Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Congress Urged to Make Workplace Deaths Due to Employer Negligence a Felony
Apr 29 2004 // A man whose son was killed 11 years ago in a gruesome workplace accident in Florida urged Congress this week to give prosecutors the threat of felony convictions against employers whose neglect for federal safety rules...
Philadelphia Insurance Agents Get Real Time Commercial Auto Services
Apr 29 2004 // Philadelphia Insurance Companies (NASDAQ: PHLY) has launched AutoIDweb, a new service on its AccessPHLY Agent Web Portal that provides agents access to their commercial auto policies with the ability to add/delete vehicles...
W. Va. WCC Files Injunctions Against Pair of Employers
Apr 28 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against two state employers whose accounts with the Commission are reportedly in default. The injunctions were filed in Kanawha County...
Study Shows Commercial Property, GL Rates Falling
Apr 21 2004 // The costs for two major commercial lines insurance fell in the first quarter of 2004, according to a RIMS Benchmark Survey. In the first quarter of 2004, premium prices for property insurance fell by about 1.5 percent....
Aon Reports US Commercial Property Rates Drop 10%
Apr 20 2004 // A study by Aon, released to coincide with the RIMS conference in San Diego, has determined that an average reduction of around 10 percent has occurred in U.S. Commercial property rates. Willis and the CIAB also issued...
OHIO BUREAU SWEEPS 200 EMPLOYERS FOR COMP COVER:
Apr 19 2004 // The Ohio Bureau of Workers’ Compensation (BWC) recently concluded a random sweep of 200 employers in the Toledo area to determine whether they have active workers’ compensation coverage, collecting $110,412 in...
Workers’ Compensation – Small- to Mid-Size Employer
Apr 19 2004 // Nuts & Bolts: Insurex Inc. and Frontier General announce the release of a new workers’ compensation product in California with ACE Casualty Risk, a division of ACE USA. The new product launched is called ACE...
Mass. Streamlines and Equalizes Agents’ Access to CAR’s Commercial Auto High Risk Operation
Apr 17 2004 // The Massachusetts auto insurance industry is streamlining the way it handles high risk commercial auto risks by reducing the number of servicing carriers involved in handling them and equalizing access to the residual...
Calif. Commissioner Calls for Workers’ Comp Reform Savings to be Passed Through to Employers
Apr 16 2004 // California Insurance Commissioner John Garamendi released the following statement in regards to the recent agreement by Gov. Arnold Schwarzenegger and the Legislature for a workers’ compensation reform...
Selective Rolls Out Web-based Commercial Lines
Apr 14 2004 // New Jersey-based Selective Insurance Group Inc. has announced the successfully completed rollout of the company’s fully integrated Web-based commercial lines system. “Web-based CLAS” offers policy quote,...
W. Va. Workers’ Comp Commission Files Injunction Against Kanawha County Employer
Apr 14 2004 // West Virginia’s Workers’ Compensation Commission recently filed an injunction against a state employer whose account with the Commission is in default. The injunction was filed in Kanawha County Circuit Court...
St. Paul Travelers Unveils Enhanced Commercial Property, General Liability Product for Companies Doing Foreign Business
Apr 13 2004 // St. Paul Travelers has introduced an enhanced version of Global Companion, an international commercial property and general liability product designed to help protect U.S.-based companies from the risks associated with...
Fla. CFO Warns About Single-Employer Trusts
Apr 12 2004 // Florida’s Chief Financial Officer Tom Gallagher is alerting employers to use caution when considering setting up a health benefit plan through a Single Employer Trust (SET) document that requires sending financial...
W. Virginia WCC Files Injunctions Against Trio of State Employers; Ordered to Cease Business
Apr 8 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against three state employers whose accounts with the Commission are reportedly in default. The injunctions were filed in Kanawha...
Eleven Good Reasons to Reassign a Commercial Lines Account
Apr 5 2004 // In most offices, it’s easier to get a bone from a starving dog than it is to take a commercial account from an agency producer. That’s because the current producer is always the executive on a business account...
Small Business Workers’ Compensation
Apr 5 2004 // Nuts & Bolts: InsureVianet introduced a new Internet-based small business workers’ compensation insurance program for agencies in Indiana and Michigan. This technology allows agents and brokers to enter...
Commercial Property, Liability, Crime
Apr 5 2004 // Nuts & Bolts: The Chubb Group of Insurance Companies has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property...
Commercial Property, Liability, Crime
Apr 5 2004 // Nuts & Bolts: The Chubb Group of Insurance Companies has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property...
Ohio Comp Bureau Conducts Random Sweep of 200 Toledo Area Employers
Mar 29 2004 // The Ohio Bureau of Workers’ Compensation (BWC) recently concluded a random sweep of 200 employers in the Toledo area to determine whether they have active workers’ compensation coverage, collecting $110,412 in...
St. Paul Enhances Commercial Property-General Liability Product for Companies with Foreign Operations
Mar 25 2004 // The St. Paul Companies announced the introduction of an enhanced version of “Global Companion,” which it described as “an international commercial property and general liability product designed to help...
