Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
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...
NFIB, EMPLOYERS Expand Workers’ Comp Program to Eight More States
Jul 6 2011 // The National Federation of Independent Business (NFIB) has extended its discounted workers’ compensation coverage benefits to its members in Minn., Ky., S.C., Iowa, Nev., Utah, Idaho and Ore. through...
Technology Rewrites Rules of the Road for Commercial Fleets
Jul 4 2011 // Drivers may see it as “Big Brother”, but insurers and program managers that cater to commercial fleets say the use of technology such as cameras, black boxes and other tools that manage fleets is increasingly...
New York Deregulates Large Commercial Lines
Jul 4 2011 // New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial insurance products and rates. The bill exempts insurance policies written for large...
Make Employers’ Provision of Group Health Insurance Easier, Less Costly
Jul 4 2011 // More than half of all Americans receive health insurance through an employer. Let me advance a bold premise: This is not entirely a bad thing. By insuring 150 million of us, employer-based plans relieve government of the...
Commercial Auto Claims on the Rise – Will Rates Come Next?
Jul 4 2011 // An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going...
The Motorists Insurance Group Affiliate Rebranded as Motorists Commercial Mutual
Jun 30 2011 // American Hardware Mutual Insurance Co. has been renamed Motorists Commercial Mutual Insurance Co. after receiving approval from policyholders, the Ohio secretary of state and the Ohio Department of Insurance. Changing the...
Calif. Court Limits Employer’s Liability in Acts by Employees
Jun 29 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...
