Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Massachusetts Lowers Employer Assessment for Workers’ Compensation
Jul 19 2016 // The Massachusetts Department of Industrial Accidents (DIA) reduced the assessment that private employers pay to the state on workers’ compensation policies to 5.6 percent of the policy premium for the new fiscal...
BHSI Launches Commercial Output Policy for Inland Marine Exposures
Jul 18 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced its Commercial Output Policy (COP) that combines the company’s new admitted property insurance policy with its inland marine coverages. BHSI’s COP...
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...
Allied World, Great Point Partner on Online Small Business Umbrella Program
Jul 15 2016 // Allied World North America has teamed with program administrator Great Point Insurance to offer umbrella coverage in the U.S. and Canada for small businesses through their online portal, UmbrellaPro. Designed for companies...
Illinois Emergency Medical Service Provider Fined $290K for Workplace Hazards
Jul 14 2016 // Federal safety and health investigators have cited Altamont Ambulance Service Inc. in Fairview Heights, Ill., for workplace safety and health violations and find the company $290,100. The federal Occupational Safety and...
Texas Companies Fined $120K for Safety Violations, Workplace Hazards
Jul 13 2016 // Unsafe working conditions have landed combined fines of more than $120,000 for two companies operating in the Texas oil and gas sector. Exterran Energy Solutions LP and South Texas Specialty Welders LLC were cited by...
Mesirow Insurance Joins Alliant Insurance Services’ Middle Market Unit
Jul 13 2016 // Chicago-based Mesirow Insurance Services (MIS), a division of Mesirow Financial, has joined Alliant Insurance Services’ middle market platform, Alliant Americas. Terms of the agreement were not disclosed. Founded in...
AXIS Names Paccione Executive VP of Commercial Management Liability
Jul 13 2016 // Mark Paccione has been appointed as executive vice president of Commercial Management Solutions (CMS) at Bermuda-based specialty insurers AXIS Insurance. The CMS team specializes in commercial public and private directors...
California Agent Allegedly Took $100K from Employer And Clients
Jul 12 2016 // Suren Hovhannisyan, 27, a licensed insurance agent of North Hollywood, Calif., was arrested at his residence this week on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after...
Commercial Insurance Rate Cuts Slowed in June: MarketScout
Jul 5 2016 // The composite rate for commercial insurance placed in the United States moderated in June to minus 1 percent from minus 2 percent in May 2016. “Insurers are getting tired of cutting rates,” said Richard Kerr,...
PartnerRe Reorganizes Business Units to Align with Client Needs
Jul 1 2016 // PartnerRe Ltd. announced the formation of a new organizational structure designed to make it easier for clients to do business with the company. “The restructuring of PartnerRe’s business is aimed at better...
XL Catlin Marine Business Unit Adds 3 in San Francisco
Jul 1 2016 // XL Catlin hired Frank Basich as senior member of the XL Catlin marine underwriting team in San Francisco. Basich is responsible for inland marine business in the western states, exercising his 25-plus years of experience...
Sandelands Appointed Sr. VP, Commercial Underwriting Services at CNA
Jun 29 2016 // CNA has appointed Barbara Sandelands as senior vice president, Commercial Underwriting Services. In this newly created role, she is responsible for driving the overall strategic direction and general management of...
Chubb’s Sandelands Joins CNA as Senior VP, Commercial Underwriting Services
Jun 29 2016 // CNA announced the appointment of Barbara Sandelands as senior vice president, Commercial Underwriting Services. In this newly created role, she is responsible for driving the overall strategic direction and general...
Prime Property & Casualty Expands into Florida Commercial Auto Market
Jun 24 2016 // Prime Property and Casualty Insurance Inc. (PPCI) has expanded into the Florida commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI is able to insure...
U.S. Issues Final Commercial Drone Regulations
Jun 22 2016 // The Federal Aviation Administration has finalized the first operational rules for routine commercial use of small unmanned aircraft systems or drones opening pathways towards fully integrating UAS into the nation’s...
Travelers to Offer Small Business Insurance in UK via Online Platform
Jun 22 2016 // The Travelers Cos. Inc. announced it will offer insurance directly to UK small businesses with fewer than 10 employees and less than £2.5 million ($3.7 million) in revenues. The online platform will initially be available...
A New Market For Distressed Commercial Auto Risks In Florida
Jun 21 2016 // Chicago, IL, June 21, 2016 – Prime Property and Casualty Insurance Inc. (“PPCI”) has rolled into the Florida commercial auto market as a bold new admitted carrier specializing in insurance solutions for...
Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
Jun 20 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the...
Small Businesses Ask California Legislature to Reauthorize, Amend COIN
Jun 15 2016 // The Small Business Investor Alliance is throwing its support for behind a bill to reauthorize and amend the California Organized Investment Network program. Assembly Bill 2728 will reauthorize COIN and ensure that...
