Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey
Oct 1 2019 // Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich...
Local Officials from Across U.S. Pressure McDonald’s on Workplace Harassment Policies
Sep 27 2019 // Scores of local government officials from 31 U.S. states pressured McDonald’s Corp.’s on Thursday to do a better job of protecting workers from groping, obscene comments and other forms of sexual harassment,...
Ohio Workers’ Comp Bureau Plans $1.5B in Employer Dividends
Sep 23 2019 // Ohio’s insurance fund for injured workers tells employers to watch their mailboxes as it prepares to send out dividend checks totaling around $1.5 billion. The Ohio Bureau of Workers’ Compensation says strong...
Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round
Sep 23 2019 // Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in...
Marsh’s Torrent Technologies Expands Private Flood Coverage for Small Businesses
Sep 20 2019 // Torrent Technologies, a Marsh company, has launched FloodPlus Commercial – a comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients. Underwritten by...
Nationwide’s Digital Storefront Targets Small Business Market
Sep 19 2019 // Nationwide said it has formally launched a commercial insurance digital storefront targeted to small businesses. Small business owners will be able to use the site online directly to generate a quote and bind a policy, or...
Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture
Sep 18 2019 // Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a...
Fairmatic Bets On Driver-Driven Premium Adjustments to Score in Commercial Auto
Sep 17 2019 // Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors. Fairmatic’s...
Berkshire Hathaway GUARD Expands Commercial Package Coverage Into New Jersey
Sep 17 2019 // Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey. This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of...
Willis Towers Watson, Sompo GRS Launch Middle Market Real Estate Platform
Sep 16 2019 // Willis Towers Watson has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment. The...
Oregon Employers Will Get $160 Million From SAIF
Sep 16 2019 // SAIF customers in Oregon will receive $160 million in dividends this year. The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million...
Gene Therapy Drugs That Cost Millions Have Employers and Health Plans Worried
Sep 13 2019 // Employers and health plans fear they could be swamped financially by a coming wave of expensive new genetic therapies for rare diseases. Regulators have recently approved two treatments that sell at many multiples of the...
Missouri’s POWERS Insurance Adds Winkelmann as Commercial Account Manager
Sep 12 2019 // St.Louis-based POWERS Insurance & Risk Management has hired Rachel Winkelmann as its newest commercial lines account manager. In this position, Winkelmann will be responsible for the ongoing management of commercial...
Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2
Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...
U.K. Insurer RSA Merges Commercial Risk Solutions, Global Risk Solutions Businesses
Sep 12 2019 // RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows another restructuring in...
Hawaii Employers Mutual Declares $3.5M Dividend for Workers’ Comp Policyholders
Sep 12 2019 // The board of Hawai`i Employers’ Mutual Insurance Company Inc. has declared a $3.5 million dividend payable to qualifying policyholders. HEMIC says that with this dividend it will have returned over $38 million...
Houston Business Insurance Agency Acquired by Florida’s AssuredPartners
Sep 5 2019 // Florida-based AssuredPartners Inc. has acquired Houston Business Insurance Agency located in Houston, Texas. The acquired agency’s team of five will remain under the operational leadership of Dominique...
Oregon Employers Will Get $160 Million From SAIF
Sep 5 2019 // SAIF customers in Oregon will receive $160 million in dividends this year. The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million...
Employers Moving into Hawaii with Its Workers’ Comp
Sep 4 2019 // Employers Inc. is now offering workers’ compensation insurance policies in Hawaii. The expansion has Employers providing workers’ comp to small businesses nationally, excluding four monopolistic...
Bender Insurance in California Names Beno Commercial Lines Claims Specialist
Sep 4 2019 // Bender Insurance Solutions in Sacramento, Calif., has named Rick J. Beno claims specialist in the commercial lines department. Beno has more than 30 years of experience in the management of claims. Bender Insurance...
