Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
XL Launches Commercial Property Insurance Initiative
Jun 28 2004 // XL Capital Ltd. announced that its insurance operations will provide commercial property insurance capacity of up to $500 million, allowing it to underwrite entire global property programs on a selective basis. XL’s...
HSC: Home Injuries Cost U.S. Employers $38 Billion Annually
Jun 24 2004 // According to the State of Home Safety in America report (2004), a new study released by the Home Safety Council, employers are spending an average of $280 per employee equating to $38 billion a year for injuries suffered...
W. Va. WCC Files Suit Against Employers
Jun 22 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against two state employers whose accounts with the Commission are reportedly in default. Injunctions were filed in Kanawha County...
Commercial Liability With Excess Limits
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...
Commercial Liability with Excess Limits
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Survey: Lack of Terror Coverage Would Hurt Commercial Mortgage Market
Jun 21 2004 // A new survey indicates that only 20 percent of commercial real estate portfolios would retain terrorism coverage if the requirement that insurers make it available is lifted, down from 83.5 percent. The survey by mortgage...
Commercial Liability With Excess Limits
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Best Affirms Employers Re, Westport ‘A’ Ratings; Lowers Medical Protective; Revises Outlook to Stable
Jun 16 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Employers Re Corp Group and Westport Insurance Corporation of Jefferson City, Mo. The bulletin noted that the...
New R.I. Law Allows Terrorism Exclusion for Certain Commercial Risks
Jun 14 2004 // A new Rhode Island law allows for a terrorism exclusion from the Standard Fire Policy (SFP) for certain commercial risks. The new law, which became effective last week, amends the state’s Special Commercial Risk...
S&P Reports on P/C Commercial Lines Insurers; Raises Outlook to Stable
Jun 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the U.S. commercial-lines insurance industry to stable from negative “based on the delicate balance now in play between the...
Mass. Lawmakers Approve Commercial Deregulation
Jun 11 2004 // The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks. The measure permits commercial accounts with more than $30,000 in premium that...
W. Va. WCC Files Suit for More Than $250,000 Against Eight State Employers
Jun 9 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against eight state employers whose accounts with the Commission are reportedly in default. Injunctions were filed in Kanawha County...
Survey: Lack of Terror Coverage Would Hurt Commercial Mortgage Market
Jun 8 2004 // A new survey indicates that only 20 percent of commercial real estate portfolios would retain terrorism coverage if the requirement that insurers make it available is lifted, down from 83.5 percent. The survey by mortgage...
Fireman’s Fund Names Bhojwani President of Commercial Business Segment
Jun 8 2004 // Gary C. Bhojwani has been named president of Commercial Business for Fireman’s Fund Insurance Company. He was previously president of Lincoln General Insurance Company, a subsidiary of Kingsway Financial...
Commercial File and Use Bill Advances in Louisiana
Jun 8 2004 // Continuing a trend to loosen regulation on insurance companies, a Louisiana state Senate committee advanced House Bill 1514, which allows business insurance providers to bypass Louisiana’s Insurance Rating Commission...
Employers Direct Lowers Workers’ Comp Rates Again
Jun 8 2004 // Employers Direct Insurance Company (EDIC) announced another round of workers’ compensation rate reductions for California employers, bringing the total decrease to 20.9 percent from a year ago. The latest rate...
Health Savings Accounts: A New Option for Employers and Consumers
Jun 7 2004 // Florida, like other states, is working to make sure our residents have access to health care insurance. The recent Medicare reforms passed by Congress gave states an important new option: tax-free savings accounts to pay...
Commercial Liability With Excess Limits
Jun 7 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...
Big Problems for Small Business
Jun 7 2004 // Health insurance, liability insurance and workers’ compensation are the top three problems facing America’s small business owners, at least that’s what a study from the National Federation of Independent...
Some 1,800 Kansas Small Businesses Surveyed About Health Insurance
Jun 3 2004 // About 1,800 small business employers across Kansas recently received a survey in the mail that could help policymakers find ways to make health insurance more accessible and affordable, according to a statement released by...
