Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
All Commercial Lines Rates, Even Workers’ Compensation, Up in May: IVANS Index
Jun 1 2017 // The May IVANS Index shows that for the first time in several months, premium renewal rates in all major commercial insurance lines are in positive territory. Notably, May is the first time in 2017 that workers’...
Allied World Europe Launches UK Commercial Division
May 30 2017 // Allied World Assurance Co. Holdings AG has announced the launch of its UK Commercial Division. “Our clients tell us they need simple, affordable and flexible insurance solutions and our UK Commercial Division...
FM Global Includes Top 3 Business Risks in Global Resilience Index
May 25 2017 // FM Global has expanded its Global Resilience Index to include insights around three of the top risks facing businesses: cyber attack, natural hazards and supply chain failure. The interactive, online index ranks 130...
Top Iowa Court Upholds $85K Award in Workplace Discrimination Case
May 23 2017 // The Iowa Supreme Court has upheld an $85,000 discrimination judgment against a company whose owner repeatedly called a black worker “chocolate” and other racial epithets. Justices upheld the Dubuque Human...
Feds Warn Arizona Commission that Lowering Workplace Injury Fines is Risky
May 19 2017 // Federal officials warned a commission overseeing Arizona’s workplace safety agency that its practice of lowering fines on companies for worker injuries and deaths violates the state’s laws and could jeopardize...
California Small Business Advocate Produces 2nd List of ‘Good, Bad & Ugly Bills’
May 18 2017 // With a California Legislative deadline looming, a business advocate is calling attention to bills that he believes owners and managers of small businesses should take note of in his second annual list of “Good, Bad...
Workplace Regulation to Reduce Incidents at California Oil Refineries OK’d
May 18 2017 // California’s Department of Industrial Relations’ Occupational Safety and Health Standards Board today approved a regulation aimed at strengthening workplace safety and health at oil refineries across the...
Oklahoma Court Affirms Employer’s Right to Choose Provider in Workers’ Comp Case
May 17 2017 // An Oklahoma civil appeals court ruled in favor of an employer and its insurer in affirming an order by the Oklahoma Workers’ Compensation Commission, asserting an employer’s right to direct the medical...
Michigan Workplace Fatalities Rise in 2016
May 15 2017 // A state agency says 43 people were killed on the job in Michigan last year, and that’s the state’s highest number of workplace fatalities in a decade. The Michigan Occupational Safety and Health Administration...
Bunker, Startup Broker for Small Business, Contractor Insurance, Raises $6 Million
May 11 2017 // Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American...
How AIG Woes Hurt U.S. Commercial Lines Results: Fitch
May 10 2017 // While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss experience. What’s more,...
Alabama Man Arrested by FBI For Stealing $180K from Employers
May 9 2017 // An Alabama man has been arrested on charges of stealing more than $180,000 from former employers. AL.com reports the FBI arrested 32-year-old Randall Sho Woods on May 3. The Department of Justice says in a release that a...
Since the Election, Political Talk in Workplace Hurting Job Performance: Poll
May 4 2017 // American workers are more likely to say they are feeling stressed and less productive because of political discussions at work now than before the 2016 presidential election, according to survey results released by the...
Most Commercial Insurance Premiums Up in April: IVANS Index
May 3 2017 // Most standard commercial lines products saw an uptick in premiums at renewal in April, with workers’ compensation being the main exception, according to the IVANS Index. Business owners and commercial property...
New Commercial Insurer, Motorists Insurance, to Launch in Tennessee
May 3 2017 // Motorists Insurance Group, based in Columbus, Ohio, has launched a new commercial lines company – Motorists Insurance – in Michigan and Tennessee. The company features state-of-the-art technology to make the process...
Ohio’s Motorists Insurance Launches Commercial Insurance Company
May 2 2017 // Motorists Insurance Group, based in Columbus, Ohio, has launched a new commercial lines company – Motorists Insurance – in Michigan and Tennessee. The company features state-of-the-art technology to make the process...
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Michigan Workplace Fatalities in 2016 Highest in a Decade
May 1 2017 // A state agency says 43 people were killed on the job in Michigan last year, and that’s the state’s highest number of workplace fatalities in a decade. The Michigan Occupational Safety and Health Administration...
Commercial Auto – The Long Road to Profitability
May 1 2017 // The commercial auto market has a long road ahead to reach profitability after five consecutive years of underwriting losses from 2011-2015. While many insurers upped rates in 2016, the year appears to be coming in with...
Arthur J. Gallagher Acquires Oklahoma’s Commercial Insurance Brokers
Apr 26 2017 // Arthur J. Gallagher & Co. has acquired Tulsa, Oklahoma-based Commercial Insurance Brokers LLC. Terms of the transaction were not disclosed. Formed in 2012, Commercial Insurance Brokers is a group of insurance producers...
