Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Why Employers Are Sending Retirees to Exchanges for Health Insurance
Apr 18 2016 // Planning for retirement is tough enough – and it gets even tougher when retirement benefits you expect to receive from an employer are changed on short notice. But a growing number of U.S. employers are capping their...
Utah Employers Must Accommodate Breast-Feeding Workers
Apr 18 2016 // Utah is joining more than a dozen states to require businesses to offer breast-feeding and pregnant employees accommodations such as extra breaks during work. Republican Gov. Gary Herbert signed a law earlier this month...
California Court Says Employers Can’t Deny Workers Seats
Apr 18 2016 // Employers cannot deny a worker a place to sit just because they prefer the person stand, and they must consider the employee’s work station, not their overall duties, when determining whether to provide a seat, the...
BKS-Partners in Florida Appoints Ingram to Commercial Risk Management Group
Apr 15 2016 // Florida-Based Baldwin Krystyn Sherman Partners (BKS-Partners), has appointed Amy Ingram as managing director of the Commercial Risk Management Group. She will be based in company’s Tampa office. Ingram joins...
Verisk Opens Commercial Property Data to MGAs, Program Managers
Apr 15 2016 // Verisk Insurance Solutions said it is making its data for loss estimating of commercial properties available to managing general agents (MGA), managing general underwriters (MGU), and program administrators and others in...
Few Small Businesses Feel the Need to Prepare for Climate Change
Apr 14 2016 // Constant reminders in the media over threats of rising sea levels, more frequent storms, or the promise of blistering droughts along with water scarcity still won’t get people to prepare for the anticipated effects...
Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage
Apr 14 2016 // New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance...
Hiscox Expands Cyber Offering to Small, Mid-Size Businesses
Apr 13 2016 // Hiscox has expanded its cyber and data risk coverage to include Hiscox CyberClear. The product is designed for small and medium-sized enterprises in the U.S. with less than $1 billion in annual revenue. This product will...
Louisiana Food Manufacturer Fined $124K for Workplace Hazards
Apr 12 2016 // The U.S. Department of Labor’sOccupational Safety and Health Administration has cited a Louisiana food manufacturing company for 25 serious and one other violation for exposing workers to hazardous chemicals,...
Chubb Names James Leader for North America Commercial Marine
Apr 11 2016 // Chubb has appointed Mark S. James as senior vice president for Commercial Marine insurance for North America. James will be responsible for development of marine insurance products and loss prevention services for mid-size...
UK’s Allianz Commercial Doubles Excess Liability Capacity to £50M ($70.5M)
Apr 8 2016 // Allianz Commercial* announced it has increased its capacity for excess of loss cover, which will now allow brokers to purchase excess liability cover up to £50 million ($70.5 million) per individual class of business. The...
California Court Says Employers Can’t Deny Workers Seats
Apr 6 2016 // Employers cannot deny a worker a place to sit just because they prefer the person stand, and they must consider the employee’s work station, not their overall duties, when determining whether to provide a seat, the...
Maryland’s Chesapeake Employers to Begin Phasing in NCCI Rates in 2020
Apr 5 2016 // Chesapeake Employers’ Insurance Company, Maryland’s largest writer of workers’ compensation insurance, announced its plan to phase in the National Council on Compensation Insurance’s (NCCI) rating...
Commercial Insurers Moderated Rate Cuts Slightly in March: MarketScout
Apr 5 2016 // Commercial insurers eased up slightly on rate cutting in March, according to the MarketScout barometer for the month. After three straight months of price cuts averaging 4 percent, U.S. commercial property, inland marine,...
Alabama Supreme Court Overturns $12.6M Verdict in Workplace Accident Case
Apr 4 2016 // The Alabama Supreme Court has overturned a $12.6 million judgment in a lawsuit resulting from a workplace accident. The justices sided with Dothan-based South Alabama Brick Co. in a decision released last month. A Mobile...
Utah Employers Must Accommodate Breast-Feeding Workers
Mar 31 2016 // Utah is joining more than a dozen states to require businesses to offer breast-feeding and pregnant employees accommodations such as extra breaks during work. Republican Gov. Gary Herbert signed a law this week that makes...
Top Exposures Facing Global Middle Market Firms Vary by Region: Assurex Survey
Mar 30 2016 // While all middle market businesses across the world have concerns about cyber risk, few of these firms view it as their biggest exposure, according to a global survey* of 68 leading independent insurance brokers, which...
The Future of Commercial Drone Use
Mar 29 2016 // There could be 7 million small drones in the sky by 2020, according to U.S. aviation officials, who believe that as many as 2.7 million of them will be used for commercial purposes. These same officials predict that small...
ISO Introduces Drone Coverage Options for Commercial Inland Marine Market
Mar 28 2016 // ISO has launched inland marine insurance forms for businesses using commercial drones to protect them from the costs potential crashes, including damage to the drones, their equipment, and their cargo. The new ISO forms...
Chubb Names Leaders for Expanded Small Commercial Division for North America
Mar 23 2016 // Chubb has launched its Small Commercial Insurance division for North America, which will offer management and professional liability and standard insurance coverages for small businesses with annual revenues up to $10...
