towers Watson. The global...
Travelers: Strain Is Most Common Workplace Injury in Texas
Mar 10 2014 // The four most common workplace injuries among Texas employers in 2013 were strains, sprains, fractures and contusions, according to a recent analysis of Travelers’ 2013 workers’ compensation claim...
Report Lists Indiana’s Workplace Safety Problems
Mar 7 2014 // Federal investigators say Indiana’s workplace safety agency mishandled complaints, put its inspectors under strict time constraints and didn’t help whistleblowers. The federal Occupational Safety and Health...
Changes at Top for AIG Commercial Lines: Smith Named COO; Shea, Thomas Head Global Lines
Mar 5 2014 // American International Group Inc. announced senior leadership changes in its Commercial Insurance business, naming Michael Smith as chief operating officer (COO). Also, James Shea has been appointed president of Global...
Non-Fatal Workplace Injuries in Ohio Below National Average
Feb 24 2014 // Ohio’s rate of non-fatal workplace injuries is below the national average, according to the head of the state’s primary workers’ compensation insurance provider. Ohio Bureau of Workers’ Compensation...
Commercial Insurance Markets Looking Favorable in 2014: Marsh
Feb 24 2014 // The ample capacity and competition that helped temper firming of U.S. commercial insurance rates in 2013 is expected to continue into 2014, unless catastrophe losses turn out higher than expected, according to a report by...
Ascot Underwriting Limited Appoints American Claims Management to Manage Commercial Property Program
Feb 20 2014 // San Diego, Calif. (02/20/2014) – American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that effective January 1, 2014, it began claims handling for the Commercial...
More Employers to Move to Private Health Insurance Exchanges
Feb 19 2014 // One-third of U.S. employers plan to move their workers’ healthcare coverage to a private exchange in the next few years, a survey found, following the lead of companies like Walgreen Co. seeking to reduce...
Small Business Online Insurer AssureStart Now Writing in Maryland, Pennsylvania
Feb 14 2014 // AssureStart, a Seattle-based start-up direct company that sells small business insurance on the Internet, has opened for business in Maryland and Pennsylvania. Owned primarily by American Family Insurance, AssureStart...
President’s Delay of Employers’ Healthcare Mandate on ‘Shaky’ Legal Ground: Experts
Feb 12 2014 // The Obama administration may have pushed the bounds of its legal authority by delaying the healthcare law requirement that certain employers provide coverage to full-time workers, but the move will be tough to challenge in...
