Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Penn. High Court Rules Employer Has Duty to Safeguard Employees’ Personal Info
Dec 10 2018 // The Pennsylvania Supreme Court has ruled that an employer has a legal duty to use reasonable care in safeguarding its employees’ sensitive personal information stored on an internet-accessible computer. This vacates...
Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017
Dec 10 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices...
Gallagher Acquires UK Commercial Broker Pavey Group
Dec 7 2018 // Global insurance broker Gallagher has acquired commercial insurance broker Pavey Group Holdings in the southwest UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey Group was...
Senators Seek Ban on ‘Confessions’ Tactic Used by Predatory Small Business Lenders
Dec 7 2018 // Two U.S. senators are seeking to outlaw a legal tactic that predatory lenders have frequently used to seize money from small businesses. Senators Sherrod Brown, the top Democrat on the Senate Banking Committee, and Marco...
Small Business Insurtech CoverWallet Expands to Offer Its Tech, Markets Access to Agents
Dec 4 2018 // CoverWallet, a technology company that has been on a mission to “reinvent insurance for small business” customers, is now offering its platform for insurance agencies, the company revealed today. With 16...
Progressive to Offer Online Cyber Marketplace to Small Business Owners
Dec 3 2018 // Progressive Insurance will offer small business owners the ability to compare, quote and buy cyber insurance online, alongside other small business coverages, through CyberPolicy, an online cyber insurance marketplace...
J.M. Wilson Adds Henard as Commercial Bond Underwriter in Indiana
Nov 29 2018 // Managing general agency and surplus lines broker J.M. Wilson has hired Aimee Henard as a commercial bond underwriter in its Carmel, Indiana, office. Henard is responsible for underwriting new and renewal commercial and...
5 Quick Questions Before I Read a Commercial Policy
Nov 28 2018 // It’s that time of year at the Academy. I’m pouring over spreadsheets and schedules. I’m emailing instructors and planning classes. Yeah. I’m trying to look ahead and work ahead, all while looking at...
Insurtech MGA Corvus Raises $10 Million to Expand Commercial Lines Business
Nov 27 2018 // Corvus Insurance has secured $10 million in new venture financing that the Boston-based insurtech managing general agency plans to use to jump into additional lines of commercial insurance. Two firms led the...
Employers Mutual Looks to Acquire Outstanding Stock of EMC Group
Nov 26 2018 // Employers Mutual Casualty Co. has proposed to purchase all the outstanding common stock of its affiliate EMC Insurance Group Inc. As the parent company, Employers Mutual Casualty currently owns approximately 55 percent of...
Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife
Nov 21 2018 // When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to...
Minnesota Workplace Injury Rate Fell to an All-Time Low in 2017
Nov 20 2018 // Minnesota’s Department of Labor and Industry (DLI) in early November reported that the state’s estimated workplace injury and illness rate for 2017 is the lowest rate since the measurement started in...
Lowell Joins The Hartford to Head Small Business Innovation Lab
Nov 20 2018 // The Hartford has appointed Christopher Lowell to lead its Small Business Innovation Lab, which will design and test new products and business models to meet the needs of The Hartford’s small business...
Liberty Mutual Restructures Distribution for Commercial & Specialty Products
Nov 16 2018 // Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly, president Global Risk...
UK’s RSA Plans to Exit Three London-Based Global Business Lines
Nov 14 2018 // RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning. Closing...
Atlas General Insurance Recognized as a Top Workplace by San Diego Union Tribune
Nov 14 2018 // San Diego, CA, November 14, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, has for the third time been named as one of the Top Workplaces in San Diego by...
Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?
Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...
QBE Ventures, Zeguro Partner on ‘Cybersecurity Officer’ Small Business Platform
Nov 8 2018 // A new partnership between QBE Insurance Group and cybersecurity management company Zeguro offers small and medium-sized business customers access to a virtual ‘Cybersecurity Officer’ to protect against their...
New Alabama State Park Buildings Utilize IBHS Commercial Resiliency Standards
Nov 8 2018 // The Alabama Department of Conservation and Natural Resources has utilized construction standards from the Insurance Institute for Business & Home Safety’s (IBHS) FORTIFIED Commercial in the creation of new...
Leavitt Group of Boise Names Kahn Commercial Risk Advisor
Nov 7 2018 // Leavitt Group of Boise in Idaho has named Jeremy Kahn a commercial risk advisor. Kahn has eight years of industry experience working with financial institutions, law firms, media and publishing, commercial development,...
