Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Connecticut Woman Pleads Guilty to Stealing $370K from Former Employer
Oct 28 2019 // A Connecticut woman has pleaded guilty to embezzling about $370,000 from her former employer. Federal prosecutors say 36-year-old Lydia Cabrera, of Southington, pleaded guilty to bank fraud. Authorities say Cabrera was a...
EverQuote Hires Shankaran as Executive Vice President of Commercial Insurance
Oct 25 2019 // EverQuote Inc., a Cambridge, Mass.-based, online insurance marketplace in the U.S., has hired Shivi Shankaran as executive vice president of Commercial Insurance and Special Projects. Shankaran previously spent nearly 15...
Profit Lessons in Commercial Auto, Workers Comp and Other Business
Oct 25 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy...
Employers Taking Proactive Health Steps to Prevent Costly Employee Injuries
Oct 24 2019 // A job does not have to be physically demanding to literally be a pain in the neck, or knee, or lower back. Musculoskeletal conditions are among the top expenses for employee healthcare benefits, accounting for about a...
Ohio Roofing Contractor Faces $247.5K in Fines for Workplace Fall Hazards
Oct 23 2019 // A roofing contractor in Martin, Ohio, has been cited for willful, repeated and serious violations of federal workplace safety standards and faces penalties of totaling $247,544. The U.S. Department of Labor’s...
Travelers Q3 Profit Falls on Asbestos, Commercial Liability and Auto Claims
Oct 22 2019 // The Travelers Companies reported net income of $396 million for the third quarter compared to $709 million in the prior year quarter. Core income in the current quarter was $378 million compared to $687 million in the...
Philadelphia Bookkeeper Sentenced for Embezzling Nearly $1.6M from Employer
Oct 21 2019 // A Philadelphia bookkeeper who embezzled nearly $1.6 million from his New Jersey employer over a 10-year period has been sentenced to more than eight years in federal prison. Peter Goodchild must also pay restitution under...
Group Warns Congress Legalized Cannabis Is Workplace Risk
Oct 21 2019 // A group of occupational medicine doctors is warning that legalization of marijuana has “huge” public and workplace health and safety implications that Congress should consider when dealing with the issue. The...
How Risk Management is Transforming Risk in Commercial Property
Oct 21 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...
Venture Insurance Programs Creates Small Business Online Platform
Oct 18 2019 // Venture Insurance Programs, a national insurance program administrator, has unveiled Venture Small Business – a new business unit designed to simplify how agents and brokers quote and bind business for more than 150...
Occupational Medical Group Warns Congress Legalized Cannabis Is Workplace Risk
Oct 15 2019 // A group of occupational medicine doctors is warning that legalization of marijuana has “huge” public and workplace health and safety implications that Congress should consider when dealing with the issue. The...
Ohio Foundry Facing $270K in Penalties for Serious Workplace Health Violations
Oct 10 2019 // Federal officials have cited an Ohio foundry with three repeated and 18 serious health violations for exposing employees to crystalline silica above the permissible exposure levels. As a result, Liberty Casting Company in...
Restoration Firm Cited for Workplace Safety Violations at Missouri Capitol
Oct 8 2019 // The contractor overseeing stone restoration on the Missouri state Capitol plans to appeal federal fines for workplace safety violations. The Occupational Safety and Health Administration recommended a total of $19,890 in...
Munich Re Backs Small Business Insurtech Next Insurance with $250 Million
Oct 7 2019 // Insurtech Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its small business insurance...
A Growing Agency With a Small Business Feel
Oct 7 2019 // Florida-based Acentria Insurance has been busy since its founding by industry veteran Kendall McEachern in 2010. The personal and commercial lines agency has acquired several agencies and now has 50 locations and more than...
Local Officials from Across U.S. Pressure McDonald’s on Workplace Harassment Policies
Oct 7 2019 // Scores of local government officials from 31 U.S. states pressured McDonald’s Corp.’s in late September to do a better job of protecting workers from groping, obscene comments and other forms of sexual...
Generali Weighs at Least $3.3B in Mid-Sized Insurance, Asset Management M&A
Oct 3 2019 // Assicurazioni Generali SpA, Italy’s biggest insurer, may invest at least 3 billion euros ($3.3 billion) to grow through mid-size acquisitions in insurance and asset management, according to Chief Executive Officer...
Workplace Quality, Not One Factor, Determines Worker Health, Job Safety: Study
Oct 3 2019 // The terms and conditions of employment — including pay, hours, schedule flexibility and job security — influence employees’ overall health as well as their risk of being injured on the job, according to new...
HSB to Offer Leak, Freeze Damage Sensor for Small Businesses
Oct 3 2019 // HSB, part of Munich Re, has introduced a cellular IoT sensor product designed to help smaller businesses and organizations prevent property damage. The device leverages IoT-specific cellular networks and connects to the...
Growth Frenzy Around Middle-Market CLOs Expected to Continue
Oct 2 2019 // It’s a marriage between two of Wall Street’s hottest products. Collateralized loan obligations — typically chock-full of broadly-syndicated debt — are increasingly being stuffed with private loans...
