Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Top Loss Leaders in the Oil Patch? Commercial Auto, Workers’ Comp
Jun 18 2014 // There’s no doubt that new advancements in the practice of hydraulic fracturing, or fracking, are driving the current production boom in the oil patch. The technique, which is used to retrieve oil and gas reservoirs...
Fireman’s Fund Names Travelers’ Grote to Commercial Field Executive Post
Jun 17 2014 // Fireman’s Fund Insurance Co. has appointed Walter Grote to the position of commercial insurance field executive. In this national role, Grote will lead Fireman’s Fund Commercial Insurance operations, including...
Ironshore Canada Enters Commercial Property Market for Sector Specific Risks
Jun 17 2014 // Bermuda-based Ironshore Canada has announced its entry into the Commercial Property Market with capacity that enhances its existing suite of specialty products available in the Canadian region. “Ironshore Canada has...
ProSight Launches Gap Endorsement for TV Commercial Producer Wrap-Up Policies
Jun 16 2014 // The ProSight Specialty Insurance group of companies has introduced a production policy endorsement designed to safeguard independent television commercial producers from potential losses not covered by a client’s...
Amazon Workplace Faces Safety Scrutiny After 2 Deaths
Jun 16 2014 // Amazon.com Inc.’s labor issues are growing at its sprawling network of fulfillment centers, where it ships everything from books to big-screen televisions. The U.S. Department of Labor said last week that it’s...
AIG Invests $1.5 Billion in Commercial Lending With Oak Hill
Jun 12 2014 // American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management to help start a lender serving medium-sized companies. AIG has...
Argo Surety, SureTec Launch Mid-Market Surety Program
Jun 11 2014 // Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million...
Commercial Lines Prices Up Only 4% in Q1: Towers Watson
Jun 10 2014 // Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of growth since fourth-quarter 2011, according to a new survey by Towers Watson. The increase is a...
Willis Launches UK’s 1st Shariah Compliant Commercial Property Insurance
Jun 10 2014 // Willis Group Holdings announced that in “response to growing demand from property investors for insurance cover that is compliant with Islamic law it has launched the UK’s first Shariah compliant commercial...
CNA Promotes Szabo to Commercial Underwriting Officer in Chicago
Jun 5 2014 // CNA Financial Corporation promoted Matt Szabo to assistant vice president, commercial underwriting officer for the Chicago, Illinois and Wisconsin branches. Szabo will work with leadership to provide additional strategic...
The Hartford Names Carano Commercial Markets Loss Control VP
Jun 5 2014 // The Hartford has appointed Carl J. Carano vice president of loss control for the company’s Commercial Markets division. Carano will lead development of a risk management services for commercial insurance customers....
CNA Appoints Middle Market Underwriting Director for Philadelphia Branch
Jun 4 2014 // Lori FellerCNA Financial Corporation has appointed Lori Feller as middle market underwriting director for the company’s Philadelphia branch. Feller joined CNA in 2006. Most recently she served as middle market...
Great American Launches Bitcoin Coverage for Commercial, Governmental Entities
Jun 3 2014 // Great American Insurance Group’s Fidelity/Crime Division has launched commercial coverage for bitcoins, a virtual online peer-to-peer medium of exchange. Bitcoins are used as a method of exchange by which...
Heritage Insurance Launches Commercial Residential Program
Jun 2 2014 // Heritage Insurance Holdings, Inc. has launched a new insurance program for commercial residential properties in Florida. The new line will be written by Heritage’s wholly-owned subsidiary, Heritage Property &...
Virginia Raises Fines for Employers Without Workers’ Comp
Jun 2 2014 // Employers in Virginia who fail to provide workers’ compensation insurance for their employees will be assessed, beginning July, a civil penalty of up to $250 per day for each day of noncompliance, subject to a...
Union Mutual of Vermont Cos. Names Director of Commercial Lines Underwriting
May 30 2014 // Geoffrey J. SmithUnion Mutual of Vermont Companies has hired Geoffrey J. Smith as the director of commercial lines underwriting. He is based in Montpelier, Vermont. Smith has over 27 years of experience underwriting and...
Argo Pro Adds Commercial Crime Insurance to Management Liability Portfolio
May 29 2014 // Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its line of management liability insurance products with a new...
FirstComp Launches Small Business BOP Product in Hawaii
May 28 2014 // FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Hawaii. The BOP product is also...
Private Employer Workers’ Comp Rates to Fall Again in Ohio
May 22 2014 // Ohio private employers will again benefit from lower overall workers’ compensation base-rates with a 6.3 percent reduction that will take effect July 1, the Ohio Bureau of Workers’ Compensation (BWC)...
Employers Names Mikulsky Senior Vice President in Nevada
May 19 2014 // Employers named Aaron Mikulsky as senior vice president of business process and policyholder services. He will be based out of Employers’ headquarters in Reno, Nevada. Mikulsky has more than 19 years of experience in...
