Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
GAINSCO Drops Commercial Lines
Feb 25 2002 // Fort Worth, Texas-based nonstandard property and casualty insurer, GAINSCO Inc., said it plans to stop writing commercial lines of business due to unprofitable results and increasing claims. On a related note, GAINSCO...
Commercial Auto Agents: Between a Rock and a Hard Market
Feb 11 2002 // The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and...
Cell Phones and Commercial Auto Insurance: Leading by Example
Feb 11 2002 // If it seems like you’re seeing more drivers with phones stuck to their ears, it isn’t your imagination. There are more than 88 million cell phone users in this country —40,000 new subscribers every day—and...
Building Profitability into the Commercial Auto Market
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
Cell Phones and Commercial Auto Insurance: Leading by Example
Feb 11 2002 // If it seems like you’re seeing more drivers with phones stuck to their ears, it isn’t your imagination. There are more than 88 million cell phone users in this country —40,000 new subscribers every day—and...
NAII Urges Terrorism Exclusions for Personal, Commercial Lines
Jan 30 2002 // The National Association of Independent Insurers (NAII) is urging state insurance regulators to consider personal lines exclusions on a case-by-case basis for insurers that demonstrate the potential for solvency problems...
ISO Introduces New Capital Assets Program For Commercial Buildings
Jan 29 2002 // IInsurance Services Office, Inc. (ISO) has introduced the ISO Capital Assets Program – a manufacturers output type policy – that enables insurers to provide large and medium commercial accounts superior...
Skandia Named One of Europe’s 10 Greatest Workplaces
Jan 28 2002 // Fortune magazine has named Sweden’s Skandia as one of the one of the ten “greatest workplaces” in Europe, following a survey of journalists, securities analysts, business school professors, consultants...
Rising Prices Hit Commercial Property Market
Jan 28 2002 // Dire predictions have been floating around since September 11 regarding the availability and pricing of insurance coverage for commercial property, largely due to the issues surrounding terrorist exclusions and whopping...
Commercial Insurance Market Index Documents Signs of Market Distress
Jan 17 2002 // According to PR Newswire, the insurance industry is showing the first signs of distress following the Sept. 11 terrorist attacks, with major commercial property/casualty premiums uniformly on the upswing and confusion in...
Employers Mutual Casualty Co. to Use Visibillity’s Litigation Management Systems
Jan 16 2002 // Visibillity Inc. announced that Employers Mutual Casualty Company, a property and casualty insurer with headquarters in Des Moines, Iowa, signed a three year contract valued at more than $1 million dollars for...
DriveCam Video Systems Successfully Completes Study for Commercial Fleets
Jan 16 2002 // San Diego-based DriveCam Video Systems announced positive results from the completion of a 12-month intensive insurance study. Fleets in the study reduced physical damage from collisions by 35 to 99 percent by using the...
InsuranceNoodle to Provide MetLife P/C Agents with Small Commercial Solution
Jan 15 2002 // Chicago-based InsuranceNoodle has reached agreement with the MetLife General Insurance Agency Inc. to offer 600 of their property/casualty licensed career agents with the InsuranceNoodle web-based small commercial...
COMMERCIAL PROPERTY OWNERS FACE INCREASES
Jan 14 2002 // Commercial property owners throughout the nation can expect their insurance premiums to increase significantly in 2002 due to the impact of the Sept. 11 attacks on the insurance industry, according to Jenny Jones, CEO of...
AIG Global Trade and Political Risk Insurance Introduces Coverage for Middle Market Companies
Jan 11 2002 // AIG Global Trade and Political Risk Insurance Company, a member company of American International Group Inc. (AIG) has introduced a new political risk insurance coverage for small and mid-sized companies. AIG...
AIG Private Client Group Offers EPLI to Domestic Help Employers
Jan 8 2002 // American International Group Inc. (AIG) announced that AIG Private Client Group, a division of the American International Companies, is offering employment practices liability coverage to protect individuals against...
CGNU Nears Deal w/ Groupama on French Commercial Lines
Jan 7 2002 // As earlier reported (see IJ Website Dec. 27), CGNU is close to concluding a deal to sell its French commercial lines business, CGU Courtage, to French mutual insurer Groupama. The transaction highlights the restructuring...
Commercial Property Owners Face Large Insurance Premium Increases in 2002
Jan 4 2002 // Commercial property owners throughout the nation can expect their insurance premiums to make major leaps this year due to the repercussions of the Sept. 11 attacks rippling through the insurance industry, according to...
Property and Casualty Commercial Rate and Policy Form Model Law Approved
Dec 14 2001 // State insurance commissioners have advanced a model law to modernize commercial rate and form filings, with final approval possible in the spring. A working group of the National Association of Insurance Commissioners...
XL Not Exposed to Enron’s Commercial Paper
Dec 6 2001 // Bermuda’s XL Capital Ltd. announced that it does not have exposure to the asset-backed commercial paper program of Enron Funding Corp., a unit of the bankrupt energy giant. (See IJ Website, Dec.3). XL said that...
