Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk
Sep 22 2022 // Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers’ underwriters more efficiently evaluate risks for large and middle market...
Gallagher Re Taps Aon’s Bowen as Chief Science Officer; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel Joins Howden M&A to Lead Europe Biz Devel
Sep 19 2022 // This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A. A summary of these new hires follows here. Gallagher Re Names Aon’s Bowen as Chief Science Officer Gallagher...
Illinois Contractor Fined for Deadly Workplace Exposures
Sep 19 2022 // A Roselle, Illinois contractor with a long history of federal workplace safety violations who currently owes more than $390,000 in penalties, added an additional $303,105 in proposed fines for once again exposing workers...
New Jersey Cannabis Regulator Issues Employers’ Guidance for Workplaces
Sep 16 2022 // New Jersey has issued guidance for workplaces to support employers’ right to create and maintain safe work environments, as well as affirm employees’ right to due process. According to the guidance and...
Full-Year Commercial Lines Combined Ratio May Be Lowest in 15 Years: Moody’s
Sep 15 2022 // With commercial lines insurers expected to report the lowest full-year aggregate combined ratio in 15 years, together with double-digit direct premium growth, Moody’s Investors Service announced a stable outlook for...
People Moves: JMBI Names Goldstein as President; VIAA Hires Pair of Commercial Marketers
Sep 13 2022 // JMB Insurance Agency Announces Goldstein’s Promotion to President JMB Insurance Agency, Inc., headquartered in Chicago, Illinois, has named Kimberly Goldstein as the firm’s inaugural president for strategic...
Sam Frihart Joins Breckenridge Insurance Specialty Property Program Team as Commercial Property Underwriter
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW
Sep 12 2022 // U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers...
Illinois Trucking Repair Company Fined $326,000 for Workplace Hazards
Sep 9 2022 // A 48-year-old worker entered a tanker-trailer in Lemont, Illinois to inspect it as part of an annual U.S. Department of Transportation requirement and was overcome from exposure to bleach and chlorine gas. The worker was...
Lexington Starts Middle Market Casualty Group for SMEs
Sep 8 2022 // AIG’s Lexington Insurance Company today announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to...
People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re
Sep 8 2022 // Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and...
Labor Board to Expand Companies’ ‘Joint Employer’ Liability
Sep 7 2022 // A U.S. labor board on Tuesday moved to make it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, proposing to revive an Obama-era standard heavily...
Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records
Sep 2 2022 // Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American businesses are willing to hire workers with criminal records. Such companies become even...
Commercial Auto Insurtech Fairmatic Raises $42M
Aug 31 2022 // Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance...
Illinois Contractor Faces $303,000 in Fines for Deadly Workplace Exposures
Aug 29 2022 // A Roselle, Illinois contractor with a long history of federal workplace safety violations who currently owes more than $390,000 in penalties, added an additional $303,105 in proposed fines for once again exposing workers...
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power
Aug 24 2022 // A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers during the pandemic, causing customer satisfaction to decline...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 15 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey Reports
Aug 15 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
Agents Win in Commercial Lines
Aug 15 2022 // Independent agents once again show they continue to command the commercial insurance market. The independent agency channel placed 62% of all property/casualty insurance written in the U.S., according to the recently...
How the Supply Chain Crisis Is Heightening Risk Exposures in Commercial Lines
Aug 15 2022 // The supply chain crisis has seared itself into popular imagination through empty shelves where toilet paper once stood and a desperate shortage of baby formula. But the ripple effects that emanate from globally disrupted...
