Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Texas Nonfatal Workplace Injury/Illness Rate at 5-Year Low in 2007
Oct 29 2008 // A total of 252,784 nonfatal injuries and illnesses were reported by private industry workplaces in Texas during 2007, the Texas Department of Insurance reported. The resulting rate of 3.4 cases per 100 equivalent full-time...
Tennessee Underwriter Forms Commercial Brokerage in Florida
Oct 28 2008 // Tennessee-based Appalachian Underwriters Inc. established a commercial brokerage division and will open a new office in Sarasota, Fla. to house the new operation. AUI will focus on property and casualty risks that are...
Employers To Report Q3 Earnings in Conference Call
Oct 27 2008 // Reno, Nev.-based Employers Holdings Inc., a provider of workers’ compensation insurance to small, U.S. businesses, will review the company’s third quarter 2008 financial results during a conference call and Web...
How Employers, Agencies Are Responding to the Financial Crisis
Oct 24 2008 // As the impact of the global economic crisis takes hold, a quarter of large U.S. employers expect to make layoffs in the next 12 months. However, most companies are focusing on increased employee communication and smaller...
BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms
Oct 23 2008 // Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining....
Fritz Joins Zurich’s Commercial Regional Managment Team
Oct 23 2008 // Chicago-based Zurich recently announced that Delaine Fritz has been appointed distribution executive for Zurich North America Commercial’s Distribution & Regional Management team. In this role, Fritz is...
AIG to Offer Banks ‘Commercial Umbrella’ Endorsement for Basel II
Oct 22 2008 // AIG Excess Casualty ®, a unit of AIG Commercial Insurance, announced that it is offering an endorsement to its commercial umbrella policy to help U.S. banks operating overseas meet Basel II requirements. “Basel...
Virginia Workplace Fatalities Drop 15 Percent
Oct 22 2008 // Workplace fatalities in Virginia dropped 15 percent in 2007 to their lowest level since 1995. The Virginia Census of Fatal Occupational Injuries reported that 141 on-the-job fatalities were reported last year compared to...
Yates & Associates Names New Business P&C Underwriter/Broker
Oct 21 2008 // Yates & Associates of Tustin, Calif., announced that Denise Plecas will be joining the underwriting department as underwriter/broker – new business P&C. Starting as a receptionist at Hull & Co. in...
Texas Supreme Court Revisits Workplace Injury Case
Oct 20 2008 // The Supreme Court of Texas recently held a rare rehearing of a unanimous decision listening to arguments about whether it erred last year in ruling that a contract employee who suffered on-the-job injuries couldn’t...
AIG Commercial Insurance Battles Back
Oct 20 2008 // Execs Say Balance Sheet, Underwriting Appetite Remain Strong as Ever Exclusive Insurance Journal Interview with AIG Commercial Insurance CEO John Doyle and CFO Rob Schimek The very strengths in its balance sheet, surplus,...
ACE Extends Commercial D&O Offering into Lloyd’s
Oct 17 2008 // ACE Europe announced that it has extended broker access to its market-leading Directors & Officers (D&O) portfolio by writing commercial D&O risks at Lloyd’s. Commercial D&O is now available...
AIG Commercial Insurance Unit Financially Fit and Fighting Back
Oct 14 2008 // The very strengths in its balance sheet, surplus, underwriting and personnel that have made the Commercial Insurance unit of American International Group (AIG) a market leader are keeping it competitive even while the...
New Ohio Workers’ Comp Law to Help 40,000 Employers
Oct 13 2008 // A new law has gone into effect that erases a competitive disadvantage for roughly 40,000 Ohio employers paying workers compensation premiums. For years, about 40,000 of the roughly 280,000 Ohio employers paying...
Small Business Owners Unfamiliar With Risks in Self-Insured Groups’ Workers’ Comp Insurance
Oct 10 2008 // Small business owners are not fully aware of the financial risks involved in obtaining workers’ compensation insurance through self-insured groups, according to the results of the most recent Small Business Opinion...
State Auto Middle Market Adds Blackmon as New Vice President
Oct 8 2008 // Ben Blackmon has been named zone vice president of the State Auto Middle Market Insurance (SAMMI) Midwest Zone office in Naperville in suburban Chicago. Blackmon began his insurance career as an independent insurance agent...
Kentucky Employers’ Mutual Lowers Workers’ Comp Rates
Oct 7 2008 // Kentucky Employers’ Mutual Insurance, a workers’ compensation insurance provider, lowered its rates for numerous industries throughout the state. The rate reduction amounts to 6.7 percent overall and will...
AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units
Oct 3 2008 // American International Group Inc. said it plans to keep its commercial property/ casualty and foreign general insurance businesses, while selling off some life insurance business and seeking alternatives for its securities...
ICW Group Enters Small Business Market
Oct 2 2008 // ICW Group, a group of insurance companies, has entered the small business market for workers’ compensation insurance. Comprehensive coverage and claims services is available in more than 40 small business categories,...
R.I.-Based Commercial Insurer FM Global Revamps Top Management
Oct 2 2008 // FM Global, one of the world’s largest commercial property insurers, has made numerous promotions and reassignments within its senior management team that are to become effective Jan. 1, 2009. Brian J. Hurley,...
