Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
California Will Provide $500M in Virus Aid for Small Businesses
Dec 2 2020 // California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions, Gov. Gavin Newsom announced Monday. The tax measures include a three-month...
Crest Insurance in Arizona Adds Sunbelt’s Bouve as Commercial Broker
Nov 25 2020 // Crest Insurance Group LLC of Scottsdale, Ariz., has added Taylor Bouve as a commercial broker. Bouve has more than six years of experience in insurance. He was previously an account executive at Sunbelt Insurance Holdings...
Louisiana Virus Aid Funds Run Low with Small Business, Local Requests Unmet
Nov 24 2020 // Louisiana will run out of federal coronavirus money before it pays out grants to all eligible small businesses and local government agencies seeking dollars from COVID-19 aid programs created by Gov. John Bel Edwards and...
Chief Actuary Antonello to Be Next CEO of Employers Holdings
Nov 20 2020 // Small business workers’ compensation insurance specialist Employers Holdings Inc. has named Katherine H. Antonello as its president and chief executive officer. She will take over upon the retirement of Douglas D....
HSB Canada Launches ‘Sensor Systems by HSB’ to Help Cut Commercial Water Claims
Nov 19 2020 // HSB Canada, part of Munich Re, has introduced “Sensor Systems by HSB,” a turnkey solution to help insureds reduce common property claims. The program monitors, predicts and alerts customers to risk events...
Risk Placement Services Launches Online Commercial Crime Product
Nov 16 2020 // E&S wholesale broker and managing general agency Risk Placement Services has launched a commercial crime insurance product to cover losses resulting from fraud committed by internal and external parties. Available to...
Texas Automobile Insurance Plan’s 4.8% Commercial Auto Rate Hike Approved
Nov 16 2020 // The Texas Department of Insurance (TDI) has approved the request by the Texas Automobile Insurance Plan Association (TAIPA) for a 4.8% increase in commercial auto rates, with an effective date of March 1, 2021. TAIPA...
COVID-19 and Workers’ Comp a Moving Target, But Some Certainties Exist for Employers
Nov 16 2020 // This year could be the most controversial rate recommendation in the 107-year history of the California workers’ compensation system. Why? Because we are dealing with a virus we’ve never experienced before. The...
Sexual Harassment in the Workplace
Nov 16 2020 // More than seven in 10 people who experienced workplace sex harassment faced some form of retaliation — including termination, being sued for defamation and denial of promotions, according to a recent report. More...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
Nov 16 2020 // Global commercial insurance pricing rocketed 20% higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the largest...
Markets/Coverages: Slice Labs, AXIS Insurance to Offer Home Based Business Coverage
Nov 13 2020 // Slice Labs Inc. and AXIS Insurance have partnered to distribute AXIS Home Based Business insurance, an on-demand digital commercial insurance product designed for home businesses not covered by traditional homeowners...
Employers Facing Wave of Lawsuits by Parents Fired During Pandemic
Nov 12 2020 // Parents who’ve lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since March, working...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
Nov 6 2020 // Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the...
Cincinnati Global Picks Hernandez, Seakens to Lead 2 New Business Lines
Nov 5 2020 // Cincinnati Financial Corp.’s London-based global specialty underwriting subsidiary, Cincinnati Global Underwriting Ltd., will begin writing two new lines of business: contingency and specie. Contingency insurance...
Ohio to Return $5B From Injured Workers Fund to Employers
Oct 30 2020 // Ohio employers will receive a record $5 billion in repayments from the state insurance fund for injured workers to help with the financial impact of the coronavirus pandemic, Gov. Mike DeWine and the fund’s...
The Coronavirus Pandemic and The Great Workplace Debate: Viewpoint
Oct 30 2020 // Decisions on where and how to work are embodied in trillions of dollars of investment worldwide, including the siting of commercial and residential real estate as well as transportation systems and other...
ISO Business Auto Form and Endorsement Revisions
Oct 23 2020 // Effective November 1, 2020, Insurance Services Office (ISO) is introducing 19 new endorsements for its business auto program. Many of these changes are the result of requests from IIABA’s Technical Affairs...
California Electrician Sentenced for Defrauding Workers’ Comp Providers, Employers
Oct 22 2020 // Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal probation after pleading no contest to two felony counts of insurance fraud after illegally working for...
As Employees Have Stressed Out During Pandemic, Many Employers Have Stepped Up
Oct 21 2020 // The coronavirus pandemic has put millions of Americans out of work. But many of those still working are fearful, distressed and stretched thin. A quarter of U.S. workers say they have even considered quitting their jobs as...
The Main Street America Group Rebrands, Expands Commercial Offering
Oct 21 2020 // The Main Street America Group, a U.S. provider of property/casualty insurance through independent agents, has unveiled a new name and brand – Main Street America Insurance. The brand was announced in conjunction with...
