Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
MMA Insurance UK Expands Commercial Auto Coverage
Aug 22 2011 // The UK’s auto (motor) insurance market is extremely competitive, and over the past few years usually unprofitable. As a result a number of insurers are reducing capacity and/or contracting their distribution for...
Business Risk Partners Launches Lloyd’s-Backed Miscellaneous E&O Form
Aug 19 2011 // Business Risk Partners (BRP) now offers a new standard professional liability (E&O) policy form for hundreds of service professions. Policies will be underwritten by Lloyd’s of London, the company’s partner...
Florida Employers May Face Higher Workers’ Compensation Costs
Aug 19 2011 // Florida business owners could see their workers’ compensation premiums go up if regulators agree to raise rates by a recommended statewide average 8.9 percent. The National Council of Compensation Insurance (NCCI)...
Agents Say Insurers Out of Touch with Needs of Small Businesses
Aug 11 2011 // Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one, carriers have been busy coming out with new products and coverage enhancements for...
Acentria Acquires Florida’s Concord Commercial Insurance
Aug 4 2011 // Destin, Florida-based insurance agency Acentria has acquired Concord Commercial Insurance Agency in Punta Gorda, Florida. Bob and Tyler Wilson along with their employees are joining Acentria and continue to offer...
How Top 100 Firms Impact Business Risk
Aug 1 2011 // Many members of the Insurance Journal Top 100 have at least one business objective in common. They all understand the importance of impacting their client’s business risks. These include not just the hazard risk but...
CNA Enhances Real Time Quoting System for Small Business Agents
Jul 28 2011 // Chicago-based CNA announced enhancements to its Real Time Quoting system for agent quoting of Small Business accounts. The company said CNA’s newest Real Time Quoting solution enables Small Business agents and...
Calif. Court Limits Employer’s Liability in Acts by Employees
Jul 18 2011 // The California Supreme Court has confirmed a limitation on an employer’s potential tort liability for the acts of its employees, with a particular emphasis on employees operating motor vehicles in the course of their...
As Small Business Shrinks, Small P/C Insurers Lose
Jul 18 2011 // The property/casualty small business sector – those accounts with less than 50 employees – has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and...
Samsung Says Study Finds Workplace Isn’t Cause of Employees’ Cancer
Jul 14 2011 // A study commissioned by Samsung Electronics rejected assertions that employees may have been exposed to carcinogenic chemicals at its plants, as several cancer-stricken former employees of the world’s top memory...
Workers’ Comp Rates for Ohio Marine Industry Employers Decrease 20%
Jul 8 2011 // The Ohio Bureau of Workers’ Compensation (BWC) has reduced its rates for marine industry employers by 20 percent, effective July 1, the BWC said. The change lowers the rates for employers conducting business on Ohio...
NFIB, EMPLOYERS Expand Workers’ Comp Program to Eight More States
Jul 6 2011 // The National Federation of Independent Business (NFIB) has extended its discounted workers’ compensation coverage benefits to its members in Minn., Ky., S.C., Iowa, Nev., Utah, Idaho and Ore. through...
New York Deregulates Large Commercial Lines
Jul 4 2011 // New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial insurance products and rates. The bill exempts insurance policies written for large...
Make Employers’ Provision of Group Health Insurance Easier, Less Costly
Jul 4 2011 // More than half of all Americans receive health insurance through an employer. Let me advance a bold premise: This is not entirely a bad thing. By insuring 150 million of us, employer-based plans relieve government of the...
Commercial Auto Claims on the Rise – Will Rates Come Next?
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
Calif. Court Limits Employer’s Liability in Acts by Employees
Jun 29 2011 // The California Supreme Court has confirmed a limitation on an employer’s potential tort liability for the acts of its employees, with a particular emphasis on employees operating motor vehicles in the course of their...
Mid-Size Firms Expect Higher Profits, More Borrowing: Poll
Jun 29 2011 // Nearly two-thirds of mid-size U.S. companies expect higher profits in the next 12 months, and many plan to borrow more and increase hiring and investment, according to a survey by JPMorgan Chase & Co. The survey...
Most Commercial Insurance Buyers Expect Flat Rates: Barclays
Jun 29 2011 // Commercial property/casualty insurance prices are stabilizing, with 70 percent of buyers expecting at least flat rates after years of declines, Barclays Capital said Tuesday. The firm’s survey of 50 large buyers...
New York Approves Deregulation of Large Commercial Insurance Products
Jun 24 2011 // New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial insurance products and rates. The bill exempts insurance policies written for large...
Federal Healthcare Law Seen Aiding Small Employers: Study
Jun 22 2011 // Fewer Americans are getting medical coverage through their jobs than a decade ago but the 2010 U.S. healthcare law should help stabilize employer-sponsored insurance, two studies released Tuesday showed. The studies,...
