Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
A.M. Best Downgrades Michigan Commercial Insurance Mutual
Dec 8 2010 // A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb” from “a-” of Michigan Commercial Insurance Mutual (MCIM) in Lansing,...
AAIS to File Revised, Expanded Commercial Umbrella Program
Dec 7 2010 // The American Association of Insurance Services (AAIS) is initiating a countrywide filing of a revised, expanded commercial umbrella program. The program’s policy forms will be filed with a proposed effective date of...
Employees Beware: Employers Monitor Twitter, Facebook, Internet Posts
Dec 5 2010 // Those photos on Facebook showing you palling around with drunks, the raunchy joke you posted on Twitter, and those links to politically incorrect groups on your personal web site -all of this information can now become...
Network Matches At-Home Insurance Retirees with Employers
Dec 5 2010 // Introducing WAHVE, Where Outsourcing Is Not a Foreign Concept As more and more experienced insurance agency and carrier employees discover their retirement income isn’t what they thought it would be, many are happy...
Employers With Foreign Labor Face Increased Liability
Dec 5 2010 // Insurance Considerations for Agents Insuring Agricultural Employer Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce...
Michigan Jury Hears Case on Employer’s Liability for Drunk Employee
Dec 2 2010 // Should an employer be held liable for a fatal car crash caused by a drunken driver who was an executive of the firm? A federal jury in Michigan is hearing the wrongful death suit brought by Gary Weinstein, whose wife and...
Texas Employers Now Can Report Workers’ Comp Status Online
Nov 24 2010 // State law requires Texas employers who do not carry workers’ compensation insurance coverage to report their non-coverage status and work-related injuries and illnesses to the Texas Department of Insurance, Division...
Hiscox/Employers Partner to Provide Workers’ Comp to Small Businesses
Nov 18 2010 // Hiscox USA and Reno, Nev.-based Employers have joined forces to provide small businesses workers’ compensation insurance through Hiscox Small Business Insurance. The offering is direct-to-small business, online...
Employer Leave of Absence, Return-to-Work Process a Potential Minefield
Nov 17 2010 // Managing multiple leaves of absence and the return-to-work process may require navigating a maze of complementary and conflicting requirements. Yet it’s important to manage these decisions properly, as appropriate...
Soft Commercial Lines Market to Persist: Marsh
Nov 17 2010 // Soft U.S. commercial insurance market conditions are expected to persist through the fourth quarter of 2010, according to preliminary rate information published by Marsh. So far in the fourth quarter, Marsh said its...
Employers Given More Leeway to Switch Providers Under Obamacare
Nov 16 2010 // U.S. employers offering health insurance to workers will not lose protected status under the new healthcare law if they decide to switch healthcare plan providers, U.S. administration officials said Monday. At issue is...
Calif. Workplace Injuries on Decline
Nov 11 2010 // While the recession drove California’s average annual employment down 3.7 percent in 2009, the number of work injuries and illnesses reported by California employers showed an even sharper decline, falling 9.2...
Business Risk Partners Offers Distressed Banks Coverage
Nov 11 2010 // For banks under regulatory oversight, Business Risk Partners (BRP) is now offering professional and management liability protections for distressed community banks, including hard-to-find Regulatory Defense Cover for...
2009 Workplace Injury, Illness Rates Tumble in Indiana
Nov 5 2010 // State officials say Indiana’s nonfatal workplace injury and illness rate tumbled 12 percent last year compared to 2008. The state Department of Labor says the rate of occupational illnesses and injuries dropped to...
Bradway Joins Business Risk Partners
Nov 4 2010 // Connecticut-based managing general agency Business Risk Partners has named Mark Bradway as director of broker relations. He has worked in specialty liability for over a decade. He began his career at wholesale insurance...
Employers Holdings Financial Strength Rating Affirmed at ‘A-‘
Nov 2 2010 // Insurance rating bureau A.M. Best has affirmed the financial strength rating of Reno, Nev.-based Employers Holdings Inc.of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Employers Insurance Group and...
Network Matches At-Home Insurance Retirees with Employers
Nov 1 2010 // Introducing WAHVE, Where Outsourcing Is Not a Foreign Concept Because All Workers Are from U.S. As more and more experienced insurance employees discover their retirement income isn’t what they thought it would be,...
Lockton: Commercial Lines Capacity ‘Remains Plentiful’
Oct 29 2010 // Underwriting capacity remains plentiful across most lines of commercial insurance and there are no significant insurance coverage restrictions, despite major losses associated with the Deepwater Horizon spill and the...
Court Orders Employer to Pay $100K to Texas Mutual
Oct 28 2010 // A Travis County district court has sentenced Joffrey Majors of Parker, Texas on workers’ compensation fraud-related charges. The court sentenced Majors to four years’ deferred adjudication and ordered him to...
Liberty Northwest Launches Commercial Series for Small to Mid-Sized Businesses
Oct 27 2010 // Liberty Northwest, a Liberty Mutual Agency Markets regional company, today announced the launch of the Liberty Northwest Commercial Series, its insurance solution for small to medium-sized businesses. The portfolio...
