Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Economy, Expenses, Employers’ Clout Likely to Discourage Major Changes to System
Feb 21 2011 // I begin with the following assumptions: The economic situation at the state and federal level will continue — if not worsen — over the next two to five years and unemployment will remain high before falling into the...
Washington Workplace Fatalities Climb 32%
Feb 18 2011 // Workplace deaths in Washington state climbed in 2010, with 86 men and women killed due to job-related trauma, according to a report on work-related fatalities by the Department of Labor & Industries (L&I). The...
Mood on Main Street: Agents on Hardest Hit Small Businesses
Feb 17 2011 // Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been hardest hit by the recession. Restaurants appear to be the second hardest hit. In terms of lines...
Business Risk Partners Launches Combo GL, E&O Coverage for Home Inspectors
Feb 16 2011 // Business Risk Partners is now offering general liability coverage to home inspector firms that purchase errors & omissions insurance. Bundling the two products addresses the increasingly grey areas between GL and...
SpatialKey, MarketStance Partner on Commercial Insurance Analysis
Feb 16 2011 // Spatial Key and MarketStance have formed a strategic partnership to provide commercial insurance carriers with instant, visual insights into market trends, opportunities and distribution channels. MarketStance’s...
Employers Holdings To Report Q4 Earnings Feb. 24
Feb 10 2011 // Reno, Nev.-based Employers Holdings Inc. (NYSE: EIG), whose subsidiaries are specialty providers of workers’ compensation insurance focused on small- and medium-sized businesses, will review the company’s...
Mississippi Bill Lets Employers Buy Health Policies from Other States
Feb 9 2011 // The Mississippi House has approved a plan that would allow employers to buy group health insurance policies anywhere in the country, not just from Mississippi insurers. The House, by an 83-33 margin, passed a bill to enact...
As Small Business Shrinks, Small P/C Insurers Lose
Feb 7 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...
Massachusetts Allows for Terrorism Exclusion in Commercial Insurance
Feb 7 2011 // Commercial property insurers in Massachusetts will be allowed to exclude terrorism coverage from commercial fire insurance policies under a new law signed by Gov. Deval Patrick. The law modifies the standard fire insurance...
As Small Business Shrinks, Small P/C Insurers Lose
Feb 7 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...
How to Become Chief Risk Officer for Small Business Clients
Feb 7 2011 // Some small business owners are expressing their intentions to invest in future growth, as economic storm clouds of the past few years show signs of clearing. The National Federation of Independent Business’ latest...
BB&T Promotes Owen to Director of Commercial Lines in Florida
Feb 3 2011 // BB&T Insurance Services has promoted David Owen to director of commercial lines and BB&T Insurance Services’ at its Fort Myers, Florida office. Owen will also continue as the branch manager of...
Berkley Life Sciences Introduces Admitted Commercial Lines Package
Feb 2 2011 // Berkley Life Sciences, LLC, an insurance underwriting company dedicated solely to the life sciences industry, has begun offering a full suite of commercial lines policies on an admitted basis. The admitted policies will be...
Dean & Draper Recognized for Employee Workplace Satisfaction
Jan 31 2011 // Houston-based Dean & Draper Insurance Agency LP, one of the largest independent insurance agencies in Texas, announced it recently received the honor of being named one of the Best Companies to Work for in Texas...
Marsh Sees Soft Commercial Insurance Market Continuing
Jan 31 2011 // Another report indicates that soft commercial insurance market conditions that persisted throughout the U.S. in 2010 will continue into 2011. Key commercial insurance market drivers from 2009—including intense...
Liberty Northwest Develops Safety Program for Montana Employers
Jan 28 2011 // Liberty Northwest, a Liberty Mutual Agency Corp. regional company, has announced an overall retro rating adjustment of nearly 28 percent in workers’ compensation insurance premium adjustments and premium surcharge...
Massachusetts Allows for Terrorism Exclusion in Commercial Insurance
Jan 28 2011 // Commercial property insurers in Massachusetts will be allowed to exclude terrorism coverage from commercial fire insurance policies under a new law signed by Gov. Deval Patrick. The law modifies the standard fire insurance...
XL Insurance Names Báez-Safa Chief U/W Officer, Professional Lines Commercial Risk
Jan 28 2011 // XL Insurance, the global insurance operations of the XL Group, announced the appointment of Cristiana Báez-Safa as Chief Underwriting Officer Professional Lines for its Commercial Risk business outside of North America....
Hiscox USA Expands Direct, Online Coverage for Small Businesses to NY, Fla.
Jan 26 2011 // Hiscox USA has expanded its small business insurance offering direct and online to professional services businesses with 10 employees or less in New York and Florida. The metro areas in southern New York and southern...
Missouri House Approves Tax Break for Small Businesses
Jan 21 2011 // Missouri House members have given first-round approval to a tax break for small businesses, which is a priority for the chamber’s Republican leaders. The businesses would be eligible for a $10,000 tax deduction for...
