Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Intact Insurance Launches Commercial Drone Insurance in Canada
Jan 20 2016 // Canadian insurer Intact Insurance has launched drone insurance for its commercial lines customers. This Unmanned Air Vehicle (UAV) coverage caters specifically to small and medium-sized businesses in Canada that currently...
NFIB, Markel to Offer Workers’ Comp Coverage to Small Businesses
Jan 20 2016 // The National Federation of Independent Business (NFIB) and Markel FirstComp, a division of Markel Service, Inc., have formed a new relationship through which eligible small business owners across the country can qualify...
Ironshore Expands Builders Risk Coverage to Wood Frame Commercial Construction
Jan 19 2016 // Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada. The stand-alone policy offering will protect against property risks of...
AIG Increases Global Commercial Property Limits to $2.5B
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
Washington Refinery Fined Nearly $325K for Workplace Violations
Jan 19 2016 // Washington’s Department of Labor & Industries has fined Phillips 66 Refinery $324,000 for failing to correct serious workplace safety and health violations. An L&I inspection of the Ferndale facility found...
Workplace Deaths Down in North Dakota Oil Patch
Jan 15 2016 // The number of work-related deaths in the North Dakota oil patch in 2015 dropped from the previous year. Occupational Safety and Health Administration data show three such fatalities last year, down from seven in 2014 and...
North Carolina Cracks Down on Employers Lacking in Workers’ Comp Coverage
Jan 12 2016 // The commission responsible for enforcing workers’ compensation laws in North Carolina has cracked down in the last year on employers who don’t carry proper insurance, collecting $1 million in civil fines from...
Outlook for U.S. Commercial P/C Insurance Still Negative: A.M. Best
Jan 8 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the past several years. The...
CNA Appoints Zurich’s McCarron Senior Vice President, Commercial Claim
Jan 8 2016 // CNA said it has named Peter McCarron as senior vice president, Commercial Claim. McCarron joins CNA from Zurich North America, where he most recently served as senior vice president, Global Workers’ Compensation and...
TWIA Files for Changes to Dwelling and Commercial Policies
Jan 7 2016 // The Texas Windstorm Insurance Association has submitted new mandatory endorsements for its dwelling and commercial insurance policies to the Texas Department of Insurance for approval. The endorsements add storm doors to...
AIG Bets on Workplace Safety Wearables with Investment in Startup HCS
Jan 6 2016 // Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more...
VistaNational Insurance Acquires Business Insurance Underwriters
Jan 5 2016 // Oak Brook, Ill.-based VistaNational Insurance Group Inc. has acquired Business Insurance Underwriters of Wheaton, Ill. Terms of the transaction were not disclosed. VistaNational Insurance specializes in employee...
Deadly Floods Disrupting Agriculture, Commercial Operations in U.S. Midwest
Jan 3 2016 // Deadly flooding across the U.S. Midwest is disrupting everything from oil to agriculture, forcing pipelines, terminals and grain elevators to close. The floods have killed at least 30 people and shut hundreds of roads...
Tokio Marine Kiln Appoints Dreblow as Head of Corporate & Commercial Property
Dec 30 2015 // Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has appointed Paul Dreblow as head of Corporate and Commercial Property in its London office. The newly created position will see Dreblow...
IRS Extends Employers’ Reporting Deadlines Under Obamacare
Dec 29 2015 // The U.S. Treasury and Internal Revenue Service said they are extending some Affordable Care Act reporting deadlines to help companies meet the requirements. Employers will have two more months past Feb. 1 to give...
Survey: 80% of Employers Impacted by Prescription Drug Abuse
Dec 21 2015 // A recently released survey of Indiana employers shows that 80 percent have been impacted by prescription drug misuse and abuse, including opioid painkillers, in their workplaces, the state attorney general’s office...
Don’t Treat Small Business Accounts Like Personal Lines
Dec 21 2015 // In the mad rush to economize on and digitize virtually every insurance transaction and relationship activity, some small-business owners are getting shortchanged — and that’s shortsighted. Still, the growing...
Softening of P/C Commercial Markets to Continue: Fitch
Dec 21 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
After San Bernardino Shooting, Businesses Review How to Handle Workplace Violence
Dec 18 2015 // The terror attack at a social services facility in California has become a sobering reminder to companies of how vulnerable workplaces can be when employees are confronted with active shooters. Since a gun-wielding...
Commercial Broker Trade Group CIAB Adds 4 to Staff
Dec 16 2015 // The Council of Insurance Agents & Brokers (CIAB) announced four additions to its association staff. John P. Fielding is joining as in-house general counsel. Fielding has spent the last nine years with the law firm...
