Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Nevada Employer Insurance Firm Converting to Stock Company
Dec 4 2006 // The parent of Employers Insurance Co. of Nevada has won state authorization to convert from a mutual to a publicly traded stock company — and in the process give its 6,500 members cash and stock that could add up to...
Recovering Miss. Businesses Face Hefty Commercial Insurance Hikes
Nov 28 2006 // Hurricane Katrina’s 100-plus mph winds only damaged the eaves of Morris Strickland’s shopping center a few miles from the Ocean Springs, Mississippi beach. The damage cost less than $2,000, and stores leasing...
Md. Court Upholds Fellow Employee Exclusion in Commercial Auto Policy
Nov 22 2006 // The Maryland Court of Appeals has held that a fellow-employee exclusion in a commercial automobile liability policy is valid and enforceable above the minimum statutory liability limits. The court found that a business...
Washington employers to save $315 million in workers’ compensation
Nov 20 2006 // Washington Gov. Chris Gregoire announced that the state’s employers and workers could save an estimated $315 million in workers’ compensation premiums next year as the result of a six-month partial suspension...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 20 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
Conn. high court rules liability waiver doesn’t immunize negligent employer
Nov 19 2006 // Requiring a worker to sign a liability waiver does not give blanket immunity to employers if that person is later hurt on the job, the state Connecticut Supreme Court has ruled. The ruling said the waivers do not protect...
Washington employers to save $315 million in workers’ compensation
Nov 19 2006 // Washington Gov. Chris Gregoire announced that the state’s employers and workers could save an estimated $315 million in workers’ compensation premiums next year as the result of a six-month partial suspension...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 19 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
The Hartford Expands Program to Commercial Property Managers
Nov 15 2006 // The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The Hartford’s target market encompasses...
Pa. Creates Fund for Injured Workers of Employers Without Workers’ Comp
Nov 15 2006 // Pennsylvania Gov. Ed Rendell has signed legislation creating a fund to pay injured workers whose employers lack workers compensation coverage. The same bill — HB 2738 — increases the minimum amount an injured worker...
ACE Europe Names Cryer UK, Ireland Commercial Property, Package Product Manager
Nov 13 2006 // Ace European Group has named Stephanie Cryer as its UK and Ireland Commercial Property and Package Product Manager. She joins ACE from Chubb where she was most recently the London Strategic Marketing manager and previously...
Online Workers’ Comp Kit Helps Employers Track and Cut Costs
Nov 10 2006 // Workers’ Comp Kit is the first online cost-containment program that gives employers tools they can use to cut workers’ compensation costs as much as 20 percent to 50 percent, according to Amaxx Risk Solutions,...
A year after Katrina, commercial property market ‘bleak’ in New Orleans
Nov 6 2006 // Placing of business is harder than it has ever been, agent says We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm...
Survey: Commercial market softens, insurer appetite increases
Nov 6 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
There are no ‘mulligans’ in commercial property
Nov 6 2006 // Lessons in loss prevention help keep commercial property insurance clients from becoming statistics You may be familiar with the word “mulligan.” In golf it means a chance to do it over without a penalty....
A year after Katrina, commercial property market ‘bleak’ in New Orleans
Nov 5 2006 // We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm damage,” said Parke Ellis, a principal with Gillis, Ellis...
Survey: Commercial market softens, insurer appetite increases
Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Commercial Property
Nov 5 2006 // N12 84 IT spurs need for underwriters Professional liability issues expected to grow
There are no ‘mulligans’ in commercial property
Nov 5 2006 // You may be familiar with the word “mulligan.” In golf it means a chance to do it over without a penalty. Unfortunately, in the world of loss prevention and property protection, a mulligan is typically not an...
Marsh Ends President’s Role; Targets Middle Market, Tech, Construction
Nov 3 2006 // Marsh Inc. announced a series of personnel moves its says are designed to encourage new business growth and retention levels. The company also announced the elimination of the role of president, now held by Bill Malloy,...
