Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Commercial Insurance Rate Decreases Slowing Globally: Marsh
Nov 22 2017 // Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter (down 1.6 percent) as compared to the prior quarter (down 2.2 percent), according to...
Small Businesses Want More Self-Service Workers’ Comp Tools: Survey
Nov 22 2017 // Nearly a quarter (23 percent) of America’s small business owners believe workers’ compensation carriers could improve their customer service if they offered more online or self-service tools. Better...
What to Expect for Commercial Insurance Pricing for 2018: WTW’s Marketplace Realities
Nov 20 2017 // Commercial insurance buyers should brace for rate increases for 2018 as the industry continues to tally losses following one of the most financially disruptive hurricane seasons in history, according to global insurance...
Chubb Launches Commercial Division for SMEs in Asia Pacific
Nov 14 2017 // Chubb announced it has formed a division in Asia Pacific dedicated to the risk management needs of small- and medium-sized enterprises (SMEs). This new business division, which is named the Small Commercial Division,...
Nebraska Bakery Faces $122.6K in Penalties for Multiple Workplace Hazards
Nov 14 2017 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Bimbo Bakeries USA for exposing workers to multiple hazards at its Bellevue, Nebraska, commercial bakery. The company...
Allianz to Offer Small Business Cyber Risk Management Services Through Zeguro
Nov 8 2017 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley-based software company Zeguro, to address cyber security and risk management for small to...
Watkins Insurance Group Named a Top Workplace in Greater Austin Area for 2017
Nov 7 2017 // Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in central Texas, has been awarded a 2017 Top Workplaces honor by The Austin American-Statesman. The Top Workplaces...
HUB Adds Shipp to Commercial Markets Team in Central California
Nov 6 2017 // HUB International of California has named Geoffrey Shipp a commercial markets producer, risk management advisor and senior sales management trainee. Shipp will affiliate with HUB’s Central Coast offices as well as...
CNA Adds ‘Get a Quote’ for Small Business Insurance Online Shoppers
Nov 6 2017 // Commercial lines insurer CNA has added a “Get a Quote” feature that allows small business owners to receive a quick premium indication for a CNA Connect business owners policy and a workers’ compensation...
What to Expect for Commercial Insurance Pricing for 2018: WTW’s Marketplace Realities
Nov 6 2017 // Commercial insurance buyers should brace for rate increases for 2018 insurance as the industry continues to tally losses following one of the most financially disruptive hurricane seasons in history, according to global...
ASC to Acquire Forestry Insurance Co. of the Southeast’s Commercial Auto Book
Nov 6 2017 // Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Forestry Insurance Company of the Southeast to acquire its commercial auto book of...
Small Business Digital Insurer Attune Adds Starr’s Stamets, OnDeck’s Dreiling
Nov 3 2017 // Digital small business insurer Attune has named Martha Dreiling as head of Analytics and Corporate Operations and Richard E. Stamets as head of Underwriting Strategy. Dreiling oversees Attune’s analytics, people and...
October Commercial Insurance Renewal Rates Up Except Workers’ Compensation: IVANS Index
Nov 3 2017 // In October, premium renewal rates were up for the majority of standard commercial lines products, with workers’ compensation remaining the major line where rates did not go up, according to IVANS Index that tracks...
AIG Reports Q3 Loss on Commercial Lines Reserve Boost, Catastrophe Losses
Nov 3 2017 // Highlighting the development as a “noteworthy item” in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before taxes, which...
AIG Renames Tech-Focused Commercial Insurance Unit Blackboard
Oct 31 2017 // American International Group’s technology-focused subsidiary formerly known as Hamilton USA has a new name, Blackboard. Hamilton USA was part of Hamilton Insurance Group. AIG announced plans to buy the unit in May...
Shareholder Activists Press Drug Firms on Business Risks of Opioid Crisis
Oct 31 2017 // U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the...
Investors in Litigation Financing Target Commercial Auto
Oct 31 2017 // Investor-funded litigation is not new but it is expanding its reach in commercial auto cases, according to experts in the field. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., addressed the growing trend...
Louisiana Ramps Up Effort to Prevent Employers from Misclassifying Workers
Oct 27 2017 // Several state and federal government entities partnering on a Louisiana task force to target employers who misclassify workers plan increased activity in 2018, according to the Louisiana Workforce Commission (LWC). The...
How Employers Can Help Make Workers’ Compensation Work
Oct 26 2017 // Nurse care management and a solid return-to-work program are two ways employers can proactively manage workers’ compensation costs. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., emphasized the role...
Bipartisan Bill Would Give Small Businesses a Tax Credit for Employee Training
Oct 24 2017 // A bipartisan group of congressmen has filed legislation to encourage employers to invest more in training and educating their employees. The legislation would create a tax credit for 25 percent of the first $5,000, or up o...
