Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Realities of Today’s Commercial Insurance Market: Willis Towers Watson
Apr 26 2017 // Fluid capital and ample capacity has kept the commercial insurance sector stable overall and also a buyers’ market. That reality holds despite potential regulatory and monetary policies pending in Washington, D.C....
Connecticut’s Business Risk Partners Hires Stein and Rathore
Apr 19 2017 // Specialty underwriter and program administrator Business Risk Partners (BRP), headquartered in Windsor, Conn., has added two new members to its Professional Liability (E&O) and Operations team. Jennifer Stein was named...
Hackers Target Japan’s Mobile Gamers to Access Their Employers’ Data
Apr 18 2017 // Gamers beware: hackers offering free virtual trinkets don’t care about your passwords or personal data, but your employer’s most closely guarded secrets. An employee at a Japanese high-tech company learned this...
Risk Management: Employers Benefit from Mitigating Workplace Violence
Apr 17 2017 // Each year, close to 2 million workers are victims of workplace violence in the United States, according to the Occupational Safety and Health Administration (OSHA). The federal agency defines workplace violence as any act...
IVANS Index: Commercial Rates Up in Q1 Except Workers’ Compensation
Apr 6 2017 // Insurance premium renewal rate change for the majority of standard commercial lines products including auto, business owners, general liability, property and umbrella remained in positive territory for the first quarter....
Commercial Lines Prices Inch Up After Being Down for Long Time: MarketScout
Apr 5 2017 // For the first time in 20 months, the MarketScout composite rate index for commercial accounts in the United States measured a rate increase at plus 1 percent in the first quarter. Rates for business interruption, general...
Pinnacol Issues $50M in Workers’ Comp Dividends to Colorado Employers
Apr 3 2017 // Colorado workers’ compensation insurer Pinnacol Assurance is distributing $50 million in dividend checks to its policyholders. More than 53,000 employers throughout the state — roughly 94.2 percent of the...
Maryland’s Chesapeake Employers’ Insurance Reappoints 2 to Board
Mar 31 2017 // Chesapeake Employers’ Insurance Company, a Towson, Md.-based writer of workers’ compensation insurance, has reappointed Leonard Schuler Jr. as a member to the board of directors for a term of four years,...
The Hartford Names Tooker as Head of Middle Market Segment
Mar 30 2017 // The Hartford has named A. Morris “Mo” Tooker, currently chief underwriting officer, as head of its Middle Market segment. Tooker remains chief underwriting officer for the company’s property/casualty...
Florida Court to Hear Lawsuit Against Employer, Wife of Nightclub Shooter
Mar 29 2017 // A lawsuit brought by victims of the Orlando nightclub massacre against the gunman’s employer and wife was withdrawn from federal court and filed in state court in South Florida on Monday. Attorneys for 61 Pulse...
Congress Nullifies Obama Workplace Injury Reporting Rule
Mar 24 2017 // The U.S. Senate (50-48) joined the House (231-191) in passing a resolution blocking a federal workplace injury and accident reporting rule put in place by the Obama Administration last December. The Department of Labor...
Chubb Introduces Online Workers’ Comp Policy System for Small Business Agents
Mar 23 2017 // Chubb has introduced a new online system for independent agents that will quote and issue a comprehensive workers’ compensation policy for small businesses. Chubb’s workers’ compensation policy for small...
Pinnacol Issues $50M in Workers’ Comp Dividends to Colorado Employers
Mar 22 2017 // Colorado workers’ compensation insurer Pinnacol Assurance is distributing $50 million in dividend checks this month to its policyholders. More than 53,000 employers throughout the state — roughly 94.2 percent of...
Maryland-Based Chesapeake Employers’ Insurance Company Promotes Adelman
Mar 22 2017 // Chesapeake Employers’ Insurance Company, a Towson, Md.-based provider of workers’ compensation insurance, has promoted Joan Adelman to vice president of legal services. In her new role, Adelman is responsible...
Prescription Drugs in the Workplace
Mar 20 2017 // More than 70 percent of United States employers are feeling the direct impact of prescription drug misuse in their workplaces, according to a survey from the National Safety Council. The survey, How the Prescription Drug...
New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact
Mar 20 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
Some Kansas Lawmakers Want State, not Feds, to Regulate Workplace Safety
Mar 16 2017 // Some Kansas lawmakers want the state to take over the job of writing and enforcing workplace regulations, despite concerns by a labor rights group that the change could water down safety oversight. Lawmakers and some...
Ohio Workers’ Comp Bureau Proposes $1B Employer Rebate
Mar 16 2017 // Ohio’s fund for injured workers wants to return more than $1 billion of its investment earnings to the state’s 200,000 private and public employers. The Ohio Bureau of Workers’ Compensation proposed the...
RSA Names Gearey as Managing Director of Commercial Risk Solutions
Mar 16 2017 // London-based RSA has appointed James Gearey as managing director for Commercial Risk Solutions (CRS) from June 5, 2017, subject to regulatory approvals. Gearey has spent the past nine years at Siemens Financial Services,...
Florida Insurance Agency Employee Accused of Stealing $1M From Employer
Mar 15 2017 // A Florida insurance agency employee was arrested following an alleged scheme that officials claim bilked her Ft. Lauderdale-based employer out of more than $1 million, according to a statement from Chief Financial Officer...
