Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market
Aug 25 2020 // San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the...
Commercial Insurance Prices Up 19% in Q2: Marsh Index
Aug 24 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen. Average price increases were driven principally by increases in property insurance...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
One80 Launches Transportation Threat Protect Program for Commercial Auto Operations
Aug 21 2020 // One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has launched the Transportation Threat Protect (TTP) program. TTP was designed to protect commercial drivers...
Morse Insurance Agency Adds Polutchko as Commercial Lines Sales Account Executive
Aug 21 2020 // Morse Insurance Agency Inc. has added industry veteran David Polutchko as its newest commercial lines sales account executive. Polutchko brings more than 22 years of insurance experience to the local independent agency. In...
Sompo Global Risk, Marsh & McLennan Launch Commercial Real Estate Market Product
Aug 18 2020 // Marsh & McLennan Agency LLC (MMA) and Sompo Global Risk Solutions (GRS) have launched a new customizable insurance product designed to help commercial real estate owners control costs, streamline policy administration...
Nevada Governor Signs Business Liability And Worker Protection Bill
Aug 14 2020 // Nevada Gov. Steve Sisolak has signed legislation expanding workplace safety protections for hotel and casino employees and shielding businesses that follow health directives from coronavirus-related...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
InterWest Insurance Services Adds Aflac’s Brubaker as Commercial Broker in California
Aug 14 2020 // InterWest Insurance Services has named Melanie Brubaker a commercial insurance broker in the Chico, Calif., office. She has more than 17 years of sales experience. She was previously a benefits advisor with Aflac. She...
Average Commercial Insurance Prices Rose 19% in Q2: Marsh Index
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen. Average price increases were driven principally by increases in property insurance...
Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market Index released by broker and risk adviser Marsh. The increase, the largest since the...
Without More Aid, Many Small Businesses Won’t Make It
Jul 30 2020 // OAKLAND, Calif./NEW YORK — After surviving two strokes at age 27, Olivia Colt threw herself into starting a catering business, a lifelong dream. Ten years and another stroke later, she had built Salt & Honey Catering...
Washington Extends Relief for Employers Struggling to Pay Workers’ Comp
Jul 29 2020 // The Washington State Department of Labor & Industries is again extending the deadline for employers that are finding it difficult to pay their workers’ compensation premiums during the COVID-19 outbreak. Under...
Grant Program Now Open for Louisiana Small Businesses Harmed by Virus
Jul 29 2020 // Louisiana small businesses that have been hammered by the coronavirus outbreak and haven’t received federal aid can start applying for grants up to $15,000 to cover pandemic-related expenses, under a program created...
Concern Over Small Businesses Grows as Coronavirus Resurges, Federal Aid Expires
Jul 27 2020 // The number of outright failures of U.S. small businesses in the first months of the coronavirus pandemic was comparatively modest, but the months ahead look far grimmer as cash balances dwindle, federal help expires, and...
Crest in Arizona Names McGee Vice President/Producer in Commercial Lines
Jul 24 2020 // Crest Insurance Group of Tucson, Ariz., has named Mike McGee a vice president/producer in the commercial lines division. McGee has a background in risk management. He has worked as a Hotshot & Helitack Firefighter and...
Specialty Broker Offers Business Insurance Coverage for Pandemic, Epidemic Risks
Jul 23 2020 // A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies for commercial risks arising from pandemics and epidemics. The policy,...
Cyber Insurance Agency Coalition Now Offers Excess Coverage for Middle Market
Jul 22 2020 // With new surplus lines capacity backed by Lloyd’s, cyber insurance and security company Coalition is moving beyond offering primary insurance coverage and entering the excess cyber insurance market. The San...
Liberty Mutual Loses Bid to Charge Employer for Claims Paid from Exempt Workers
Jul 22 2020 // A workers’ compensation insurer cannot charge an employer an extra $1.7 million in premiums for the risk presented by employees who were exempt from coverage under Iowa’s workers’ compensation law, a...
Workers Turn Into Sleuths to Track Sicknesses Where Employers Keep Covid Data Secret
Jul 22 2020 // Jana Jumpp spends eight hours a day updating a spreadsheet — not for work, but a recent hobby: figuring out how many of Amazon’s 400,000 warehouse workers have fallen sick with the coronavirus. Amazon won’t...
