Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
E-Business Coverage Risks Could Outweigh Rewards for Insurers
Apr 8 2002 // With only a small amount of insurers jumping into the e-business insurance marketplace, a recent Conning & Company study reports that businesses’ increased use of the Internet is making for a substantial growth...
American Re Appoints New Senior Management Team in Strategic Business Units
Mar 27 2002 // American Re-Insurance Company announced the appointment of a new senior management team to direct the five Strategic Business Units of its U.S. property casualty underwriting operations, as well as the appointment of chief...
Commercial Lines Modernization Model Adopted by NAIC
Mar 20 2002 // Insurers were pleased as the National Association of Insurance Commissioners (NAIC) adopted its Commercial Lines Rate and Form Model Act at its Executive Committee meeting during the Spring Meeting in Reno this week. The...
Conning & Co. Study Shows E-Business Coverage Risks Can Outweigh Rewards for Insurers
Mar 19 2002 // Businesses’ increased use of the Internet is making for a substantial growth opportunity for the emerging e-business insurance market, but e-business insurance may not be a good market for every insurer, according to...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
Web Enables Agents to Cut Processing Time for Small Business Accounts
Mar 11 2002 // When the prospect of selling insurance over the Internet first reared its head, one of the initial impressions it left was that it posed a threat to independent insurance agents and brokers. Futurists proclaimed a new...
Commercial Greenhouses
Mar 11 2002 // Nuts & Bolts: National Insurance Professionals Corp. of Poulsbo, Wash., is offering a program for commercial and wholesale greenhouses. Dollars: Minimum premium—$1,000 without auto, $2,500 with auto. Carrier: Royal...
The St. Paul Companies Launches New Tool for Small Commercial Products
Mar 6 2002 // The St. Paul Companies announced the launch of a new web-based tool to assist agents with obtaining single entry, real-time quotes for small commercial products. The tool was developed to be compatible with the quoting...
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...
