Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Some Kansas Lawmakers Want State, not Feds, to Regulate Workplace Safety
Mar 16 2017 // Some Kansas lawmakers want the state to take over the job of writing and enforcing workplace regulations, despite concerns by a labor rights group that the change could water down safety oversight. Lawmakers and some...
Ohio Workers’ Comp Bureau Proposes $1B Employer Rebate
Mar 16 2017 // Ohio’s fund for injured workers wants to return more than $1 billion of its investment earnings to the state’s 200,000 private and public employers. The Ohio Bureau of Workers’ Compensation proposed the...
RSA Names Gearey as Managing Director of Commercial Risk Solutions
Mar 16 2017 // London-based RSA has appointed James Gearey as managing director for Commercial Risk Solutions (CRS) from June 5, 2017, subject to regulatory approvals. Gearey has spent the past nine years at Siemens Financial Services,...
Florida Insurance Agency Employee Accused of Stealing $1M From Employer
Mar 15 2017 // A Florida insurance agency employee was arrested following an alleged scheme that officials claim bilked her Ft. Lauderdale-based employer out of more than $1 million, according to a statement from Chief Financial Officer...
Somali Pirates Hijack Oil Tanker in 1st Commercial Attack in 5 Years
Mar 14 2017 // Pirates have hijacked an oil tanker with eight Sri Lankan crew onboard, a Somali official said on Tuesday, the first time they have successfully taken a commercial ship since 2012. The Aris 13 sent a distress call on...
What’s Been Happening with Commercial Insurance Prices: Willis Towers Watson
Mar 13 2017 // Most commercial insurance prices in the U.S. were nearly flat during the fourth quarter of 2016, although prices continued to go up for commercial auto. The most recent Commercial Lines Insurance Pricing Survey (CLIPS)...
Top 10 Highest-Performing Large Commercial Insurers: J.D. Power
Mar 13 2017 // XL Catlin was 2016’s highest-performing large commercial insurer in terms of customer satisfaction, according to the latest J.D. Power study. CNA, Chubb, Berkshire Hathaway Homestate Companies and a pre-merger ACE...
Employers Struggle to Manage Benefits Covering Specialty Drugs
Mar 10 2017 // Twenty-seven percent of employers are offering their employees a high deductible plan with co-insurance as part of their specialty drug benefit, and although this strategy helps to lower insurance premiums, it can also...
70% of Employers Say Prescription Drug Abuse Affects Workplace
Mar 10 2017 // More than 70 percent of United States employers are feeling the direct impact of prescription drug misuse in their workplaces, according to a survey from the National Safety Council. The survey, How the Prescription Drug...
New Bill Grants Bonding Assistance to Small Businesses in New Jersey
Mar 6 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Gov. Chris Christie on Jan. 4, introduces a new...
Florida Launches Online Workers’ Comp Insurer Database for Employers
Mar 6 2017 // The Florida Division of Workers’ Compensation has formed an online insurance company database to assist Florida business owners with obtaining workers’ compensation coverage. According to a statement from the...
Massachusetts Man Sentenced for Stealing $1.5M from Employer
Mar 2 2017 // The former controller for a Milford, Mass.-based developer has been sentenced to up to three years in prison for stealing nearly $1.5 million from the company. Sixty-one-year-old Michael Lussier was sentenced Monday after...
New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact
Mar 1 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
Helping Small Insurers Sell Cyber Coverage to Small Businesses
Feb 24 2017 // With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been...
Hub International Acquires Assets of Employer Resource Group in California
Feb 22 2017 // Hub International Ltd. has acquired the assets of Employer Resource Group Financial & Insurance Services Inc. in Torrance, Calif. Terms of the deal were not disclosed. Tim Dickins, ERG founder and CEO, will join Hub...
Florida Launches Online Workers’ Comp Insurer Database for Employers
Feb 21 2017 // The Florida Division of Workers’ Compensation has formed an online insurance company database to assist Florida business owners with obtaining workers’ compensation coverage that protects employees from the...
Zurich Insurance in APAC Creates New Commercial Insurance Structure
Feb 17 2017 // Zurich Insurance has created a new structure for its Commercial Insurance business in Asia Pacific (APAC), following the combination of its Global Corporate and Commercial units into a single division. “This...
Ironshore Forms Oil & Gas Facility for Middle Market Energy Sector
Feb 14 2017 // Ironshore Specialty Casualty has formed Ironshore Energy Solutions, a dedicated oil & gas facility, offering liability coverages for on-shore middle market energy classes in the United States. Ironshore Insurance...
OnDeck’s Hobson Named CEO of Online Small Business Insurance Platform Attune
Feb 7 2017 // Attune, the data-enabled small business platform established by American International Group, Hamilton Insurance Group and affiliates of Two Sigma Investments has named James Hobson, currently chief operating officer of...
Commercial Health Plans’ Spending on Drugs Slowed in 2016: Express Scripts
Feb 6 2017 // Express Scripts Holding Co., the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has...
