Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Commercial Insurance Prices Dropped 4% in Q3, Reports Towers Perrin
Dec 17 2008 // Commercial insurance prices dropped four percent during the third quarter of 2008 compared to the same quarter a year ago, according to Tower Perrin’s most recent commercial lines insurance pricing and profitability...
OnPoint Underwriting To Acquire Commercial Insurance Services
Dec 17 2008 // Atlanta-based OnPoint Underwriting has acquired the assets of Commercial Insurance Services, based in Greenwood Village, Colo. Terms of the transaction were not disclosed. Commercial Insurance Services is led by Bob...
Thoits Insurance Promotes Hudson to Commercial Lines Manager
Dec 12 2008 // San Jose, Calif.-based Thoits Insurance Service Inc has promoted Shanel Hudson to commercial lines manager. She will manage the commercial lines support units for Select, Risk Management and Programs. Shanel joined Thoits...
Commercial Alliance Insurance Names Deal as Bond Manager in Dallas
Dec 8 2008 // Commercial Alliance Insurance Company (CAIC Surety) has named Richard Deal as the Bond manager of its Dallas office. Deal joined CAIC Surety in July 2008 to expand the company in the North Texas region. From Dallas, CAIC...
Aon Launches New Global Specialty Business Unit
Dec 2 2008 // Following the closing of its acquisition of the UK-based Benfield Group, Aon has announced that it has created a new global specialty business unit – Aon Specialty. The bulletin described the new operation as...
Texas Mutual, NFIB Partnership Pays Dividends for Small Businesses
Nov 25 2008 // Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers. The group has earned more than $542,000 in dividends since 2007,...
Reynolds Joins Willis as Commercial Property Advisor
Nov 20 2008 // Willis Group Holdings announced the appointment of Philip Reynolds as an advisor to its Property Investors Division. Starting in 1995, he “created and built the Royal & SunAlliance (RSA) Property Investors Unit...
Treasury Turns Attention to Credit Needs of Small Businesses
Nov 20 2008 // The Treasury Department said it is working with the Federal Reserve on a plan to make access to credit easier for small businesses. Maintaining that illiquidity in the asset-backed securitization market is affecting the...
Atlas Insurance Appoints Hodson VP of Commercial Lines Division
Nov 19 2008 // Honolulu-based Atlas Insurance Agency Inc. has appointed Sharon Hodson as vice president in its Commercial Lines division. Hodson will be responsible for managing the company’s independent agent workforce in that...
Brown & Brown Acquires Small Business Unit of N.J.’s Conner Strong
Nov 18 2008 // Florida- based Brown & Brown, Inc. said it it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey. The small business insurance...
Scorecard: Small Business at the Supreme Court
Nov 16 2008 // There is no question that the U.S. Supreme Court’s decisions impact small business. In fact, studies have shown that more than 40 percent of the court’s cases deal with issues that directly affect the business...
Florida’s Citizens Offers New Commercial Nonresidential Policy
Nov 16 2008 // Florida’s state-backed Citizens Property Insurance Corp. has begun offering a commercial nonresidential multi-peril policy for business. This new policy is available to eligible nonresidential risks located...
Employers Appoints Harris to VP of Operations for Strategic Markets Region
Nov 13 2008 // Reno, Nev.-based Employers announced the appointment of Regina Harris to vice president of operations for its Strategic Markets Region. Harris, who has more than 22 years of insurance experience, began her career as a...
Main Street America Introduces New Commercial Auto Endorsement
Nov 13 2008 // The Main Street America Group introduced a new commercial auto endorsement — Commercial Auto Elite — available nationwide. The endorsement complements the super regional property/casualty insurance...
Workplace Deaths in Iowa Rise in 2007
Nov 10 2008 // The number of people killed on the job in Iowa is up. According to a preliminary report by the U.S. Department of Labor, 88 people died in work-related accidents in 2007. That’s an increase of 17 over 2006. The...
West Virginia Workplace Fatalities Down 23 Percent
Nov 7 2008 // Workplace fatalities are declining in West Virginia, according to preliminary federal figures released Nov. 5. The numbers show a nearly 23 percent decline in workplace deaths between 2006 and 2007, the U.S. Department of...
Florida’s Citizens Property Insurer Offers Commercial Multi-Peril Policy
Nov 4 2008 // Florida’s state-backed Citizens Property Insurance Corp. will begin offering a commercial nonresidential multi-peril policy on Nov.17. This new policy will be available to eligible nonresidential risks located...
Employers Holdings Acquires AmCOMP
Nov 3 2008 // Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance specializing in small businesses, has acquired AmCOMP Inc. in a...
Commercial P/C Insurers’ Stocks Down 14%; M&A Activity at Historic Highs
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current...
Letter to the Editor: Employers Can Help to Increase Professionalism
Nov 2 2008 // I read Christopher J. Boggs’ commentary, “AIG Crisis Highlights the Need for Insurance Professionalism” (see page N40) and I would like to voice agreement with certain of his assertions and strongly...
