Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Moody’s Expects Commercial P/C Rates to Continue Rising in 2013
Aug 27 2013 // Moody’s said it expects U.S. property/casualty (P/C) insurance rates to continue to rise during the remainder of 2013 for the major commercial lines, following significant rate increases for 2012. This increase would...
Wyoming Workplace Deaths Reached 5-Year High In 2012
Aug 26 2013 // Workplace fatalities in Wyoming reached the highest number in five years in 2012, slightly surpassing the number of deaths the state has seen in each of the past several years. Last year, 35 people died on the job in...
Liberty Mutual Commercial Unit Names Martin to Head National Property
Aug 26 2013 // Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Mike Martin as executive vice president and general manager, National Insurance Property. Martin will lead a unit that provides...
Employer Health Premiums Slow for Second Year: Kaiser
Aug 22 2013 // Health-insurance premiums to cover working Americans rose 4 percent this year, less than the previous two years in another sign that the cost of employee benefits for U.S. companies may be slowing. Annual premiums for a...
Workers’ Compensation Benefits, Employer Costs Rise: Study
Aug 20 2013 // Both workers’ compensation benefits paid to insureds and costs for employers increased in 2011, a new study released today revealed. Total workers’ comp costs to employers rose by 7.1 percent to $77.1 billion,...
States Weakening Commercial Host Liability Laws to Protect Retailers
Aug 19 2013 // A new report says that in recent years many states have enacted legislation to protect retailers from commercial host liability by increasing the evidentiary requirements, limiting the amount of liability awards and/or...
Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey
Aug 19 2013 // Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and brokerage firms, according to a survey by Reagan Consulting, a management consulting...
Commercial Rate Increases Slowed in July: MarketScout
Aug 19 2013 // After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout’s market index. Rate increases for...
Rates for Same Workplace Injuries Vary by State: Study
Aug 13 2013 // Rates of serious workplace injury and illness vary significantly between states, even for workers in the same industries, according to a recent report. Allsup, a provider of Social Security Disability Insurance (SSDI)...
Woodruff Promoted to VP, Commercial Client Services at RHSB
Aug 8 2013 // Courtney Woodruff has been promoted to vice president of commercial client services at Texas-based insurance brokerage, Roach Howard Smith & Barton (RHSB). Woodruff joined RHSB in 2007 as an account executive leading...
First Felony Conviction Won Against Uninsured Employer in Illinois
Aug 8 2013 // For the first time, an uninsured employer has been convicted of a Class 4 felony for failing to obtain workers’ compensation insurance in Illinois, the state workers’ compensation commission announced. Ahmed...
Commercial Rate Increases Slowed in July: MarketScout
Aug 6 2013 // After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout’s market index. Rate increases for...
Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey
Aug 6 2013 // Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and brokerage firms, according to a survey by Reagan Consulting, a management consulting...
CNA Introduces New Package Policy For Mid-Sized Businesses
Aug 5 2013 // CNA has launched CNA Paramount, a new package policy for mid-sized businesses that combines property and general liability coverage. CNA Paramount brings all the basic and critical property and crime coverage needs into...
Liberty Mutual EVP Burnett’s Role Expands in Business Insurance Unit
Aug 5 2013 // Liberty Mutual Insurance has given Executive Vice President Julie Burnett an added responsibility as head of distribution for the company’s Business Insurance operation. In addition to this appointment, Burnett will...
Delay in Employer Mandate Review is Welcome
Aug 5 2013 // The Obama Administration’s recent decision to delay implementation of the Employer Mandate and reporting requirements in the Affordable Care Act should be viewed as a welcomed move. Namely, it’s an opportunity...
Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying...
IA&B Survey: Agencies Report Slight Decrease in Commercial Carrier Satisfaction
Jul 23 2013 // Insurance Agents & Brokers (IA&B) — a partnership of three agents’ associations serving Pennsylvania, Maryland and Delaware — said its latest survey shows its members’ overall satisfaction...
Travelers’ Small Business Risk Education Program Launched in Chicago
Jul 18 2013 // The Travelers Companies Inc. announced the launch of the Small Business Risk Education (SBRE) program in Chicago to help women and minority small business owners learn about risk management, develop safety risk management...
Galvin Named President of Midwest Employers Casualty
Jul 17 2013 // W. R. Berkley Corp. said it has named Timothy F. Galvin as president of its subsidiary, Midwest Employers Casualty Co. (MECC). The appointment is effective immediately. Galvin succeeds Melodee J. Saunders, who has served...
