Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Study: Financial Executives Expect Business Risks to Persist, Intensify
May 18 2007 // Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through...
Bank of America Eyes Sale of Commercial Insurance Brokerage Unit
May 16 2007 // Bank of America said it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its commercial insurance brokerage business, Banc of America Corporate Insurance...
Demetriou Group Adds Stanzione as Commercial Lines Director
May 16 2007 // Lou Stanzione has joined wholesale broker The Demetriou Group as director of commercial lines. Stanzione brings a decade of wholesale brokerage experience from Zaloom Associates where he began as marketing vice president...
Employers Holdings Announces $75 Million Stock Repurchase Plan
May 11 2007 // The Board of Directors of Employers Holdings Inc. based in Reno, Nev., has authorized a stock repurchase program for up to $75 million of the company’s common stock. The company expects the shares to be purchased...
Calif. Supreme Court Limits Employers’ Liability in Workers’ Comp
May 9 2007 // The California Supreme Court has ruled that workers’ compensation reforms adopted in 2004 do not supersede employer apportionment of compensation for permanent disability injuries. In reviewing cases from five...
Ark-La-Tex Underwriters Hires Weego in Commercial Lines Division
May 9 2007 // Louisiana-based wholesaler/managing general agency Ark-La-Tex Underwriters Inc. announced that Chris Weego has joined the firm as a commercial underwriter/marketer. Weego is experienced and has good knowledge of the...
State Auto Middle Market Entering Texas; Ladner Named VP
May 8 2007 // State Auto Insurance Companies announced that its State Auto Middle Market Insurance (SAMMI) unit is coming to Texas. Industry veteran Gerald F. Ladner will lead the group in the state as vice president of SAMMI’s...
Employers Holding to Report Q1 Results on May 15
May 8 2007 // Reno, Nev.-based Employers Holdings Inc., a workers’ compensation insurance provider, will announce its first quarter 2007 financial results during a conference call and Web cast on Tuesday, May 15, at 10:30 a.m....
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
Agents welcome Citizens expansion of small commercial coverage statewide
May 7 2007 // Citizens Property Insurance Corp. is expanding its insurance coverage for small businesses beyond coastal areas to properties across Florida. “Our goal is to make coverage available as quickly as possible to the...
Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
May 7 2007 // Commercial property/casualty premiums for all sizes of accounts dropped sharply during the first quarter of 2007, with indications that insurance companies are starting to loosen underwriting standards and price...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
Oregon Reports 37 Workplace Deaths in 2006
May 4 2007 // The Oregon Department of Consumer and Business Services announced its 2006 figures for workplace safety. According to its data, 37 people covered by the state workers’ compensation system died on the job. The largest...
Ariz. Offers Insurance Resources for Small Businesses
May 3 2007 // The Arizona Department of Insurance (ADOI) is offering the state’s small business owners insurance curriculum on its online “insurance university, Insure U for Small Business. Six categories of small business...
Texas House Passes Measure to Raise Small Business Tax Exemption
May 3 2007 // The Texas House of Representatives passed House Bill 3928, the franchise tax correction bill, by Rep. Jim Keffer (Eastland), which increases the tax emption for small business in House Bill 3 passed during last...
Alleghany Buying Calif. Workers’ Comp Specialist Employers Direct
May 1 2007 // Alleghany Corp. has agreed to purchase all outstanding shares of California workers’ compensation writer Employers Direct Corp. for $195 million in cash. EDC, which was founded in 2002, is an insurance holding...
Fla.’s Citizens to Provide Commercial Coverage for Small Businesses
Apr 27 2007 // Citizens Property Insurance Corporation’s board of governors gave its approval Thursday of expanded commercial property insurance coverage for small businesses across Florida. “Our goal is to make coverage...
N.Y., Northeast Small Businesses Face Need for Disaster Insurance
Apr 27 2007 // Many small business owners in New York and the Northeast are still trying to recover from floods caused by as much as eight inches of rain earlier this month. Those who had flood insurance can recoup some of their losses,...
Insurance and Small Business Addressed at Big ‘I’ Conference
Apr 27 2007 // Sen. Joe Lieberman, D-Conn., and House Republican Whip Roy Blunt R-Mo., addressed 1,400 independent insurance agents and brokers at the Independent Insurance Agents & Brokers of America’s National Legislative...
