Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Fitch Sees Small Profit But Still Negative on U.S. Commercial Lines Outlook
May 18 2018 // After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe losses return to more historical norms, Fitch Ratings said in a new report. Still, Fitch is...
Global Commercial Insurance Prices Rose in Q1: Marsh
May 18 2018 // Following four-and-a-half years of price decreases, global commercial insurance prices rose, on average, for the second consecutive quarter. This was largely driven by property insurance pricing, which continued to be...
Commercial Auto Insurers Catching Up with Telematics
May 17 2018 // Though adopted early by personal lines insurers, telematics technology is just coming into its own in the commercial auto space. Powered by InsuranceJournal.tv According to Zach Schmiesing, director, Commercial Lines,...
Texas Calls for 2017 Commercial Property, Businessowners Premium Data
May 15 2018 // The Texas Department of Insurance has issued a special data call to companies writing direct commercial property or businessowners insurance in Texas catastrophe areas during calendar year 2017. The data call is necessary...
NFL Cheerleaders Could Test Joint Employer Liability Rule
May 11 2018 // The NFL’s cheerleader problems are back. The New York Times reported Wednesday that cheerleaders for the Washington franchise were made to pose topless for season ticket holders in Costa Rica in 2013. Earlier this...
Top 10 Causes of Serious Workplace Injuries: Liberty Mutual Index
May 11 2018 // The U.S. workplace is getting safer but the cost of the most serious workplace injuries is rising, according to the findings of the most recent Liberty Mutual Workplace Safety Index. The number of the most serious...
Gallagher Acquires UK Regional Commercial Broker Risk Services (NW)
May 9 2018 // Insurance broker Gallagher reports it has acquired regional commercial insurance broker Risk Services (NW) Ltd., based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by...
West Virginia Roofing Company Fined $57K for Workplace Safety Violations
May 7 2018 // A roofing company in West Virginia has been assessed $57,600 in proposed fines for workplace safety violations. The Charleston Gazette-Mail reports the Occupational Safety and Health Administration cited Master Roofers and...
Commercial Insurance Renewal Prices Rose in April Except for Workers’ Comp: IVANS
May 7 2018 // Last month, major commercial lines insurance renewal premiums continued their upward trend except for workers’ compensation, which remains in negative territory for the year, according to the latest IVANS...
Small Businesses Hampered by Uninsured Losses After 2017 Hurricanes: Fed Reserve
May 7 2018 // Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires in 2017, according to a Federal Reserve survey published in April. The...
Texas Mutual to Distribute $280M in Dividends to Employers
May 3 2018 // Texas Mutual Insurance Company, which provides workers’ compensation coverage to more than 70,000 business owners and 1.4 million employees, announced it will distribute $280 million in dividends in 2018. Nearly 75...
Aon Appoints Lambrou Global Chief Commercial Officer, CEO of Global Specialties
May 2 2018 // Global insurance broker Aon announced the appointment of Lambros Lambrou to the new role of global chief commercial officer and CEO of Global Specialties for the firm’s commercial risk business. Lambrou has worked...
The Hartford Reports Big Profit Gain in Q1; Record New Commercial Business
May 2 2018 // The Hartford reported a big rise in net income for the 2018 first quarter, crediting improved overall underwriting results, lower catastrophe losses, a boost in net investment income and tax reform. Net income for the...
Amazon, Lowe’s, Tesla Make ‘Dirty Dozen’ Unsafe Workplace List
May 2 2018 // Amazon, Lowe’s and Tesla are among the firms on a list of employers with unsafe workplaces published by a federation of labor, health and safety groups. The National Council for Occupational Safety and Health...
N.J. Manufacturer Faces More Than $435K in Penalties for Workplace Safety Failures
Apr 27 2018 // New Jersey plastics manufacturer Douglas Stephen Plastics Inc. has been cited for exposing employees to safety and health hazards at its Paterson, N.J., facility and faces penalties of $435,679. The U.S. Department of...
Missouri Employers Mutual: More Businesses Injury-Free in 2017
Apr 26 2018 // Workers’ compensation insurer, Missouri Employers Mutual Insurance (MEM), says it experienced an all-time high in injury-free policyholders last year. MEM’s 2017 workplace safety data show the company increased...
Ohio Plastics Company Fined $261K for Workplace Safety Hazards
Apr 24 2018 // Federal safety regulators have cited a Bellevue, Ohio-based plastics company for multiple safety violations after an inspection found employees exposed to fall, machine, and electrical hazards. The U.S. Department of...
Business Risk Partners Teams With Aspen on Agents Professional Liability Coverage
Apr 20 2018 // Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers through Aspen American Insurance Co., part of Aspen Insurance Holdings Limited. The...
New York City Council Passes Workplace Anti-Harassment Bills
Apr 19 2018 // The New York City Council has passed 11 bills designed to strengthen workplace sexual harassment protections. According to The Wall Street Journal, Democratic Council Speaker Corey Johnson says the legislation is designed...
Small Businesses Hampered by Uninsured Damage After 2017 Hurricanes: Fed Reserve
Apr 17 2018 // Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published on Tuesday. The report...
