Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
AAIS Says Updated Small Businessowner Program Approved in 26 States
Sep 16 2015 // The American Association of Insurance Services (AAIS) recently filed updated eligibility criteria, endorsements, loss costs, and rating procedures for its Businessowners Program (BOP). To date, the filing has been...
Moody’s Sees 2015 as Turning Point for P/C Commercial Insurers
Sep 15 2015 // The outlook for the U.S. property/casualty commercial insurance sector is stable but insurers will begin to feel the pressure from compressing margins, according to Moody’s Investors Service. In a new report,...
Commercial Insurance Prices Up But Barely: Survey
Sep 15 2015 // Commercial insurance prices increased in aggregate at a modest pace (one percent) during the second quarter of 2015, continuing a trend of ever smaller increases. That’s according to the latest Commercial Lines...
D.C. Seeks Public Input on Access to Bank Services, Small Business Capital
Sep 14 2015 // The District of Columbia Department of Insurance, Securities & Banking (DISB) announced on Sept. 11 that it has launched city-wide surveys to study the barriers to banking services for District of Columbia residents...
California Employers Warned about High Heat as Temperatures Soar
Sep 11 2015 // Cal/OSHA is warning all employers throughout the entire state to consider protecting their outdoor workers from heat illness. The National Weather Service has issued high heat advisories and excessive heat warnings for...
XL Catlin Introduces Commercial Crime Insurance Policy
Sep 11 2015 // To help businesses recover from the financial repercussions of corporate crime, XL Catlin’s Global Crime business has introduced a new commercial crime insurance policy in the US. According to Greg Bangs, chief...
ACE Names Leaders for New Chubb Business Units, Major Product Lines
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
Verisk Names Zurich’s Mourad as Senior VP Commercial Lines
Sep 8 2015 // Maroun Mourad, most recently with Zurich Insurance, has joined insurance information provider Verisk Insurance Solutions as senior vice president of Commercial Lines Domestic and Global, ISO Insurance Programs and Analytic...
Nebraska Flooring Company Fined $244K for Workplace Dangers
Sep 4 2015 // Federal safety officials have placed a Norfolk, Neb., flooring manufacturer into a severe violator program for workplace safety hazards and attempting to hide those hazards from safety inspectors. U.S. Department of Labor...
66% of Small Businesses Lack Business Interruption Coverage: Survey
Sep 2 2015 // Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new...
Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market
Sep 1 2015 // Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first...
Atlas General Insurance Services, LLC Commercial Division Announces Further Product Expansion and Enhancements
Sep 1 2015 // San Diego, CA, September 1, 2015 – Atlas General Insurance Services, LLC (“Atlas”) is pleased to announce that it has recently expanded its commercial package, general liability, and inland marine...
Joint Employer Ruling Hikes Parent Companies’ Liability, Unions’ Bargaining Power
Aug 31 2015 // A major ruling handed down on Thursday by the U.S. National Labor Relations Board could give unions greater bargaining power by enabling them to negotiate directly with large parent companies like McDonald’s that...
West Virginia Takes 212 Commercial Vehicles off Road After Failed Inspections
Aug 31 2015 // The West Virginia Public Service Commission says 212 commercial vehicles were taken out of service as a result of recent inspections. Violations found by PSC transportation enforcement officers included faulty brakes,...
Franchise Parents, Staffing Firms Ruled Joint Employers Under Labor Law
Aug 28 2015 // More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by a politically split U.S. labor board. The National...
Chubb’s Stephenson Joins CNA Commercial as Chief Underwriting Officer
Aug 24 2015 // CNA has appointed Julie Stephenson as senior vice president and chief underwriting officer for CNA Commercial. In this role, Stephenson will be responsible for underwriting oversight and governance for all business written...
8 Ways Katrina Changed Commercial Property Insurance
Aug 21 2015 // Hurricane Katrina, which devastated New Orleans 10 years ago, is responsible for a number of changes in the commercial property insurance market. According to Rick Miller, U.S. property practice leader at Aon Risk...
Maryland’s Chesapeake Employers Promotes Johnson to Director
Aug 21 2015 // Tammy Johnson Chesapeake Employers’ Insurance Company, the largest writer of workers’ compensation insurance in Maryland, promoted Tammy Johnson to director of the Strategic Business Unit. In this position,...
ACE Commercial Expands Small Business Specialty Offerings Online
Aug 20 2015 // ACE Commercial Risk Services (ACE CRS) announced several new products that expand its suite of specialty commercial products for small businesses. The products are available through ACE Solutions Fast Track, an online...
States Developing IRA Plans for Small Business Employees
Aug 18 2015 // For people working for a small business that doesn’t have a retirement plan, help is on the way. Roughly half of the U.S. states are working to create government-sponsored automatic individual retirement account...
