Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Safeco to cut homeowners, commercial rates across California
Feb 26 2007 // Seattle-based Safeco announced it will be cutting rates for California homeowners in 2007 by an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California, according...
Stock prices mixed; middle market M&As remain active
Feb 26 2007 // Stock Prices: Brokers’ stock prices were mixed as 2006 came to a close. The two largest brokers did not fare well in 2006 as Marsh & McLennan Company Inc.’s (NYSE:MMC) stock was down 1.2 percent for the...
Stock prices mixed; middle market M&As remain active
Feb 25 2007 // Stock Prices: Brokers’ stock prices were mixed as 2006 came to a close. The two largest brokers did not fare well in 2006 as Marsh & McLennan Co. Inc.’s (NYSE:MMC) stock was down 1.2 percent for the year...
Maverick Commercial Offers Program for Calif. Commercial Contractors
Feb 22 2007 // Calabasas, Calif.-based Maverick Commercial Insurance Services has added a new program for artisan contractors, which includes workers’ compensation, general liability and automobile coverage. The program is an...
Abram Interstate Offers Market for Small Commercial and BOP Products
Feb 15 2007 // Abram Interstate Insurance Services Inc. in Rocklin, Calif., is announcing a new “A+” XV rated admitted market for small commercial and BOP products in California and Arizona. The program provides coverage for...
Jimcor Adds Business Auto Coverage for N.J. Artisan Contractors
Feb 15 2007 // Insurance broker Jimcor Agencies has announced a new facility to provide business auto coverage for artisan contractors, mobile catering trucks, manufacturers and distributors in New Jersey. The carrier is admitted in New...
Safeco To Cut Homeowners, Commercial Rates
Feb 13 2007 // Seattle-based Safeco has announced it will be cutting rates for California homeowners in 2007 an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California,...
Michealis to Head Commercial Lines Operations at IMA of Texas
Feb 13 2007 // Dallas-based IMA of Texas Inc. announced it has promoted April Michaelis to the position of commercial insurance operations manager. She formerly served as administrative/operations manager. In this position, Michaelis...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 12 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...
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...
