Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Pennsylvania’s NSM to Sell Commercial Insurance Division to Investment Firm
Feb 25 2025 // New Mountain Capital, an investment firm, has agreed to buy the commercial insurance division of Pennsylvania-based NSM Insurance Group. The firms said in a news release that the deal is expected to close in the next 45...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh
Feb 24 2025 // Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024—marking the second consecutive quarterly decrease after seven years of rising rates, according to the Global...
People Moves: Alliant Hires Leadley, Pelletiere and Rhatigano as Commercial Surety VPs
Feb 21 2025 // Jeff Leadley Alliant Insurance Services, headquartered in Irvine, California, hired Jeff Leadley, Glenn Pelletiere and Tom Rhatigan as senior vice presidents in Alliant Specialty, within the company’s national...
People Moves: Chesapeake Employers’ Insurance Names Swartz Chief Growth Officer
Feb 21 2025 // Jodi M. Swartz Chesapeake Employers’ Insurance Company, headquartered in Towson, Maryland, named Jodi M. Swartz as the company’s senior vice president and chief growth officer. Swartz has more than 20 years of...
People Moves: Allianz Commercial Names Martin as Chief Risk & Resilience Officer; AXA XL Promotes Dores to Country Manager, Iberia
Feb 20 2025 // This edition of International People Moves details appointments at Allianz Commercial and AXA XL. A summary of these new hires follows here. Allianz Commercial Names Martin as Chief Risk & Resilience Officer Allianz...
CIAB: Commercial Premiums Rise 5.4% Overall in Q4 2024
Feb 20 2025 // 2024 ended as steady as ever – with “no real change in current market conditions” – as respondents of a recent survey reported most lines of business in the last quarter had average increases in premiums...
EEOC Says It’s Going After ‘Anti-American Bias’ in the Workplace
Feb 20 2025 // The U.S. Equal Employment Opportunity Commission said it will enforce antidiscrimination laws against employers that “illegally prefer non-American workers.” In a Feb. 19 announcement EEOC’s Andrea Lucas,...
People Moves: Encova Insurance Appoints Two Commercial Lines Leaders
Feb 18 2025 // Dawn Colavecchi Encova Insurance, headquartered in Columbus, Ohio, appointed Dawn Colavecchi as commercial lines regional vice president, and Todd Becker as vice president, commercial underwriting office, workers’...
Renewal Rates Up YOY for All Commercial Lines Except Workers Comp: Ivans
Feb 14 2025 // Premium renewal rates increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the Ivans Index. Month over month, commercial auto, business...
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California
Feb 12 2025 // Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business. The target class...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh
Feb 5 2025 // Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global...
Weinstein Wants Mangrove to Be Big Player in Florida, Focused on Mid-Market
Feb 5 2025 // Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with Renaissance Re as chief legal officer and executive vice president. He is now turning that experience to Mangrove Property Insurance, a...
Killed Florida TV Reporter’s Parents Sue His Employer, Charter Communications
Jan 31 2025 // ORLANDO, Fla. (AP) — The parents of a local TV journalist who was fatally shot while reporting on a killing in central Florida in 2023 have filed a negligence lawsuit against their son’s former employer, claiming...
As Small Businesses Try to Recover from LA Fire Devastation, A Variety of Aid Exists
Jan 30 2025 // The fires in California have been devastating for many small business owners and others who saw their homes, businesses or livelihoods go up in smoke. Raquel “Rockey” Smeir startedMy Friends Café in Sierra...
Commercial Lines Insurance: Understanding Coverage Essentials for Businesses
Jan 30 2025 // This post is part of a series sponsored by Darkhorse Insurance. Securing the longevity and prosperity of your business involves more than just daily operations; it requires a robust safety net in the form of commercial...
Generali Global Corporate & Commercial Enters Launches Business Unit in India
Jan 27 2025 // Generali Group has launched a new business unit – Global Corporate & Commercial (GC&C) India – within its joint-venture company Future Generali India Insurance. The moves further strengthens Generali’s...
Commercial Property Market Stabilizing, With Ample Capacity: USI
Jan 27 2025 // The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025...
People Moves: Allianz Commercial Names Region Heads of Property, Financial Lines; New Leadership Roles at Resilience
Jan 22 2025 // Allianz Commercial Makes North American Leadership Promotions in Financial Lines and Property Allianz Commercial, headquartered in New York City, made two promotions to its North American leadership in financial lines and...
Rainbow Gets $8M Series A Funding to Expand Small Business Offerings
Jan 21 2025 // Rainbow, a digitally enabled managing general underwriter based in San Francisco, California, announced raising $8 million in Series A funding led by Zigg Capital. The MGU says the financing, which closed in the fourth...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz
Jan 15 2025 // Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware attacks, data breaches and IT...
