Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Commercial Insurers’ Stocks Flat in 2007; M&As Heat Up
Jan 27 2008 // Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large...
As Stocks Fall, Small Businesses Urged to Start Retirement Plans
Jan 25 2008 // Amid the turbulence of the plunging stock market, there’s a great opportunity for small business owners — if they set up retirement plans now, they’ll position themselves and their employees for big gains...
Welch Joins Vermont Mutual as Commercial Lines Underwriter
Jan 25 2008 // Michael P. Welch recently joined Vermont Mutual Insurance Group in Montpelier as a commercial lines underwriter. Welch spent the past 11 years with Underwriters Agency of New England as assistant vice president of...
North Carolina Officials Say Workplace Deaths Dropped in 2007
Jan 23 2008 // The North Carolina Labor Department says workplace deaths dropped 29 percent statewide in 2007, down to 46 from 65 the year before. The leading cause of workplace death was being crushed, with those accidents having...
Sharon Haenig Joins Sullivan E&S as Commercial Lines Manager
Jan 23 2008 // January 23 2008 – Orange, CA – G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as Commercial Lines Manager for its office in Orange, CA. Sharon will be...
State Auto Middle Market Open House to Celebrate Move to Texas
Jan 22 2008 // Announcing plans for major growth in the Texas marketplace, State Auto Middle Market Insurance (SAMMI), said it will host an open house Jan. 28 in its new office in Austin to celebrate the unit’s entrance into the...
Sullivan E&S Appoints Haenig as Commercial Lines Manager
Jan 22 2008 // G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as commercial lines manager for its office in Orange, Calif. Haenig will be responsible for business development and market...
Commercial Lines Pricing Shows Modest Decrease from 2006 to 2007
Jan 17 2008 // Average prices for all lines of commercial insurance decreased 4 percent to 5 percent between 2006 and 2007, according to Towers Perrin’s commercial insurance pricing study. More specifically, the survey data for the...
S&P Affirms, Withdraws Westport Ratings after Merger with Employers Re
Jan 16 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ financial strength rating on Westport Insurance Corp. and then withdrew the rating at the request of management. The outlook had been...
5 Fla. Juveniles Charged with Arson, Commercial Building Destroyed
Jan 14 2008 // Five Pensacola, Fla., juveniles are facing arson and burglary charges following an investigation into a fire that destroyed a commercial building on January 3. No injuries were reported. The juveniles ranging in age from 8...
Survey: Prices Continue to Drop for Commercial Lines Market
Jan 14 2008 // Commercial lines insurance premiums continued to tumble during the fourth quarter of 2007, according to the RIMS Benchmark Survey, an industry survey of policy renewal prices as reported by corporate risk managers. Despite...
Employers Should Evaluate Testing Procedures to Eliminate Bias
Jan 13 2008 // Employers often use test and other selection procedures to screen applicants when hiring and evaluating employees for promotion. In fact, there has been an increase in employment testing due in part to post 9/11 security...
Workers’ Comp Writer Employers Holdings to Acquire AmCOMP
Jan 11 2008 // Employers Holdings, Inc. of Reno, Nev., reports it has agreed to acquire AmCOMP Inc. for approximately $230 million, including the assumption of $37 million in debt. The acquisition will expand Employers’...
California Governor To Propose Homeowners, Business Property Insurance Policy Tax
Jan 10 2008 // California Gov. Arnold Schwarzenegger is expected to propose a 1.25 percent tax on homeowners and business property insurance policies when he unveils his state budget today. “The expected proposal will unfairly...
S&P: TRIPRA’s Passage Keeps U.S. Commercial Lines Outlook Stable
Jan 8 2008 // On Dec. 26, 2007, President George W. Bush signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), thereby retaining the federal backstop for terrorism risk through Dec. 31, 2014. The...
Maryland Employers with Illegal Workers Could Be Fined
Jan 3 2008 // Frederick County, Md. Commissioner Charles Jenkins is calling for penalties for local businesses that hire illegal immigrants. He is talking to the county attorney about a plan to audit local businesses that receive...
IRISK Solutions Targets Risk Management Services to Middle Market
Jan 3 2008 // IRISK Solutions is a new independent risk management consulting firm, targeting small to middle market companies with annual gross premiums from $50,000 to $1 million. IRISK uses an Enterprise Risk Management approach to...
Ruling Affirms Employers May Factor Medicare into Retiree Benefits
Dec 28 2007 // Employers may continue the long-standing practice of taking Medicare into account when structuring the health care benefits voluntarily provided their retired workers, says the Equal Employment Opportunity Commission in a...
Lloyd’s Insurers Consider Coverage for Commercial Space Flights
Dec 28 2007 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result...
Zurich Establishes Asia-Pacific Corporate Business Unit
Dec 14 2007 // Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP). The new...
