Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
New York Loosens Commercial Insurance Regulations for Large Insureds
Nov 21 2011 // New York State Department of Financial Services announced on Monday that it issued new regulations to implement a recently adopted state law that deregulates most insurance business for large, sophisticated companies. The...
Texas DPS: More than 66K Unsafe Commercial Vehicles Sidelined This Year
Nov 21 2011 // Since the beginning of the year, Texas public safety officers have removed more than 66,000 unsafe commercial vehicles and more than 12,000 unsafe commercial drivers from the state’s roadways, the Department of...
AIG Says Commercial Line Rate Hike Is Accelerating
Nov 21 2011 // American International Group said recently its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have offered similar observations in the latest earnings season. “In...
Small Business Owners Trust Their Agents, Survey Reports
Nov 21 2011 // Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group...
California’s State Fund Names Welsh Chief for Workplace Safety
Nov 18 2011 // California’s State Compensation Insurance Fund on Friday named Len Welsh head of workplace safety. Welsh is charged with directing State Fund’s strategies to advance occupational safety and health in...
Employers Pay Workers More Where Sexual Harassment Risk Exists: Study
Nov 18 2011 // Female workers are six times more likely than male workers to experience sexual harassment on the job, according to a report out of Vanderbilt University in Nashville. Vanderbilt University economist Joni Hersch has...
Soft Market Has Hit Bottom for Commercial Lines, New RIMS Survey Says
Nov 16 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
Van Wagoner Entering Oklahoma Commercial Earthquake Market
Nov 16 2011 // Texas-based managing general agency, Van Wagoner Companies, plans to begin selling “monoline” commercial earthquake insurance as a surplus line in Oklahoma, the Oklahoma Insurance Department announced. Van...
Small Business Owners Report High Trust in Agents, Survey Reports
Nov 14 2011 // Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group...
Oregon’s Consumer and Business Department Names Premium Assessment Rate
Nov 14 2011 // An assessment rate of direct earned premium is necessary for the Oregon Department of Consumer and Business Services to carry out its statutory responsibility to regulate, administer, and enforce the workers’...
Nielsen Named Commercial Claims Manager at Founders Insurance
Nov 14 2011 // Matthew J. Nielsen has joined the Founders Insurance Co. of Des Plaines, Ill., as commercial claims manager. Nielsen’s responsibilities include supervising a unit of claims analysts, providing guidance and direction...
Louisiana Citizens Increases Commercial Premiums
Nov 14 2011 // The board of the Louisiana Citizens Property Insurance Corp. has given final approval to a 22.1 percent rate increase for its 5,734 commercial policyholders, a move that could mean an increase of about $700 in the average...
Employer-Sponsored Health Insurance Hits New Low
Nov 14 2011 // The percentage of Americans who have health insurance through their employer slipped to a new low of 44.5 percent in the third quarter, a drop of over 5 percentage points in three years, according to a poll released...
AIG Says Commercial Line Rate Hike Is Accelerating
Nov 4 2011 // American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season. “In U.S....
Utica National Launches Cybersurance for Small Businesses
Oct 28 2011 // Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, privacy and security breaches by cyber-criminals accessing sensitive company and...
Ohio Public Employer Workers’ Comp Rates Falling
Oct 28 2011 // Ohio’s 3,900 public employer taxing districts will pay an estimated $22 million less for workers’ compensation coverage next year following tadecision by the Ohio Bureau of Workers’ Compensation (BWC)...
Ohio Businesses Awarded More Than $200K for Workplace Safety
Oct 27 2011 // The Ohio Bureau of Workers’ Compensation (BWC) reported that 10 Ohio businesses received more than $217,000 in safety intervention grants in September to improve workplace safety. The Safety Intervention Grant...
Chartis Appoints Chief Underwriting Officer for Global Commercial Unit
Oct 26 2011 // Chartis has appointed Tim Carter as chief underwriting officer for the company’s global commercial insurance unit. He will be responsible for underwriting leadership, strategy and governance for the financial lines,...
U.S. Offering Small Businesses Free Cyber Security Tool
Oct 25 2011 // The U.S. government is making it easier for small businesses to beef up defenses against cyber criminals through a free, online tool, the top U.S. communications regulator said Monday. The Small Biz Cyber Planner will...
Workplace Deaths Double in West Virginia
Oct 19 2011 // Fatal on-the-job incidents in West Virginia more than doubled in 2010 compared to the previous year. The U.S. Bureau of Labor Statistics said 95 workers were killed in workplace incidents, up from 41 in 2009. It’s...
