Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
AIG to Offer Banks ‘Commercial Umbrella’ Endorsement for Basel II
Oct 22 2008 // AIG Excess Casualty ®, a unit of AIG Commercial Insurance, announced that it is offering an endorsement to its commercial umbrella policy to help U.S. banks operating overseas meet Basel II requirements. “Basel...
Virginia Workplace Fatalities Drop 15 Percent
Oct 22 2008 // Workplace fatalities in Virginia dropped 15 percent in 2007 to their lowest level since 1995. The Virginia Census of Fatal Occupational Injuries reported that 141 on-the-job fatalities were reported last year compared to...
Yates & Associates Names New Business P&C Underwriter/Broker
Oct 21 2008 // Yates & Associates of Tustin, Calif., announced that Denise Plecas will be joining the underwriting department as underwriter/broker – new business P&C. Starting as a receptionist at Hull & Co. in...
Texas Supreme Court Revisits Workplace Injury Case
Oct 20 2008 // The Supreme Court of Texas recently held a rare rehearing of a unanimous decision listening to arguments about whether it erred last year in ruling that a contract employee who suffered on-the-job injuries couldn’t...
AIG Commercial Insurance Battles Back
Oct 20 2008 // Execs Say Balance Sheet, Underwriting Appetite Remain Strong as Ever Exclusive Insurance Journal Interview with AIG Commercial Insurance CEO John Doyle and CFO Rob Schimek The very strengths in its balance sheet, surplus,...
AIG Commercial Insurance Unit Financially Fit and Fighting Back
Oct 14 2008 // The very strengths in its balance sheet, surplus, underwriting and personnel that have made the Commercial Insurance unit of American International Group (AIG) a market leader are keeping it competitive even while the...
New Ohio Workers’ Comp Law to Help 40,000 Employers
Oct 13 2008 // A new law has gone into effect that erases a competitive disadvantage for roughly 40,000 Ohio employers paying workers compensation premiums. For years, about 40,000 of the roughly 280,000 Ohio employers paying...
Small Business Owners Unfamiliar With Risks in Self-Insured Groups’ Workers’ Comp Insurance
Oct 10 2008 // Small business owners are not fully aware of the financial risks involved in obtaining workers’ compensation insurance through self-insured groups, according to the results of the most recent Small Business Opinion...
State Auto Middle Market Adds Blackmon as New Vice President
Oct 8 2008 // Ben Blackmon has been named zone vice president of the State Auto Middle Market Insurance (SAMMI) Midwest Zone office in Naperville in suburban Chicago. Blackmon began his insurance career as an independent insurance agent...
Kentucky Employers’ Mutual Lowers Workers’ Comp Rates
Oct 7 2008 // Kentucky Employers’ Mutual Insurance, a workers’ compensation insurance provider, lowered its rates for numerous industries throughout the state. The rate reduction amounts to 6.7 percent overall and will...
AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units
Oct 3 2008 // American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities...
ICW Group Enters Small Business Market
Oct 2 2008 // ICW Group, a group of insurance companies, has entered the small business market for workers’ compensation insurance. Comprehensive coverage and claims services is available in more than 40 small business categories,...
R.I.-Based Commercial Insurer FM Global Revamps Top Management
Oct 2 2008 // FM Global, one of the world’s largest commercial property insurers, has made numerous promotions and reassignments within its senior management team that are to become effective Jan. 1, 2009. Brian J. Hurley,...
Supreme Court on Small Business
Sep 22 2008 // There is no question that U.S. Supreme Court’s decisions impact small business. More than 40 percent of the court’s cases directly affect the business community, including employment, civil rights, insurance,...
Scorecard: Small Business at the Supreme Court
Sep 22 2008 // There is no question that the U.S. Supreme Court’s decisions impact small business. Studies have shown that more than 40 percent of the Court’s cases deal with issues that directly affect the business...
Pennsylvania Businesses with Workplace Safety Plans Save $300M
Sep 12 2008 // Pennsylvania businesses have saved more than $300 million thanks to a program that allows workplaces to save five percent annually on workers’ compensation insurance premiums, according to the state. Businesses...
Florida Gov. Appoints 5 to Public Task Force on Workplace Safety
Sep 9 2008 // Florida Gov. Charlie Crist appointed five members to the state’s newly created Public Task Force on Workplace Safety. All of the following are appointed for terms beginning Sept. 4 and ending Jan. 1, 2009: •...
Workers’ Comp Loss Costs in Kentucky Good News for Employers
Sep 8 2008 // A 2008 filing most insurance carriers will use to develop rates for workers’ compensation coverage shows the third straight decrease in loss costs, Department of Insurance Commissioner Sharon P. Clark announced. The...
Report: Claims Associated with Violence in the Workplace on Decline
Sep 3 2008 // The National Council on Compensation Insurance released its fourth analysis in a series of reports on workplace violence. The report provides updated data based on the latest available information from the U.S. Bureau of...
U.S. Commercial Lines Outlook Revised To Negative From Stable
Sep 1 2008 // Standard & Poor’s Ratings Services revised its outlook on the U.S. commercial lines property/casualty insurance sector to negative from stable. Standard & Poor’s credit analyst John Iten explained...
