Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
From Cyber to Lease Protection, Many Small Businesses and Agencies Are Woefully Unprepared
Mar 6 2023 // Lisa Parry Becker, vice president of an independent insurance agency in Langhorne, Pennsylvania, recounted a computer hacking incident a longtime client suffered recently. It sounds almost like a thriller novel, with a...
Iowa Bill Would Permit Firearms on Employer, School Property
Mar 3 2023 // Iowa lawmakers are considering legislation that would allow employees to carry firearms or ammunition onto employer’s property if the guns or ammunition are out of sight and locked in a vehicle. An employer, owner or...
People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
Mar 2 2023 // AXA XL Adds to U.S. Mid-Market Team AXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of...
Federal Court Denies Massachusetts Hospital’s Covid-19 Business Insurance Claim
Mar 1 2023 // A Massachusetts hospital has been denied its insurance claim for Covid-19 related costs and lost revenues under business interruption and disease contamination provisions of its property insurance policy. U.S. District...
Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB
Feb 24 2023 // “Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according...
A Pivot to People: Overcoming the Talent Crisis in Commercial P&C Underwriting
Feb 23 2023 // This post is part of a series sponsored by Insurance Quantified. Across the insurance landscape, commercial P&C firms are facing a host of challenges when it comes to underwriting talent. Rapid shifts in the makeup of...
People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO
Feb 23 2023 // Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty...
Viewpoint: Four Approaches to Expand Commercial P/C’s Market Relevance
Feb 22 2023 // Despite a range of disruptions, global commercial P/C insurance carriers have actually delivered good returns over the last few years—mostly thanks to higher premiums, which have risen 6 to 8 percent a year since 2018....
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 20 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage
Feb 16 2023 // Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage. This new coverage and service offering was introduced Feb. 8 in select states with additional...
Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting
Feb 9 2023 // Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA. Financial...
People Moves: Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty; Aon Promotes Alcott to UK Chief Commercial Officer; Miller Hires Keeping as Head of P/C
Feb 7 2023 // This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these new hires follows here. Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for...
What Ancient Roman Firefighting Can Teach Us About the State of Commercial Insurance Today
Feb 6 2023 // There are rare moments in one’s professional life when you can take what you were taught in childhood into present-day learning. I’m thinking back to my 8th-grade Ancient Roman history class, where I learned...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 3 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit
Feb 2 2023 // Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and L&H Re, while creating a new business unit called Global Clients and...
New Jersey Approves MGA Honeycomb to Sell Commercial Real Estate Policies
Feb 2 2023 // The New Jersey Department of Insurance has given Honeycomb Insurance approval to sell policies statewide. The technology-based managing general agent (MGA) serves the commercial real estate market and will offer insurance...
Report on Mass Shootings Urges Workplace Violence Prevention Plans
Jan 27 2023 // As the nation reels from a week of high-profile shootings, a new report on mass attacks calls for communities to intervene early when they see warning signs of violence, encourages businesses to consider workplace violence...
Sentry Teams Up With Motive For Commercial Trucking Telematics Program
Jan 25 2023 // Sentry Insurance, a leading provider of commercial trucking insurance, has announced a telematics program with Motive that will give customers up to 5% on their Sentry premiums for sharing their electronic logging device...
Ohio Dollar General Fined $395K for Hazardous Workplace Conditions
Jan 25 2023 // Following yet another inspection – this time at a West Lafayette, Ohio, Dollar General location – federal investigators found one of the nation’s largest discount retailers continues to shelve serious safety...
