Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
CALIF. WORKPLACE FATALITIES DECLINE BY 8 PERCENT IN 2002:
Dec 1 2003 // The number of workplace fatalities in California declined by 8 percent in 2002 according to the Department of Industrial Relation’s (DIR) Division of Labor Statistics and Research. The number of workers who died on...
S&P Affirms ‘BBBpi’ Rating for Maine Employers Mutual Insurance Co.
Nov 26 2003 // Standard & Poor’s has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Maine Employers Mutual Insurance Co. The ratings reflect its extremely strong capitalization, strong...
Former N.J. Company Employee Ordered to Pay $4,000 to Employer
Nov 25 2003 // New Jersey Attorney General Peter Harvey announced that a former employee of a Hudson County insurance agency has been ordered to pay nearly $4,000 in restitution after reportedly admitting to concocting a scheme to issue...
E.L.M. Offers Liability ‘Suite’ For Small to Mid-Size Businesses
Nov 21 2003 // Los Angeles-based E.L.M. Insurance Brokers Inc., a specialist in professional liability, targets small to mid-size businesses with its “professional liability suite of products,” which includes liability...
CNA Names Small Business Unit Managers
Nov 20 2003 // Chicago-based commercial insurer CNA recently announced that Paul Nhem and Tom Gill will become partnering managers of its dedicated small business program unit. Nhem and Gill will partner with agencies to generate and...
Policy Options and Offerings are Major Issues for Mid-Size Manufacturers
Nov 17 2003 // Coverage options and product offerings, rather than price, are the most important factors for middle market manufacturers when they go looking for insurance to cover their businesses. At least that’s the conclusion...
Policy Options and Offerings are Major Issues for Mid-Size Manufacturers
Nov 17 2003 // Coverage options and product offerings, rather than price, are the most important factors for middle market manufacturers when they go looking for insurance to cover their businesses. At least that’s the conclusion...
Numbers of Fla. Workplace Fatalities Drops in 2002
Nov 14 2003 // According to a joint federal and state survey, Florida workplaces had 4 percent fewer fatal accidents in 2002 than the previous year. The Census of Fatal Occupational Injuries (CFOI), conducted annually by the Department...
ISO to Provide Kentucky Employers Mutual Insurance Data-Reporting Services for Workers’ Comp
Nov 12 2003 // Insurance Services Office, Inc. (ISO) has entered into an outsourcing agreement with Kentucky Employers Mutual Insurance (KEMI) to collect the insurer’s workers’ compensation data. ISO will collect KEMI’s...
Commercial Liability Coverage Available in N.Y., But Reportedly Costly, Particularly for Contractors
Nov 10 2003 // While more costly for many New York businesses, commercial liability insurance is widely available throughout New York State, according to the New York Insurance Association (NYIA). Addressing a hearing before the New York...
PIANY President to Testify at Hearings on Contractors’ Commercial Liability Coverage
Nov 7 2003 // Professional Insurance Agents of New York State Inc. President, T.J. Derella, CPIA, and president of Kingstar Co. of Kingston, N.Y. is scheduled to testify today on the need for the New York Property Insurance Underwriting...
Alliance: Ohio Top Court Gets It Right on Commercial Auto Cover
Nov 6 2003 // A decision by the Ohio Supreme Court to overturn its own previous ruling on commercial auto insurance coverage has finally corrected an injustice in the legal system, according to the Alliance of American Insurers. The...
Commercial Buyers Report Hard Market May Be Softening; Recent Jumps Subside in Q3
Nov 5 2003 // Commercial insurance buyers say the skyrocketing increases in costs of many insurance policies showed signs of stabilizing in the third quarter, according to the RIMS Benchmark Survey, an industry survey of market...
ACORD, MBA Release New Form: “Evidence of Commercial Property Insurance”
Nov 5 2003 // The Association for Cooperative Operations Research and Development (ACORD) and the Mortgage Bankers Association (MBA) have announced the finalization and release of ACORD Form 28, “Evidence of Commercial Property...
Calif. Workplace Fatalities Decline by 8% in 2002
Nov 3 2003 // The number of workplace fatalities in California declined by 8 percent in 2002 according to the Department of Industrial Relation’s (DIR) Division of Labor Statistics and Research. The number of workers who died on...
GE Commercial Sub Upgraded by Best
Nov 3 2003 // Overland Park, Kan.-based carrier GE Commercial Insurance announced that a subsidiary, First Specialty Insurance Corporation (FSIC), has been upgraded by A.M. Best from “A (VII)” to “A (XV).” FSIC...
Motor Truck Cargo & Commercial Auto Physical Damage
Nov 3 2003 // Nuts & Bolts: Cascade-Amstar has available a program for motor truck cargo and commercial auto physical damage. Appointed brokers have immediate access; others must call for an appointment. Market offers on hook...
Commercial Risk Re Downgraded
Nov 3 2003 // A.M. Best has downgraded the financial strength ratings to “B+” (very good) from “B++” (very good) of Commercial Risk Reinsurance Co. Ltd., based in Bermuda, and its U.S. subsidiary in Vermont,...
Poe Financial Group’s Commercial Division Hits $100 Million Mark
Oct 31 2003 // Florida-based Southern Family Insurance Company, a member of the Poe Financial Group, announced that as of Oct. 20, it reached the $100 million mark in annualized Commercial Property premium. The total combined annualized...
St. Paul Opens Colorado Springs Service Center For Small Business Accounts
Oct 31 2003 // As part of The St. Paul Companies’ continued expansion into the small business insurance marketplace, the company announced recently the opening of a Commercial Service Center for its small business customers and...
