Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
3 States Could Lose Their Workplace Safety Authority for Refusing COVID Rules
Oct 21 2021 // The Biden administration threatened Tuesday to revoke the authority for three Republican-controlled states to handle their own workplace safety enforcement because they have refused to adopt rules to protect health care...
Unvaccinated Employees Risk Job Losses as Employer Mandates Take Effect
Oct 20 2021 // Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against COVID-19. In the...
Illinois Construction Contractor Cited for Workplace Hazards; Fined $229.7K
Oct 15 2021 // For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers at risk of serious injury or death by defying federal requirements to ensure the use...
UK Commercial Fleet Insurance MGA Humn Raises $13.7 Million
Oct 14 2021 // Humn, a UK-based insurtech MGA focused on data-driven commercial fleet insurance, has raised $13.7 million in new financing. The money will fuel, in part, further development of its technology and a European expansion. BXR...
Texas Governor’s Vaccine Mandate Ban ‘Puts a Big Burden on Employers’
Oct 13 2021 // Companies doing business in Texas now face new and complicated challenges after Gov. Greg Abbott this week banned COVID-19 vaccine mandates for all entities in the state — including private businesses — for employees...
Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses
Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...
Coalition Acquires Digital Commercial Agency Attune
Oct 6 2021 // Coalition, a San Francisco-based cyber insurance and security company, has acquired Attune, a digital agency with a platform focused on commercial insurance. With the acquisition, Coalition maintains it will be the...
People Moves: Marsh Names Bruce as CEO, Marsh Commercial, Succeeding Gruppo
Oct 6 2021 // Marsh, the world’s leading insurance broker and risk adviser, announced the appointment of David Bruce as CEO, Marsh Commercial. Subject to regulatory approval, Bruce is expected to take up the position on Jan. 1,...
Jury Orders Tesla to Pay $130M to Former Worker Over Racially Hostile Workplace
Oct 5 2021 // A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black former worker, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported. The jury...
Beyond the Headlines: Workplace Violence and Workers’ Compensation Claims
Oct 4 2021 // Whenever a legal dispute arises as to insurance coverage, the court will evaluate policy language to determine if a specific cause of loss constitutes a covered event under the terms of that policy. When workers’...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey
Oct 4 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...
People Moves: Risk Strategies Names Schmidt West Commercial Lines Leader; Lockton Names McGrath VP in California
Oct 1 2021 // Risk Strategies named Jim Schmidt as commercial lines leader for the West region. Schmidt will be responsible for building a regional strategy for the commercial property/ casualty business unit. Schmidt has more than 25...
AXA XL Insurance and NIP Group Announce Strategic Partnership and Launching of a New Monoline Commercial Excess Liability Program
Sep 28 2021 // Program provides additional protection over scheduled coverages Woodbridge, N.J., September 28, 2021 – NIP Group (www.NIPGroup.com), a market leader in insurance program administration, is proud to announce the addition...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey
Sep 27 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...
HSB Canada Introduces Cyber Coverage for Small Businesses
Sep 22 2021 // HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity...
Union Sues to Overturn Trump-Era Rule that Narrowed Definition of ‘Joint Employer’
Sep 21 2021 // The union behind the “Fight for $15” movement is suing to overturn a Trump-era rule that makes it harder to hold companies like McDonald’s Corp. and Amazon.com Inc. accountable for violations of...
Cover Whale Partners With E&S Insurer Everspan to Offer Commercial Trucking
Sep 20 2021 // Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance...
Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada
Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital...
Commercial Auto Insurance Profitability Still Way Down the Road: S&P
Sep 20 2021 // U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings...
Alera Acquires The Brokerage Commercial Insurance Services in California
Sep 17 2021 // Alera Group acquired The Brokerage Commercial Insurance Services Inc. in in Newport Beach, Calif. The Brokerage Commercial Insurance Services employees will continue serving clients in their existing roles. Terms of the...
