Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
P/C Commercial Rates Fell 4% in January
Feb 5 2016 // Rates for commercial property/casualty insurance fell four percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO of...
XL Catlin Unveils Workplace Violence Coverage for Mid-Size Companies
Feb 4 2016 // XL Catlin has introduced a new insurance policy to help mid-size companies in the U.S. respond and recover from incidents of workplace violence. According to Denise Balan, Americas Head for XL Catlin’s Crisis...
Mizzi Appointed Sr. VP, Commercial Field Operations at CNA
Feb 3 2016 // Chicago-based insurer CNA appointed John Mizzi to senior vice president, Commercial Field Operations, effective Feb. 16, 2016. Mizzi will be responsible for integrating and accelerating CNA’s Commercial underwriting...
Oklahoma Lawmaker: Small Businesses Back Asset Forfeiture Reform
Feb 3 2016 // An Oklahoma state lawmaker has filed a bill that would reform Oklahoma’s civil asset forfeiture law, an effort he says is supported by small businesses in the state. In May 2015, Sen. Kyle D. Loveless (R-Oklahoma...
Schinnerer Launches Online Flood Program for Residential, Commercial Properties
Feb 3 2016 // Victor O. Schinnerer & Company, an underwriting manager, has launched Schinnerer Flood – an online program offering primary insurance for commercial and residential properties through the National Flood Insurance...
Glatfelter Expands Commercial Ambulance Program to Additional States
Feb 2 2016 // Glatfelter Commercial Ambulance (GCA) is expanding into several new states. After an initial rollout in Pennsylvania and New Jersey last year, GCA plans to expand to Illinois, Kentucky, Maryland, New York, Ohio and Texas...
How to Keep Peace Over Politics in the Workplace
Feb 1 2016 // As Iowa and New Hampshire citizens prepare to caucus and vote, it’s worth remembering that sparring over immigration reform, ISIS and whether Donald Trump should be in the White House can go quickly from casual to...
EEOC Seeks Input on Workplace Retaliation Guidance
Feb 1 2016 // The U.S. Equal Employment Opportunity Commission (EEOC) is seeking public input on proposed enforcement guidance addressing retaliation and related issues under federal employment discrimination laws. The enforcement...
Sachs Walsh Hires Satrazemis as Commercial Lines Manager in Connecticut
Jan 25 2016 // Christos Satrazemis Sachs Walsh Insurance, an independent agency in Westport, Connecticut, has hired Christos Satrazemis to replace Arthur Sachs as Commercial Lines manager. Sachs, who founded the agency in 1978, retired...
Browning-Ferris Files Appeal of NLRB’s Joint Employer Liability Ruling
Jan 25 2016 // A California waste management company has launched a legal challenge to a new U.S. labor board standard for “joint employment” that could make it easier for unions and regulators to hold companies accountable...
Workplace Deaths Down in North Dakota Oil Patch
Jan 25 2016 // The number of work-related deaths in the North Dakota oil patch in 2015 dropped from the previous year. Occupational Safety and Health Administration data show three such fatalities last year, down from seven in 2014 and...
North Carolina Cracks Down on Employers Lacking in Workers’ Comp Coverage
Jan 25 2016 // The commission responsible for enforcing workers’ compensation laws in North Carolina has cracked down in the last year on employers who don’t carry proper insurance, collecting $1 million in civil fines from...
Outlook for U.S. Commercial P/C Insurance Still Negative
Jan 25 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty industry, despite relatively solid aggregate results over the past several years. The...
Allianz to Buy Aegon’s Commercial P&C Portfolio in the Netherlands
Jan 22 2016 // Allianz has agreed to acquire the commercial P&C portfolio of Aegon in the Netherlands. Details of the transaction were not disclosed. Allianz’s P&C market share in the Netherlands will rise from 4.4 percent...
U.S. Labor Department Issues Joint Employer Liability Rules
Jan 21 2016 // More U.S. companies could be classified as “joint employers” of workers employed by a staffing agency or contractor and held liable for labor violations tied to those staff, the U.S. Labor Department said in...
Intact Insurance Launches Commercial Drone Insurance in Canada
Jan 20 2016 // Canadian insurer Intact Insurance has launched drone insurance for its commercial lines customers. This Unmanned Air Vehicle (UAV) coverage caters specifically to small and medium-sized businesses in Canada that currently...
NFIB, Markel to Offer Workers’ Comp Coverage to Small Businesses
Jan 20 2016 // The National Federation of Independent Business (NFIB) and Markel FirstComp, a division of Markel Service, Inc., have formed a new relationship through which eligible small business owners across the country can qualify...
Ironshore Expands Builders Risk Coverage to Wood Frame Commercial Construction
Jan 19 2016 // Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada. The stand-alone policy offering will protect against property risks of...
AIG Increases Global Commercial Property Limits to $2.5B
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
Washington Refinery Fined Nearly $325K for Workplace Violations
Jan 19 2016 // Washington’s Department of Labor & Industries has fined Phillips 66 Refinery $324,000 for failing to correct serious workplace safety and health violations. An L&I inspection of the Ferndale facility found...
