Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Woodruff Promoted to VP, Commercial Client Services at RHSB
Aug 8 2013 // Courtney Woodruff has been promoted to vice president of commercial client services at Texas-based insurance brokerage, Roach Howard Smith & Barton (RHSB). Woodruff joined RHSB in 2007 as an account executive leading...
First Felony Conviction Won Against Uninsured Employer in Illinois
Aug 8 2013 // For the first time, an uninsured employer has been convicted of a Class 4 felony for failing to obtain workers’ compensation insurance in Illinois, the state workers’ compensation commission announced. Ahmed...
Commercial Rate Increases Slowed in July: MarketScout
Aug 6 2013 // After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout’s market index. Rate increases for...
Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey
Aug 6 2013 // Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and brokerage firms, according to a survey by Reagan Consulting, a management consulting...
CNA Introduces New Package Policy For Mid-Sized Businesses
Aug 5 2013 // CNA has launched CNA Paramount, a new package policy for mid-sized businesses that combines property and general liability coverage. CNA Paramount brings all the basic and critical property and crime coverage needs into...
Liberty Mutual EVP Burnett’s Role Expands in Business Insurance Unit
Aug 5 2013 // Liberty Mutual Insurance has given Executive Vice President Julie Burnett an added responsibility as head of distribution for the company’s Business Insurance operation. In addition to this appointment, Burnett will...
Delay in Employer Mandate Review is Welcome
Aug 5 2013 // The Obama Administration’s recent decision to delay implementation of the Employer Mandate and reporting requirements in the Affordable Care Act should be viewed as a welcomed move. Namely, it’s an opportunity...
Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying...
IA&B Survey: Agencies Report Slight Decrease in Commercial Carrier Satisfaction
Jul 23 2013 // Insurance Agents & Brokers (IA&B) — a partnership of three agents’ associations serving Pennsylvania, Maryland and Delaware — said its latest survey shows its members’ overall satisfaction...
Travelers’ Small Business Risk Education Program Launched in Chicago
Jul 18 2013 // The Travelers Companies Inc. announced the launch of the Small Business Risk Education (SBRE) program in Chicago to help women and minority small business owners learn about risk management, develop safety risk management...
Galvin Named President of Midwest Employers Casualty
Jul 17 2013 // W. R. Berkley Corp. said it has named Timothy F. Galvin as president of its subsidiary, Midwest Employers Casualty Co. (MECC). The appointment is effective immediately. Galvin succeeds Melodee J. Saunders, who has served...
Fast-Growing Craft Brewers Slow to Adopt Workplace Safety
Jul 15 2013 // Welder Mark Moynihan crawled down a narrow tube into a space the size of a car interior to seal the crack in the fermentation tank at Calhoun’s Bar-B-Q & Brewery in Knoxville, Tennessee. The space was...
‘Commercial Ties,’ ‘Economic Growth’ Top EU/U.S. Trade Talk Agenda
Jul 11 2013 // Marjorie Chorlins, the U.S. Chamber of Commerce Senior Director for Europe, issued a statement itemizing the Chamber’s views on the opening round of negotiations between the U.S. and Europe for the Transatlantic...
USI’s N.Y. Office Appoints Exec to Assist Clients’ Workplace Wellness Programs
Jul 10 2013 // USI Insurance Services’ metropolitan New York office recently appointed Karen Smith as director of its new clinical solutions department. In her role, Smith assists clients in creating workforce wellness programs...
Lockton Opens New Commercial Insurance Office in Ft. Worth, Texas
Jul 9 2013 // Lockton has expanded its commercial insurance operations, opening an office in the central business district of Fort Worth, Texas. The new Lockton office is located at 777 Main Street downtown. Frank Scardino is president...
Commercial Insurance Rates Up 5% Again in June: MarketScout
Jul 8 2013 // Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight month at that pace. According to the latest composite index from MarketScout, all...
Employers Welcome Delay in Obamacare Mandate; Workers, States Concerned
Jul 8 2013 // While businesses hailed President Barack Obama’s decision to delay penalizing companies that fail to offer benefits under the health law, workers and states may struggle with the uncertain aftermath. In postponing...
Employer Health Insurance Mandate Delayed Until 2015
Jul 3 2013 // The Obama administration will delay a crucial provision of its signature health care law, giving businesses an extra year to comply with a requirement that they provide their workers with insurance. The government will...
Obama Administration Issues Contraceptive Rule For Faith-Based Employers
Jun 28 2013 // The Obama administration on Friday issued its final rule requiring health insurance coverage of contraceptives for the employees of religiously affiliated universities, hospitals and other institutions, just as the new...
U.S. Suspends Trade Benefits for Bangladesh Over Workplace Safety
Jun 28 2013 // President Barack Obama on Thursday cut off longtime U.S. trade benefits for Bangladesh in a mostly symbolic response to dangerous conditions in that country’s garment industry that have cost more than 1,200 lives in...
