Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 11 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
Georgia Lawmaker Wants to Ban Genetic Profiling by Insurers, Employers
Feb 6 2007 // Georgia state Rep. Ed Setzler says he’s seen a glimpse into the future — and he doesn’t like all he sees. The Acworth Republican has introduced a bill aimed at outlawing genetic profiling in Georgia by...
Texas State Senator Files Bill to Provide Tax Relief to Small Businesses
Feb 6 2007 // State Rep. Harvey Hilderbran (Kerrville) has filed House Bill 1022 and House Joint Resolution 54 which clarify that personal vehicles used for the production of income are exempt from ad valorem taxation. “Most small...
Del. Focuses on Workplace Safety for Hispanic Construction Contractors
Feb 5 2007 // As Delaware’s rural landscape gives way to housing developments, immigrant workers who once took jobs in the agriculture and poultry industries are turning to home construction and landscaping. While reaping the...
Mass. Settles with Employers Re Over Inflated Workers’ Comp Charges
Feb 2 2007 // Massachusetts Attorney General Martha Coakley has setttled a case brought by the state against Employers Reinsurance Group (ERC), a former subsidiary of General Electric, for unlawfully hiking the price of the Boston Water...
McFall Hires Carlson for Commercial Transportation and Garage Department
Feb 2 2007 // Portland, Ore.-based McFall General Agency Inc. has hired Donna J. Carlson in the Commercial Transportation and Garage Department. Carlson has been in the commercial transportation underwriting arena for more than 25...
PGI Commercial Adds Restaurant Program, Branch Office in Mich.
Feb 1 2007 // Morristown, N.J.-based PGI Commercial (PGIC), the U.S. program manager of Bermuda-based insurance distributor Primary Group Limited, has added an underwriting team and opened a branch office in Troy, Mich. The unit will...
LWCC Urges Employers to Prepare Workers for Cold Weather
Jan 31 2007 // According to recent weather statistics, average February temperatures in Louisiana range from 43 to 64 degrees. Consequently, many Louisiana workers who have become accustomed to working in these milder than usual winter...
Small Business Owners Could Benefit from New Pension Law
Jan 30 2007 // Now is the time for small business owners to bone up on a new law that makes big changes in employee retirement plans. The Pension Protection Act of 2006, passed in August, rewrote many of the rules on pensions in an...
Commercial insurers’ stocks reflect 4th quarter profits, calm storm season
Jan 29 2007 // Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices...
Study: Young Have More Workplace Accidents But Lower Costs Per Claim
Jan 29 2007 // On average, younger workers have higher incidence rates of workplace injuries and illnesses than older workers while older workers have higher costs per claim, according to the industry’s National Council on...
Commercial insurers’ stocks reflect 4th quarter profits, calm storm season
Jan 28 2007 // Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices...
Liberty Mutual Fellowship Backs Workplace Safety Research
Jan 26 2007 // The Boston-based Liberty Mutual Group recently donated $30,000 to the American Society of Safety Engineers (ASSE) Foundation in continuation of its commitment to occupational safety and health research through the support...
America First Expands Online Billing Service to Commercial Clients
Jan 26 2007 // Dallas-based America First Insurance, a member of Liberty Mutual Group, announced the expansion of its Online Billing Service Center to allow its commercial lines customers to make online payments and view their account...
Indiana Insurance Adds Online Billing Option for Commercial Customers
Jan 24 2007 // Indiana Insurance, a member of Liberty Mutual Group, is expanding its Online Billing Service Center to allow its commercial lines customers to make online payments and view their account summaries and payment...
Survey: Commercial Prices Continue Declining in Non-Catastrophe Areas
Jan 24 2007 // Commercial insurance premiums continued their decline in all but catastrophe-exposed areas during the fourth quarter of 2006, with insurers willing to lower prices and place fewer restrictions on coverage to get new...
Gardner Joins N.J.-Based Bollinger as Commercial Lines Director
Jan 19 2007 // Matthew Gardner has joined insurance broker Bollinger, Inc. as managing director of its Commercial Lines Division. He will operate out of the Short Hills, New Jersey corporate headquarters and will oversee...
AAIS Files Terrorism Loss Costs in Commercial Properties
Jan 19 2007 // The American Association of Insurance Services (AAIS) is introducing loss costs for pricing terrorism coverage in its Commercial Properties Program. A countrywide manual supplement filing, now underway, will substitute the...
Fla. Day 2: Senate Passes 25% Rate Cut; Citizens Would Enter Commercial
Jan 18 2007 // Two days into a special legislative session, after debating 20 amendments, the Florida Senate voted to pass Senate Bill 4-A, a measure which promises an average 25 percent premium cut to homeowners and lets Citizens...
Burns & Wilcox To Offer Commercial Earthquake Coverage
Jan 16 2007 // Burns & Wilcox, a Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, is offering of a new commercial “all risks” property program that includes...
