Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Crain Shutters Business Insurance Publication to Focus on Markets with ‘Proven Growth Potential’
Aug 9 2016 // Business Insurance – a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The publication’s...
Insurer Focus on Customers, Unique Policies Boosts Satisfaction Among Small Business Owners
Aug 9 2016 // No longer able to compete primarily on price, insurers are now focusing their efforts on pleasing customers, with the payoff being a significant increase in satisfaction among their small business commercial customers,...
Planning for the Worst: Terrorism and Workplace Violence
Aug 8 2016 // Several recent manmade events, including the attack at Pulse nightclub in Florida and the Belgium airport terrorist bombing, highlight the vulnerability of the workplace. Workplace violence costs employers more than $120...
Massachusetts Lowers Employer Assessment
Aug 8 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...
Texas Manufacturer Faces $99K in Penalties Over Workplace Hazards
Aug 5 2016 // A Texas-based pre-cast concrete structure manufacturer has been cited by federal safety officials for 17 repeat, serious workplace safety violations and faces penalties totaling $99, 248. The Turner Company LLP was cited...
Houston Tortilla Factory Fined Nearly $107K for Workplace Hazards
Aug 4 2016 // Federal safety officials have proposed penalties of $106,700 against a Houston tortilla factory over unsafe conditions at the company’s workplace. The U.S. Department of Labor’s Occupational Safety and Health...
Chubb Enhances Cover for Commercial Entertainment Producers in UK & Ireland
Aug 4 2016 // Chubb said it has enhanced insurance policy wording for companies producing television and other advertising commercials in the UK & Ireland, as the creative industry sector continues to grow and its risks evolve. The...
Sompo Canopius Appoints Kedney as Chief Commercial Officer
Aug 1 2016 // Sompo Canopius* AG has appointed Paul Kedney as chief commercial officer. Kedney will join the group’s executive committee and work closely with Stuart Davies, group chief executive officer, and Mike Duffy, group...
POWERS Insurance Promotes Simkins to Commercial Account Manager
Jul 27 2016 // POWERS Insurance and Benefits, headquartered in St. Louis, Mo., has promoted Amy Simkins to commercial account manager. Simkins will assist the company’s producers when pursuing new business avenues, as well as...
Federal Workplace Safety Violation Fines Going Up Aug. 1
Jul 27 2016 // Businesses that are found in violation of federal occupational safety and health laws will pay more in penalties starting Aug. 1. Under a law passed by Congress last year, penalties that were last adjusted in 1990 are...
Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
California Agent Allegedly Took $100K from Employer And Clients
Jul 25 2016 // Suren Hovhannisyan, 27, a licensed insurance agent in North Hollywood, Calif., was arrested at his residence in early July on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after...
Texas Air Liquide Plant Cited for Workplace Safety Violations
Jul 22 2016 // Federal safety officials have cited Air Liquide Large Industries US LP for workplace health and safety violations at the company’s plant in Corpus Christi, Texas. The U.S. Department of Labor’s Occupational...
North Carolina Restores Workers’ Ability to Sue Over Workplace Discrimination
Jul 20 2016 // Minor changes to a North Carolina law limiting protections for LGBT people have been signed by the governor. Legislators left the law mostly intact during their yearly session. They did make a change requested by...
U.S. Employers Taking Steps to Help Muslims Feel Safer at Work
Jul 20 2016 // More U.S. employers are taking steps to make Muslims feel accepted and safe at work, as their faith comes under scrutiny with the rise in terror attacks and calls by presumptive Republican presidential nominee Donald Trump...
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...
