Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
A 268% hike in commercial insurance rates from the
Dec 10 2006 // state’s high-risk pool is slowing recovery for small businesses on the Mississippi Gulf Coast.
La. Gov. Urges Insurer to Reverse Plan to Stop Renewing Commercial Policies
Dec 7 2006 // Louisiana Gov. Kathleen Blanco met with the state’s largest commercial insurer on Dec. 5, trying to convince executives to reverse an earlier decision to stop renewing policies in the New Orleans area next year. St....
OneBeacon Programs Liability with Media Business Coverages
Dec 6 2006 // Broadcasters, publishers, multimedia companies, advertisers, advertising agencies and others in the media business have a new option for safeguarding themselves against loss. OneBeacon Insurance has a new product that...
Travelers Expands Monoline Commercial Auto Insurance Offerings
Dec 5 2006 // Travelers is now making available commercial auto coverage for small to mid-sized businesses on a monoline basis through its Select Accounts, Commercial Accounts and Construction divisions. This expanded monoline auto...
Fitch Says Coastal Commercial Real Estate Values May Suffer
Dec 5 2006 // Despite the light 2006 hurricane season U.S. commercial real estate values in coastal areas still may suffer as insurance companies continue to minimize their exposure windstorm insurance coverage, according to a special...
St. Paul Travelers Won’t Renew Some Commercial Policies in New Orleans
Dec 4 2006 // St. Paul Travelers said Dec. 1 that it will stop renewing many commercial insurance policies in the New Orleans area next year, stoking fears that other insurers are prepared to pull out of the market after Hurricane...
Nevada Employer Insurance Firm Converting to Stock Company
Dec 4 2006 // The parent of Employers Insurance Co. of Nevada has won state authorization to convert from a mutual to a publicly traded stock company — and in the process give its 6,500 members cash and stock that could add up to...
Recovering Miss. Businesses Face Hefty Commercial Insurance Hikes
Nov 28 2006 // Hurricane Katrina’s 100-plus mph winds only damaged the eaves of Morris Strickland’s shopping center a few miles from the Ocean Springs, Mississippi beach. The damage cost less than $2,000, and stores leasing...
Md. Court Upholds Fellow Employee Exclusion in Commercial Auto Policy
Nov 22 2006 // The Maryland Court of Appeals has held that a fellow-employee exclusion in a commercial automobile liability policy is valid and enforceable above the minimum statutory liability limits. The court found that a business...
Washington employers to save $315 million in workers’ compensation
Nov 20 2006 // Washington Gov. Chris Gregoire announced that the state’s employers and workers could save an estimated $315 million in workers’ compensation premiums next year as the result of a six-month partial suspension...
Commercial premiums, except coastal property, continue to fall
Nov 20 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 20 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
Conn. high court rules liability waiver doesn’t immunize negligent employer
Nov 19 2006 // Requiring a worker to sign a liability waiver does not give blanket immunity to employers if that person is later hurt on the job, the state Connecticut Supreme Court has ruled. The ruling said the waivers do not protect...
Washington employers to save $315 million in workers’ compensation
Nov 19 2006 // Washington Gov. Chris Gregoire announced that the state’s employers and workers could save an estimated $315 million in workers’ compensation premiums next year as the result of a six-month partial suspension...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 19 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
Commercial premiums, except coastal property, continue to fall
Nov 19 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
Ohio National Interstate Launches Commercial Vehicle Product
Nov 16 2006 // Richfield, Ohio-based National Interstate Corp. recently announced that its principal insurance subsidiary National Interstate Insurance Co. has added a commercial vehicle product to its offering. The new product line,...
The Hartford Expands Program to Commercial Property Managers
Nov 15 2006 // The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The Hartford’s target market encompasses...
Pa. Creates Fund for Injured Workers of Employers Without Workers’ Comp
Nov 15 2006 // Pennsylvania Gov. Ed Rendell has signed legislation creating a fund to pay injured workers whose employers lack workers compensation coverage. The same bill — HB 2738 — increases the minimum amount an injured worker...
ACE Europe Names Cryer UK, Ireland Commercial Property, Package Product Manager
Nov 13 2006 // Ace European Group has named Stephanie Cryer as its UK and Ireland Commercial Property and Package Product Manager. She joins ACE from Chubb where she was most recently the London Strategic Marketing manager and previously...
