Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Enhanced Technology, Workflows Contribute to Workplace Satisfaction
Sep 19 2011 // Over the years, I’ve engaged with thousands of independent insurance agents and brokers. Today, my work centers on enhanced technology and workflows. It sounds dry, but nothing could be further from the truth,...
Business Risk Partners Launches Lloyd’s-Backed Home Inspectors E&O Coverage
Sep 14 2011 // Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, underwritten by Lloyd’s of London, reflects improvements across the board as a result...
Prices Up in All Commercial Lines: Towers Watson
Sep 13 2011 // In an indication that the market may be hardening, commercial insurance prices in aggregate increased by nearly 1.5 percent during the second quarter of 2011. It’s the first time since the fourth quarter of 2003 that...
Mass. Court Rules on Joint Employers’ Responsibilty for Workers’ Comp
Sep 8 2011 // Two employers can be held jointly responsible for workers’ compensation benefits for an injured worker whom they both classified as an independent contractor, a Massachusetts appeals court has ruled. The...
California Passes Bill on Employer Rights in Workers’ Comp Arbitration
Sep 7 2011 // The California State Legislature on Tuesday passed a bill that California Insurance Commissioner Dave Jones said will make workers’ compensation policies more transparent and fair. The measure, Senate Bill 684,...
North Carolina Defends Workplace Safety Record as Inspections Drop
Sep 6 2011 // Twenty years after the worst industrial accident in North Carolina history, there are signs that progress in worker safety made after the deaths of 25 people in a chicken plant fire is beginning to wane. The Charlotte...
MMA Insurance UK Expands Commercial Auto Coverage
Aug 22 2011 // The UK’s auto (motor) insurance market is extremely competitive, and over the past few years usually unprofitable. As a result a number of insurers are reducing capacity and/or contracting their distribution for...
Business Risk Partners Launches Lloyd’s-Backed Miscellaneous E&O Form
Aug 19 2011 // Business Risk Partners (BRP) now offers a new standard professional liability (E&O) policy form for hundreds of service professions. Policies will be underwritten by Lloyd’s of London, the company’s partner...
Florida Employers May Face Higher Workers’ Compensation Costs
Aug 19 2011 // Florida business owners could see their workers’ compensation premiums go up if regulators agree to raise rates by a recommended statewide average 8.9 percent. The National Council of Compensation Insurance (NCCI)...
Ironshore Launches Commercial Crime Coverage Through Pembroke Syndicate
Aug 16 2011 // Ironshore Inc.’s Lloyd’s Pembroke Syndicate 4000 has launched a commercial crime unit as an expansion of its financial lines operations. Sarah Markham has been named director of the new unit, reporting to...
Agents Say Insurers Out of Touch with Needs of Small Businesses
Aug 11 2011 // Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one, carriers have been busy coming out with new products and coverage enhancements for...
Acentria Acquires Florida’s Concord Commercial Insurance
Aug 4 2011 // Destin, Florida-based insurance agency Acentria has acquired Concord Commercial Insurance Agency in Punta Gorda, Florida. Bob and Tyler Wilson along with their employees are joining Acentria and continue to offer...
How Top 100 Firms Impact Business Risk
Aug 1 2011 // Many members of the Insurance Journal Top 100 have at least one business objective in common. They all understand the importance of impacting their client’s business risks. These include not just the hazard risk but...
P/C Commercial Prices Showed Modest Increases in Q2: Brokers’ Survey
Jul 28 2011 // Pricing in the U.S. commercial property/casualty market showed modest increases in the second quarter of this year, compared with the first quarter. That’s according to The Council of Insurance Agents &...
CNA Enhances Real Time Quoting System for Small Business Agents
Jul 28 2011 // Chicago-based CNA announced enhancements to its Real Time Quoting system for agent quoting of Small Business accounts. The company said CNA’s newest Real Time Quoting solution enables Small Business agents and...
Zurich North America Commercial Offers Alternative to Texas Nonsubscribers
Jul 21 2011 // Property and casualty insurance Zurich announced its North America Commercial’s Accident & Health unit is now providing an alternative to Texas workers’ compensation coverage for employers who opt out of...
Calif. Court Limits Employer’s Liability in Acts by Employees
Jul 18 2011 // The California Supreme Court has confirmed a limitation on an employer’s potential tort liability for the acts of its employees, with a particular emphasis on employees operating motor vehicles in the course of their...
As Small Business Shrinks, Small P/C Insurers Lose
Jul 18 2011 // The property/casualty small business sector – those accounts with less than 50 employees – has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and...
Samsung Says Study Finds Workplace Isn’t Cause of Employees’ Cancer
Jul 14 2011 // A study commissioned by Samsung Electronics rejected assertions that employees may have been exposed to carcinogenic chemicals at its plants, as several cancer-stricken former employees of the world’s top memory...
Workers’ Comp Rates for Ohio Marine Industry Employers Decrease 20%
Jul 8 2011 // The Ohio Bureau of Workers’ Compensation (BWC) has reduced its rates for marine industry employers by 20 percent, effective July 1, the BWC said. The change lowers the rates for employers conducting business on Ohio...
