Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
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...
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...
