Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Argo Surety, SureTec Launch Mid-Market Surety Program
Jun 11 2014 // Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million...
Commercial Lines Prices Up Only 4% in Q1: Towers Watson
Jun 10 2014 // Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of growth since fourth-quarter 2011, according to a new survey by Towers Watson. The increase is a...
Willis Launches UK’s 1st Shariah Compliant Commercial Property Insurance
Jun 10 2014 // Willis Group Holdings announced that in “response to growing demand from property investors for insurance cover that is compliant with Islamic law it has launched the UK’s first Shariah compliant commercial...
CNA Promotes Szabo to Commercial Underwriting Officer in Chicago
Jun 5 2014 // CNA Financial Corporation promoted Matt Szabo to assistant vice president, commercial underwriting officer for the Chicago, Illinois and Wisconsin branches. Szabo will work with leadership to provide additional strategic...
The Hartford Names Carano Commercial Markets Loss Control VP
Jun 5 2014 // The Hartford has appointed Carl J. Carano vice president of loss control for the company’s Commercial Markets division. Carano will lead development of a risk management services for commercial insurance customers....
CNA Appoints Middle Market Underwriting Director for Philadelphia Branch
Jun 4 2014 // Lori FellerCNA Financial Corporation has appointed Lori Feller as middle market underwriting director for the company’s Philadelphia branch. Feller joined CNA in 2006. Most recently she served as middle market...
Great American Launches Bitcoin Coverage for Commercial, Governmental Entities
Jun 3 2014 // Great American Insurance Group’s Fidelity/Crime Division has launched commercial coverage for bitcoins, a virtual online peer-to-peer medium of exchange. Bitcoins are used as a method of exchange by which...
Heritage Insurance Launches Commercial Residential Program
Jun 2 2014 // Heritage Insurance Holdings, Inc. has launched a new insurance program for commercial residential properties in Florida. The new line will be written by Heritage’s wholly-owned subsidiary, Heritage Property &...
Virginia Raises Fines for Employers Without Workers’ Comp
Jun 2 2014 // Employers in Virginia who fail to provide workers’ compensation insurance for their employees will be assessed, beginning July, a civil penalty of up to $250 per day for each day of noncompliance, subject to a...
Union Mutual of Vermont Cos. Names Director of Commercial Lines Underwriting
May 30 2014 // Geoffrey J. SmithUnion Mutual of Vermont Companies has hired Geoffrey J. Smith as the director of commercial lines underwriting. He is based in Montpelier, Vermont. Smith has over 27 years of experience underwriting and...
Argo Pro Adds Commercial Crime Insurance to Management Liability Portfolio
May 29 2014 // Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its line of management liability insurance products with a new...
FirstComp Launches Small Business BOP Product in Hawaii
May 28 2014 // FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Hawaii. The BOP product is also...
Private Employer Workers’ Comp Rates to Fall Again in Ohio
May 22 2014 // Ohio private employers will again benefit from lower overall workers’ compensation base-rates with a 6.3 percent reduction that will take effect July 1, the Ohio Bureau of Workers’ Compensation (BWC)...
Employers Names Mikulsky Senior Vice President in Nevada
May 19 2014 // Employers named Aaron Mikulsky as senior vice president of business process and policyholder services. He will be based out of Employers’ headquarters in Reno, Nevada. Mikulsky has more than 19 years of experience in...
Liberty Mutual Adds Cyber Coverages to Small Business BOP Policies
May 19 2014 // Liberty Mutual Insurance is now offering its small business customers data compromise and CyberOne endorsements for its BOP product available on the company’s eCLIQ policy administration platform. The data compromise...
Court: Ohio Overcharged Employers Workers’ Comp For Years
May 19 2014 // The director of the state insurance fund for injured workers said Friday that he’s disappointed with an unusually pointed appeals court decision that says the fund overcharged employers by hundreds of millions of...
Disaster Loans Made Available for New Mexico Small Businesses
May 19 2014 // Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement in April, saying the loans can help offset economic...
Scottsdale, Virtue Risk Partners to Offer Commercial Package Product
May 14 2014 // Scottsdale Insurance Co. has partnered with Virtue Risk Partners, LLC to offer a commercial package product. Virtue Risk Partners will offer commercial package products, including commercial general liability,...
Virginia to Raise Penalties for Employers Without Workers’ Comp Coverage
May 13 2014 // Employers in Virginia who fail to provide workers’ compensation insurance for their employees will be assessed, beginning July, a civil penalty of up to $250 per day for each day of noncompliance, subject to a...
Commercial Auto Insurers Still Struggle to Profit: Fitch
May 6 2014 // Commercial automobile insurers reported a third consecutive year of underwriting losses in 2013. According to an analysis by Fitch Ratings, the combined ratio came in at 106 for 2013 compared with 107 for 2012. In a...
