Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
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...
OSHA Compliance in the Workplace
May 8 2023 // Workplace health and safety are top of mind for employers, especially after a recent incident at a Mars factory, where workers fell into a vat of chocolate. To prevent such accidents, it’s important for businesses to...
Employers Grappling With Changing Workplace Where Labor Is Scarce & Workers Feel Isolated
May 8 2023 // A national labor shortage has created ideal conditions for skilled workers to negotiate for better pay and more flexible work schedules, but also new challenges for employers: Staff members aren’t eager to return to...
34% of Workplace Injuries Occur in First Year on the Job: Travelers
May 5 2023 // More than a third of workplace injuries occur during employees’ first year on the job, regardless of age or industry experience, according to a new report from Travelers. In fact, an employee’s time spent in a...
What to Expect: WTW Spring Commercial Insurance Forecasts Mixed
May 3 2023 // In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t...
People Moves: MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles; AXA XL Insurance Names Duke as Head of Pricing, Mid-Market Team
May 2 2023 // MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles DUAL North America Inc., a subsidiary of Howden Group, has appointed three industry veterans to leadership and key underwriting roles through...
Massachusetts Hospital Lacked Workplace Violence Protections, OSHA Judge Finds
Apr 28 2023 // A federal administrative law judge has determined that the manager of Fuller Hospital in Attleboro, Massachusetts exposed employees to workplace violence without adequate protections in 2019, particularly at times when...
Embroker: Business Insurance Shoppers Concerned With Startup Leadership Post-SVB
Apr 25 2023 // Following the closure of Silicon Valley Bank (SVB), VC-backed startups were increasingly looking for stronger protection in case their assets were compromised — specifically liability policies covering company...
People Moves: Startup Intangic MGA Names Marsh’s Durkan as Commercial Dir.; Helvetia Taps Rupprecht From NN Group as CEO; BMS Hires Ardonagh’s Leather as UK, Int’l CFO
Apr 24 2023 // This edition of International People Moves details appointments at Intangic MGA, Helvetia Group and BMS. A summary of these new hires follows here. Startup Intangic MGA Names Marsh’s Durkan as Commercial...
California Commissioner and FAIR Plan Agree to up Commercial Coverage to $20M
Apr 17 2023 // California Insurance Commissioner Ricardo Lara and the California FAIR Plan Association agreed to more than double its existing commercial coverage limits to $20 million for businesses unable to find coverage in the normal...
Are Commercial Property Insurance Companies Dinosaurs?
Apr 17 2023 // The vast majority of commercial property, i.e., assets, are no longer physical. The majority of commercial assets are intangible. In fact, the overwhelming majority of assets owned by insurance agencies are intangible....
How Generative AI Could Steer Commercial Trucking Insurance in New Direction
Apr 17 2023 // Generative AI is the next big technology trend in just about every industry. But for such a people-centric industry, how will ChatGPT, DALL-E 2 and Bing AI truly impact the insurance sector? Just ask ChatGPT, as some...
Neurodivergence in the Workplace and Associated Employment-Related Considerations
Apr 14 2023 // Although coined in the late 1990s, the term “neurodivergent” has only recently risen to mainstream recognition, with some studies now claiming that up to one in five employees identify as neurodivergent. As...
Florida Commercial Insurer Capacity Insurance Now in Runoff, OIR Order Says
Apr 14 2023 // Less than a year after it announced it would stop writing new business in Florida, commercial carrier Capacity Insurance has been placed under administrative supervision and is now in an orderly runoff. The Florida Office...
The Importance of Timely, Accurate Data in Commercial Insurance
Apr 11 2023 // This post is part of a series sponsored by Insurance Quantified. Perspectives from an Insurance Executive David Daniels, EVP, Director of Product Development & Innovation at MiniCo Insurance Agency, a Jencap Company...
