Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS
Jun 14 2023 // Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS). CLIPS found the aggregate price change for U.S....
California Restaurants Offered Priest to Extract Confessions of Workplace ‘Sins’
Jun 14 2023 // Federal wage and hour investigators say a northern California restaurant attempted to use an alleged priest to get employees to admit workplace “sins.” During litigation by the U.S. Department of Labor in...
Nationwide to Take Actions to Limit Risk in Personal, Commercial Portfolios
Jun 13 2023 // Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage...
Fitch: Hardening Commercial Lines Market to Continue Through 2023
Jun 13 2023 // This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest US Commercial Lines Market Update released by Fitch Ratings. The Council of Insurance Agents &...
People Moves: Everest Insurance Names Industry Veteran Laval as Chief Commercial Officer, Int’l; Sompo Taps SiriusPoints’ Cramér Manhem for Europe Board of Directors
Jun 12 2023 // This edition of International People Moves details appointments at Everest Insurance and Sompo International. A summary of these new hires follows here. Everest Insurance Names Industry Veteran Laval as Chief Commercial...
Flood Risk Solutions Launches LaTour Risk, Focused on Commercial Clients
Jun 5 2023 // A veteran of the flood insurance business in Florida has launched a new division of Flood Risk Solutions, tailored to commercial clients. Chad LaTour, who has worked with National General Holdings, an Allstate company, and...
Commercial Property Premiums Up Over 20% to Start 2023: CIAB
Jun 5 2023 // Commercial property premiums increased more in the first quarter of 2023 than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%,...
People Moves: Everest Appoints Maritzen Global CUO; Swearengin to Lead One80 National Casualty Practice; Haggerty Head of QBE NA Commercial Programs
Jun 2 2023 // Everest Insurance Appoints Maritzen Global Chief Underwriting Officer Everest Insurance, the insurance division of Everest Re Group, Ltd., has named Mark Maritzen as global chief underwriting officer. Maritzen is based in...
Pinnacol Issues $15M Dividend to 58K Colorado Employers
May 31 2023 // Colorado’s largest workers’ compensation carrier, Pinnacol Assurance, issued a general dividend of $15 million to 58,000 employers in the state. This marks the organization’s eighth straight year of...
People Moves: The Hartford Promotes Within Group Benefits, Small Commercial, Personal Sales
May 30 2023 // The Hartford announced new leadership appointments in sales and distribution across multiple lines of business in support of the company’s growth and innovation plans. Hayes Henderson has been promoted to head of...
EEOC Warns Employers to Check AI Workplace Monitoring Tools for Bias
May 26 2023 // The head of the U.S. agency charged with enforcing civil rights in the workplace says artificial intelligence-driven “bossware” tools that closely track the whereabouts, keystrokes and productivity of workers...
People Moves: Cowbell Names CNA’s Bilbao as UK Director of Underwriting; Allianz Commercial Promotes Execs in Iberia, Latin America
May 25 2023 // This edition of International People Moves details appointments at Cowbell Cyber and Allianz Commercial. A summary of these new hires follows here. Cowbell Names CNA’s Bilbao as UK Director of Underwriting Cowbell,...
Small Commercial, Big Rewards: Benefits of Diversifying an Independent Agency’s Book of Business
May 22 2023 // Weathering a hard insurance market isn’t for the faint of heart. As premiums increase and personal line capacity decreases, independent agents must seek creative solutions to expand their books of business. Getting...
People Moves: Velilla Joins Gordon & Rees in California in Insurance and Commercial Litigation Practice Groups
May 19 2023 // Gordon Rees Scully Mansukhani hired Rachel T. Velilla as a partner in the firm’s Los Angeles, Orange County and San Diego, California offices. She joins the firm’s insurance, trucking and transportation and...
Commercial Property Premiums Up Over 20% to Start 2023: CIAB
May 18 2023 // Commercial property premiums increased more in the first quarter than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%, according...
Tale of Two Markets: Largest CR Gap Between Personal, Commercial Lines in 15 Years
May 18 2023 // The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal lines came in at 109.9. It was the largest difference in about 15 years, according...
Survey: Texas Employer Participation in Workers’ Comp System up to 75%
May 17 2023 // A survey from the Texas Department of Insurance, Division of Workers’ Compensation’s Research and Evaluation Group found that employer subscription in workers’ comp increased to 75% in 2022, up from 72%...
ICW Group Launches Commercial Package Offering in Illinois
May 9 2023 // ICW Group Insurance Companies, a group of property and casualty carriers, announced the launch of its new commercial package insurance offering in Illinois with plans to expand throughout the U.S. The introduction of...
Maryland Firefighter’s Widow Wins Death Benefits Opposed by County Employer
May 9 2023 // A Maryland widow is entitled to her late husband’s workers’ compensation death benefits because she was dependent upon her husband at the time of his disablement, a Maryland appeals court has ruled. The appeals...
Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout
May 8 2023 // In a “deliberate and modest fashion,” the composite rate for commercial property/casualty lines increased 5% during the first quarter 2023, according to MarketScout. The Dallas-based distribution and...
