Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Study: Employers Ignoring Workplace Violence
Jul 27 2004 // A recent follow-up survey by the American Society of Safety Engineers (ASSE) has found that many companies and organizations in all industries have yet to address the problem of workplace violence. The ASSE Risk...
AIG Small Business Launches WorldRisk TravelPak
Jul 26 2004 // AIG Small Business, a unit of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), introduced WorldRisk TravelPak(SM), a comprehensive package of international coverages designed for...
W. Va. WCC Files Suit Against Trio of Employers
Jul 23 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against three state employers whose accounts with the Commission are reportedly in default. Injunctions were filed in Kanawha County...
Survey: Market Index Shows Continued Softening for Commercial P/C Market
Jul 21 2004 // The commercial property/casualty insurance market showed signs of continued softening in the second quarter of 2004, with one-third of the small accounts and more than half the medium and large accounts experiencing...
Axis Introduces New Commercial Property Capabilities
Jul 21 2004 // Axis U.S. Insurance has announced that its excess and surplus (E&S) property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. Jeffrey Berkshire has joined Axis...
‘Middle Market’ Not Immune to Directors & Officers Worries
Jul 19 2004 // The Enron, Adelphia, Global Crossing and WorldCom corporate governance and fraud scandals of 2001 and 2002 may seem like a distant and terrible memory, but the public received some harsh reminders recently. Former Enron...
Fitch Revises Outlook on U.S. Commercial Lines Sector to Stable
Jul 19 2004 // Fitch Ratings has revised its rating outlook for the U.S. commercial lines insurance sector to stable from negative. Fitch had maintained a negative rating outlook on the sector since September 2000. The revised outlook...
S.C. Small Employer Health Benefits Fair July 21
Jul 16 2004 // South Carolina small employers in the Lowcountry will have the opportunity to learn more about employee health benefits and other health coverage initiatives Wednesday, July 21, from 11 a.m. to 6 p.m. at the Embassy Suites...
Kibble & Prentice Releases Findings of Annual Employer Survey
Jul 15 2004 // Seattle-based Kibble & Prentice recently announced the results of its annual employee benefits survey. With nearly 200 Washington state companies reporting, the results showed three clear trends: health care costs...
RIMS: Soft Market Takes Hold as Commercial Premiums Decline 15%
Jul 15 2004 // In the continuing march toward a soft market, most commercial insurance buyers renewed their policies at the same or lower premiums last quarter, according to a survey of corporate risk managers. Data from the survey shows...
Sacramento Broker Sentenced for Selling Small Business Phony Insurance
Jul 13 2004 // Suzanne Rita Beall was sentenced on July 12 to three years in state prison for grand theft, possession of forged documents with intent to defraud and embezzlement from an elder, at the Yolo County Superior Court in...
ACE Risk Management Introduces Corporate Risk Solutions for Mid-Sized Companies
Jul 13 2004 // Ace Risk Management, a unit of ACE USA, announced an expansion of its product offerings targeted toward mid-sized companies in the casualty risk financing marketplace through the establishment of specialized teams in each...
A.M. Best: Study Sees Improvement in Canadian Commercial Property Industry
Jul 12 2004 // Commercial property writers in Canada saw better underwriting results for the second consecutive year in 2003, as the line’s net loss ratio decreased about 12.3 points to 49.5 from 61.8 in 2002, according to a study...
Ohio BWC Releases List of Non-Compliant Employers
Jul 9 2004 // In an effort to bring attention to employers that are not paying their workers’ compensation premiums, the Ohio Bureau of Workers’ Compensation (BWC) has released the names of the top 150 Ohio businesses with...
Commercial Auto/Truck Physical Damage
Jul 5 2004 // Nuts & Bolts: Safety Net Insurance Marketing Corporation is offering a new commercial auto/truck physical damage and high value, substandard private passenger physical damage program. Dollars: Up to $1 million...
General Contractors Commercial and Apartments
Jul 5 2004 // Nuts & Bolts: Anderson & Murison Inc. has a program for general contractors doing commercial and apartments. No dwelling or condos. Blanket additional insured. Per project aggregate. Waiver of subrogation. This...
Pa.’s Commercial National Sells Insurance Agency
Jul 1 2004 // Commercial National Financial Corporation (Nasdaq: CNAF) in Latrobe, Pa., has successfully completed its previously announced sale of the insurance agency assets relating to the Gooder Agency, Inc. The board of...
One of Oregon’s Largest Employers Selects SAIF as Work Comp Carrier
Jul 1 2004 // SAIF Corporation, Oregon’s non-profit workers’ compensation insurance company, announced its newest policyholder, Bear Creek Corporation, Southern Oregon’s largest employer. SAIF will provide...
ClearComp Delivers Evidence-Based Savings for Calif. Employers
Jun 30 2004 // Woodland Hills, Calif.-based ClearComp and Virginia-based e-Triage recently announced an innovative solution that will reportedly reduce workers’ compensation costs. The new service, Claim Navigator, promises to...
Fla. Unveils 2002 Workplace Injuries and Illnesses
Jun 29 2004 // More than 245,000 injuries and illnesses were reported by Florida employers in 2002, according to a joint federal and state survey released this month. In Florida, more than 10,000 employers participated in the joint...
