Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Montgomery Insurance Unveils New Commercial Products
Dec 3 2007 // Montgomery Insurance, a Charlotte, N.C.-based member of Liberty Mutual Group introduced a new commercial product line: The Montgomery Advantage Commercial Series. The centerpiece of the new line is CUSTOM PROTECTOR, a...
OSHA Rules Employers Must Pay for Workers’ Safety Equipment
Dec 2 2007 // Employers will have to pay the full cost for almost all personal safety equipment used by their workers, the Labor Department said recently, a move advocates say will prevent thousands of on-the-job injuries. The...
S&P: Softening Prices Should Start To Affect U.S. Commercial Lines Insurers
Nov 30 2007 // Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings...
NAS Insurance Services Offers EPLI for Small Businesses
Nov 28 2007 // Encino, Calif.-based NAS Insurance Services has a new small business employment practices liability insurance coverage (for companies with 10 full time employees or less) featuring higher commissions. This new EPLI...
Zurich Adds 100 Small Business Workers’ Comp Classifications
Nov 28 2007 // Zurich North America announced it has added 100 monoline workers’ comp business classifications to its coverage offerings. Most of the new classes are for light manufacturing, wholesale and service company risks. The...
Employers Holdings Reports Net Income of $29.9 Million in Q3
Nov 20 2007 // Reno, Nev.-based Employers Holdings Inc. reported results for the third quarter and nine months ended Sept. 30, 2007. Consolidated net income was $29.9 million, or $0.58 per share, for the third quarter of 2007, compared...
OSHA Rules Employers Must Pay Cost of Workers’ Safety Equipment
Nov 19 2007 // Employers will have to pay the full cost for almost all personal safety equipment used by their workers, the Labor Department said recently, a move advocates say will prevent thousands of on-the-job injuries. The...
Fla.’s Citizens Begins Offering Commercial Multi-peril
Nov 18 2007 // The Florida Office of Insurance Regulation approved a new multi-peril commercial insurance program for Citizens Property Insurance Corp. The new multi-peril product provides up to $2.5 million in coverage. The policies...
Commercial insurers stock prices, M&A activity flat in third-quarter 2007
Nov 4 2007 // Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent. M&A Activity: The...
Calif. Sees Downward Trend in Workplace Injuries, Accidents
Nov 1 2007 // The California Department of Industrial Relations (DIR) announced that workplace injuries and accidents declined in California in 2006 in all but four of 19 key industries compared to 2005. Overall workplace injuries and...
UK Broker Scrutton Bland Joins Willis Commercial Network
Oct 30 2007 // Willis Group Holdings further strengthened its UK “Willis Commercial Network “(WCN) with the announcement that brokers Scrutton Bland Ltd. have joined the organization. Willis established its Commercial Network...
Trans Cal Promotes Two in Commercial Transportation and P/C Divisions
Oct 29 2007 // Managing general agent and surplus line boker Trans Cal Associates announced the expansion of it underwriting staff. Sarah Lemons was promoted to commercial lines underwriter in Trans Cal’s Commercial Transportation...
Harry W. Gorst Promotes Taylor to Commercial Lines Underwriter
Oct 29 2007 // The Harry W. Gorst Co. of Chatsworth, Calif., has promoted LaTanya Taylor to commercial lines underwriter. Taylor began her career in insurance in 1989 at a large California wholesaler, in which she specialized as a tech...
Small businesses should take cover under excess liability coverage
Oct 27 2007 // The insurance buying habits of the typical small commercial customer haven’t changed much in 15 to 20 years, yet the small business owner may be in more need of the added protection given by the purchase of a...
NetRate Systems Introduces ‘Black Box’ Component for ISO Commercial Lines Rating
Oct 26 2007 // Okemos, MI October 26, 2007 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of component objects...
S.C.’s Rosenfeld Einstein Adds Terry to Commercial Team
Oct 25 2007 // South Carolina regional brokerage and consulting firm, Upstate-based Rosenfeld Einstein, added Jay Terry as Commercial Account Executive. Terry joins Rosenfeld Einstein after running his own insurance firm in Charleston,...
Wallisa to Join State Auto Middle Markets
Oct 25 2007 // Gina Wallisa will be joining State Auto Middle Markets’ (SAMMI) Texas office effective Oct.29, 2007, the company reported. Wallisa will serve as the zone underwriting manager responsible for executing regional...
OneBeacon Enters Indiana Small Business Market
Oct 24 2007 // Canton, Mass.-based One Beacon Insurance Group announced Tuesday that it will begin offering property-casualty products to small-business owners in Indiana through independent agent partners. OneBeacon’s local...
Zurich Commercial Expands Group Captive Product
Oct 24 2007 // Zurich is now offering its group captive product to agency, association and managing general agent (MGA) captives using independently owned segregated portfolio companies. “With the segregated portfolio option we now...
Md. Workplace Fatalities Rises in 2006
Oct 24 2007 // Statistics show the number of fatal work injuries in Maryland rose to 105 last year, an increase of 10 from the year before. The figure also represents the highest annual total since the U.S. Department of Labor’s...
