Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
The Smaller the Small Business, the Bigger the Insurance Discontent: J.D. Power
Aug 7 2017 // Not all small businesses are the same when it comes to customer satisfaction with their commercial insurance. There are actually widening satisfaction gaps among small businesses of different sizes, according to the J.D....
Travelers Completes Purchase of UK Small Business Insurer, Simply Business
Aug 7 2017 // The Travelers Cos. has completed its previously announced acquisition of Simply Business, a provider of small business insurance cover in the United Kingdom, which offers products online on behalf of a broad panel of...
How to Catch Commercial Auto Use Fraud
Aug 7 2017 // Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is a personal vehicle instead of the commercial work truck it really is, who...
Commercial Lines Insurance Renewal Rates Continued Rising in July: IVANS
Aug 2 2017 // In July 2017, premium renewal rate change for the majority of standard commercial lines products remain in positive territory. Workers’ compensation was the one product that trended negatively, dipping below -1.00...
Older Workers at Greater Risk of Dying in Workplace Accidents
Aug 2 2017 // Older people are dying on the job at a higher rate than workers overall, even as the rate of workplace fatalities decreases, according to an Associated Press analysis of federal statistics. It’s a trend that’s...
Maine’s MMG Insurance Company Hires Hochradel as VP of Commercial Lines
Aug 1 2017 // MMG Insurance Company, a Presque Isle, Maine-headquartered regional property and casualty insurance company, has hired Derek Hochradel as vice president of commercial lines, effective July 31, 2017. “Growth of...
Viewpoint: Employers Rejecting Marijuana Users Will Pay a Price
Jul 28 2017 // In Youngstown, Ohio, the employment problem is not a shortage of jobs. Nor is it a shortage of workers. The problem is not stingy employers who don’t want to pay enough to attract good workers. Nor is the problem...
Woman Who Stole $3M from Employer’s New Jersey Facility Sentenced
Jul 26 2017 // A Tennessee woman accused of stealing $3 million from a trucking company’s New Jersey facility has been sentenced. Fifty-five-year-old Tracey Perrigan, of Sparta, was sentenced to 33 months in prison Monday. Perrigan...
Chicago’s Chubb Workplace Benefits Promotes Wayland to Sr. VP
Jul 24 2017 // Chubb Workplace Benefits in Chicago has promoted Jon Wayland to senior vice president of sales. Wayland has 30 years of insurance industry experience and previously served as vice president of brokerage channel sales. In...
Privacy Is New Hot Workplace Issue for EPLI Claims
Jul 24 2017 // About 40 percent of employment practices liability policies (EPLI) that I review fail to cover allegations of employment-related breach of privacy. These range from complaints that the employer failed to protect sensitive...
Orchid Underwriters Expands Commercial Lines into Alabama, Mississippi
Jul 24 2017 // Orchid Underwriters Agency, LLC, a specialty underwriter of catastrophic coastal insurance, announced that it expanded its Commercial Lines business to two new states: Alabama and Mississippi. The two new states join New...
Starr Buys Stake in Small Business Insurtech CoverWallet
Jul 19 2017 // Starr Companies is now a minority shareholder in online small business insurance agency CoverWallet. CoverWallet confirmed the deal that was first reported by the Wall Street Journal. No financial terms were...
Farmers Names Fernandez to Head Business Insurance; Kappler to Lead Bristol West
Jul 19 2017 // Farmers Insurance has named new presidents for two of its key business units. Sharon Fernandez, most recently president of Bristol West Insurance, has been appointed president of Business Insurance at Farmers. In addition,...
Novarica: Commercial Insurers Prioritizing Tech Advancements
Jul 18 2017 // A new report by the research and advisory firm, Novarica, shows that commercial insurance carriers are modernizing policy administration systems and agent portals to support complexities of business. Novarica also says use...
Connecticut Woman Gets Prison Time for Stealing $250K from Employer
Jul 14 2017 // A Connecticut woman who stole more than $250,000 from her Massachusetts employer even as he struggled with dementia and cancer has been sentenced to nearly two years in prison. Angela Craig was sentenced Tuesday in U.S....
Agents Seek Better Grasp of Carriers’ Commercial Lines Underwriting Likes
Jul 12 2017 // Independent agents want to talk about underwriting, and they’re urging their carriers to listen. Preliminary results from the 2017 Channel Harvest Research survey indicate agents want to see companies put greater...
Leavitt United Names Chavez a Commercial Producer in California
Jul 7 2017 // Leavitt United Insurance Services has added Martin Chavez to the agency’s Napa, Calif. location. Chavez is a commercial producer. He specializes in risk management consulting for workers’ compensation and...
Munich Re US Launches Commercial Drone Operator Liability Endorsement
Jul 7 2017 // Munich Reinsurance America Inc. (Munich Re, US), has launched a new commercial drone insurance product that offers customized liability for insurance companies and their small-to-medium size businesses using drones under...
The Villages Insurance in Florida Adds Sardisco to Commercial Division
Jul 5 2017 // The Villages Insurance Partners (TVIP) has added Lisa Sardisco to their Commercial Risk Management Division in The Villages, Fla. The Villages Insurance Commercial Risk Management Team specializes in protecting business...
Skuld Names Kohmann as Head of Oslo Business Unit as Urdal Retires
Jun 30 2017 // Marine insurance provider Skuld announced that Kristoffer Kohmann is the new head of Skuld Oslo 2, one of its Oslo business units. Kohmann will succeed Ketil Urdal who, after 16 years with Skuld and a career spanning 20...
