Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Louisiana Citizens Lowering Commercial Property Rates
Sep 16 2013 // The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance...
After Suggested Workers’ Comp Rate Hike California Employers Hope Reform Kicks In
Sep 13 2013 // The reaction from an employers’ group to a suggested hike in California’s advisory workers’ compensation rates of nearly 7 percent was – surprisingly – cautiously optimistic. The insurer and public...
Start-Up Health Insurance Co-Ops Vow to Compete with Commercial Insurers
Sep 13 2013 // They have rented offices and zero customers. All their capital is borrowed. They’re trying to sign the kind of expensive, chronically ill individuals that insurers have avoided for decades. In three weeks they face...
No Penalty for Employers Not Telling Employees About Obamacare
Sep 13 2013 // Employers will not face a penalty if they fail to inform their workers by Oct 1 about changes under President Barack Obama’s healthcare law, the administration said, in what will likely come as a relief to many small...
Specialty Risk Associates Adds 3 Commercial Underwriters in Louisiana
Sep 12 2013 // Shreveport, La.-based Specialty Risk Associates Inc. announced the hiring of three new commercial lines underwriters – Ryan Gore, Laura Schlidt and Patti Haigler. Prior to joining Specialty Risk Associates, Gore...
Commercial Insurance Prices Continued Up in Q2: Towers Watson
Sep 10 2013 // Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of price increases, according to the latest Commercial Lines Insurance Pricing Survey...
Main Street America Expands Commercial Products to Austin Mutual Agents in Oregon
Sep 10 2013 // The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (Main Line BOP), to independent agents who represent the super-regional property/casualty...
Mississippi to Create Small Business Health Insurance Exchange
Sep 9 2013 // Mississippi Insurance Commissioner Mike Chaney plans to move ahead with a health insurance exchange for small businesses after federal officials approved regulations to allow the move. The Department of Health and Human...
Commercial Insurance Rate Hikes Continuing; Workers’ Comp Profit Ahead in 2014: Moody’s
Sep 9 2013 // Moody’s expects property/casualty commercial insurance rate hikes to continue for the balance of the year, making 2013 the third straight full year of rising rates for commercial lines carriers, according to a...
Workers’ Compensation Benefits, Employer Costs Rise: Study
Sep 9 2013 // Both workers’ compensation benefits paid to insureds and costs for employers increased in 2011, a new study revealed. Total workers’ comp costs to employers rose by 7.1 percent to $77.1 billion, while...
Florida’s Citizens Increasing Rates on Some Commercial Policies
Sep 6 2013 // Florida regulators have approved a first round of rate changes for the state-backed property insurer that include an 8.3 percent increase in condominium association multiperil policies. Citizens Property Insurance Corp....
Commercial Lines Pricing Held Steady in August: MarketScout
Sep 6 2013 // August, traditionally a slower month for commercial property/casualty insurance renewals, was true to form as the composite rate for the P/C market held steady at plus 4 percent, matching the index for July, according to...
Utah Registers 39 Workplace Deaths In 2012
Sep 4 2013 // New figures from Bureau of Labor Statistics show there were 39 workplace deaths in 2012 in Utah – the same total as the year before. The preliminary data shows that transportation-related deaths were the most frequent in...
Agents Who Understand Customers’ Businesses Boost Commercial Insurers: J.D. Power
Sep 3 2013 // Small commercial lines insurance customers most value having an insurance agent or broker who completely understands their individual business and helps them assess and manage their risk. The highest-ranked small business...
Wal-Mart Says It Could Loan $50M to Bangladesh Factories for Workplace Safety
Aug 30 2013 // Wal-Mart Stores Inc. told investors on Thursday that it could provide up to $50 million in low-interest loans or other types of payments to Bangladesh factory owners for building improvements. The money is part of the more...
Workplace Deaths Decreased in Montana
Aug 28 2013 // The state says workplace deaths in Montana decreased last year. The Montana Department of Labor and Industry’s Research and Analysis Bureau says there were 34 workplace fatalities in 2012. That is down by 15 from the...
Aon Risk Solutions Names Middle-Market Practice Leader in Philadelphia
Aug 27 2013 // Aon Risk Solutions, the global risk management business of Aon plc, announced the addition of Jack Reick as a middle-market practice leader in the Philadelphia office. In his new role, Reick will be responsible for driving...
South Padre Island Water Park Fined Nearly $100K for Workplace Hazards
Aug 27 2013 // A popular water park on Texas’ South Padre island has been fined nearly $100,000 after a 20-year-old lifeguard died and a maintenance supervisor was severely injured at the facility. The U.S. Department of...
Indiana Sees Slight Decline in Workplace Deaths
Aug 27 2013 // The number of workplace deaths in Indiana declined in 2012 to the lowest level in the past two decades, according to a new report by the state Department of Labor. The report, released Aug. 22, said Indiana had 113 worker...
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...
