Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
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...
Workplace Deaths Down in North Dakota Oil Patch
Jan 15 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 12 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: A.M. Best
Jan 8 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the past several years. The...
CNA Appoints Zurich’s McCarron Senior Vice President, Commercial Claim
Jan 8 2016 // CNA said it has named Peter McCarron as senior vice president, Commercial Claim. McCarron joins CNA from Zurich North America, where he most recently served as senior vice president, Global Workers’ Compensation and...
TWIA Files for Changes to Dwelling and Commercial Policies
Jan 7 2016 // The Texas Windstorm Insurance Association has submitted new mandatory endorsements for its dwelling and commercial insurance policies to the Texas Department of Insurance for approval. The endorsements add storm doors to...
AIG Bets on Workplace Safety Wearables with Investment in Startup HCS
Jan 6 2016 // Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more...
VistaNational Insurance Acquires Business Insurance Underwriters
Jan 5 2016 // Oak Brook, Ill.-based VistaNational Insurance Group Inc. has acquired Business Insurance Underwriters of Wheaton, Ill. Terms of the transaction were not disclosed. VistaNational Insurance specializes in employee...
Deadly Floods Disrupting Agriculture, Commercial Operations in U.S. Midwest
Jan 3 2016 // Deadly flooding across the U.S. Midwest is disrupting everything from oil to agriculture, forcing pipelines, terminals and grain elevators to close. The floods have killed at least 30 people and shut hundreds of roads...
