Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 23 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
Alarcón Says Industry Unwilling to Guarantee Savings Passed on to Employers
Feb 19 2004 // Senator Richard Alarcón (D-Van Nuys) said “the refusal of the Workers’ Compensation Insurance Ratings Bureau (WCIRB) to put a figure on the potential savings of the governor’s reform package signals the...
MiniCo Inc. Launches New Commercial Insurance Technology System
Feb 13 2004 // Phoenix-based MiniCo Inc. has announced the successful implementation of Renaissance, a new browser-based commercial insurance technology system designed to improve customer service throughout the organization’s...
In Mass., Good Drivers Lose Discounts While Employer Groups Retain Theirs
Feb 9 2004 // Only three of the 19 companies still writing private passenger auto insurance in Massachusetts will offer discounts to safe drivers this year. Five years ago, there were one-third more writers of the coverage and most of...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
RIMS: Commercial Rates Going Down; Benfield: Reinsurance Rates Holding
Feb 9 2004 // As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition,...
No Brake Yet for Personal & Commercial Auto
Feb 9 2004 // The auto insurance market has come a long way since Travelers wrote the first third-party policy for Gilbert J. Loomis’s one-cylinder car in 1897. “I’ll never insure a gasoline can on wheels,”...
Westfield Appoints Small Business Account Exec
Feb 5 2004 // Ohio-based Westfield Insurance has named Martha Oakes senior executive of small business accounts. Her responsibilities include overall management responsibility for the growth and profitability of the small business...
The Hartford Targets “Big Small Businesses”
Feb 5 2004 // The Hartford announced that it’s broadening its definition of small businesses and plans to offer more tailored coverages from more “dedicated underwriters” and faster responses to the needs of the...
Commercial Insurance Buyers Say Property Premiums Fell Nearly Nine Percent in Fourth Quarter
Jan 22 2004 // Commercial insurance buyers say the cost of property insurance fell 8.8 percent in the fourth quarter of 2003 marking the first decline in premium prices in any major line of commercial insurance in nearly four years,...
Zurich NA Small Business Account Execs Now Are ‘State Agents’
Jan 21 2004 // The small business unit of Schaumburg, Ill.-based Zurich North America has elevated the position of its 175 account executives to the position of state agent, the company said in a statement. The transition recognizes the...
Zurich to Integrate European Business Divisions
Jan 20 2004 // Zurich Financial Services announced a decision to regroup the company’s businesses in Europe to create one Business Division. Effective March 1, the new division will comprise Continental Europe, the United Kingdom,...
GE Commercial Insurance Unveils National Masonic Association Program
Jan 20 2004 // GE Commercial Insurance announced the launch of a new insurance program created specifically for Masonic Associations. Thompkins & Company, a full-service, independent agency specializing in Masonic Associations, will...
Mosher Joins Board of Directors for Employers Insurance Company of Nevada
Jan 13 2004 // Employers Insurance Company of Nevada, A Mutual Company (EICN), announced that Ronald F. Mosher has joined the company’s Board of Directors. Mosher possesses extensive knowledge of the insurance industry, and most...
Small Business BOP
Jan 12 2004 // Nuts & Bolts: Superior Access Insurance Services Inc., has a new small business BOP designed for office, retail, wholesale, service and high-tech classes of business. Businesses must have less than $5 million in...
Commercial Auto Program
Jan 12 2004 // Nuts & Bolts: Cascade/Amstar is offering a commercial auto program for any size truck. Dollars: $500 minimum deductible for liability, $250 minimum for physical damage. Policy limits of up to $1 million CSL. Carrier:...
Liability for Small to Mid-Size Businesses
Jan 12 2004 // Nuts & Bolts: E.L.M. Insurance Brokers Inc. has a professional liability suite of products for small to mid-size businesses that includes liability coverage for employment practices, directors and officers, entity...
Anonymous Tip, Employer Cooperation Solve Pair of Wash. L&I Fraud Cases
Jan 12 2004 // Washington has ordered a 62-year-old woman from Okanogan to pay back $117,004 after an investigation reportedly showed that she had collected survivor benefits illegally. And a 52-year-old Olympia man, Richard Sundblad,...
Small, Mid-Size Bus. Liability
Jan 12 2004 // Nuts & Bolts: E.L.M. Insurance Brokers Inc. targets small to mid-size businesses with its “professional liability suite of products,” which includes liability coverage for employment practices, directors...
