Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Louisiana Citizens Considering Commercial Property Rate Increase
Nov 7 2012 // Louisiana Citizens Property Insurance Corp.’s board is expected to approve increasing its commercial coverage rates by an average of 45.1 percent statewide this week. Almost all of Citizens’ roughly 5,700...
Hub International Acquires Canada Broker Huestis Commercial Insurance
Nov 6 2012 // Chicago-based Hub International Limited announced that it has acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a Saint John, New Brunswick, Canada-based insurance brokerage firm. Terms of the acquisition...
Florida Approves More Takeouts at Citizens; OKs Commercial Hikes
Nov 5 2012 // Florida regulators announced that two property insurance companies have been approved to take out up to 100,000 policies from the state-backed insurer in December, adding to the 210,000 policies already slated for removal...
Court: Illinois Teen Eligible for UIM Coverage Under Dad’s Business Auto Policy
Nov 2 2012 // A teen injured in a car wreck is entitled to underinsured motorist coverage (UIM) under her father’s business auto policy even though the vehicle she was riding in was not a listed vehicle on the policy, according to...
Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8%
Oct 26 2012 // The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe...
Cypress Benefit Administrators Adds Captive Health Insurance for Employers
Oct 24 2012 // Cypress Benefit Administrators, a national third party administrator (TPA) based in Appleton, Wisc., and with locations in Portland, Ore., Omaha, Neb. and Pueblo, Colo., has launched CypressCap group captive insurance...
Wisconsin Workplace Shooting Brings Call for New Law on Guns
Oct 24 2012 // Two Wisconsin lawmakers are pushing legislation to tighten the enforcement of gun rules in domestic violence cases, prompted by a fatal shooting rampage at a suburban Milwaukee spa. Radcliffe Haughton, 45, bought a handgun...
Arrowhead General Insurance Agency, Inc. Appoints Tim Grant as Senior Vice President of Business Development for the Commercial Division
Oct 24 2012 // San Diego, CA, 10/24/2012 – ARROWHEAD General Insurance Agency, Inc. has hired Tim Grant as the Senior Vice President of Business Development for the Commercial Division. As of Monday, October 22, 2012, Grant began...
Hummel Named President of Humana’s Employer Group Division in Texas
Oct 23 2012 // Linda T. Hummel has been named president of the Employer Group Division for Humana Inc. in Texas. A 22-year veteran with Humana, Hummel will be responsible for the overall management and strategic planning for...
Florida Approves More Policy Takeouts at Citizens; Also OKs Commercial Rate Hikes
Oct 23 2012 // Florida regulators announced that two property insurance companies have been approved to take out up to 100,000 policies from the state-backed insurer in December, adding to the 210,000 policies already slated for removal...
WorkCompOne Launches Coverage Website for Small Business Owners
Oct 17 2012 // WorkCompOne, an online insurance destination, has launched a new website focused on serving small business owners. “Main street retailers and professional service providers, such as accounting, legal, engineering and...
Top 25 Workplace Harassment, Bias Settlements
Oct 16 2012 // In honor of National Boss Day, eBossWatch, which enables people to anonymously rate their bosses and evaluate potential employers, has released a study on workplace harassment and discrimination charges that is says are...
Mobile Device Explosion in the Workplace Creates Need for Heightened Security
Oct 16 2012 // Mobile devices have taken the workplace by storm, but the proliferation of these devices has created a new set of security challenges. After a number of high-profile data breaches and “hacktivist” incidents...
Brown & Brown Boosts Earnings in Q3, Sees Middle Market Improving
Oct 16 2012 // Florida-based national insurance broker Brown & Brown Inc. reported that net income for the third quarter of 2012 was up 12.1 percent to $49.5 million over the same quarter in 2011. J. Powell Brown, president and chief...
Schinnerer Adds Small Business Miscellaneous E&O Policy
Oct 11 2012 // Victor O. Schinnerer & Co., a managing general underwriter, is adding to its professional liability offerings with a new miscellaneous professional liability (MPL) insurance program for small businesses. Schinnerer...
Paychex, Employers to Provide Work Comp to Small Businesses
Oct 11 2012 // EMPLOYERS has entered into an agreement with Paychex Insurance Agency, Inc. to provide small businesses the opportunity to acquire and pay for workers’ compensation insurance when they process payroll through...
Nielsen Named Commercial Claims VP at Founders Insurance
Oct 8 2012 // Matthew J. Nielsen has been promoted to vice president of Commercial Claims at Founders Insurance Co., a member company of the Utica National Insurance Group, of Des Plaines, Ill. Nielsen’s responsibilities include...
Health Plan Cost Rate Hikes Lower for Large Employers in 2012: Aon
Oct 3 2012 // In 2012, large U.S. companies and their employees saw the lowest health care premium rate increases in six years, according to an analysis by Aon Hewitt, the global human resources firm. The average health care premium...
Supreme Court to Hear Employer Liability, Class Certification in New Term
Oct 1 2012 // The U.S. Supreme Court has agreed to review close to 40 cases in its new term that begins on Monday, roughly half the number the court is expected to hear this year. Below are some of the more prominent cases that the...
Employer Costs for Employees Lowest in South, Highest in Northeast
Sep 28 2012 // Total employer costs for employees in private industry ranges from $26.14 per hour in the South to $32.98 in the Northeast. According to U.S. Bureau of Labor Statistics, the same costs are $28.06 in the Midwest and $30.01...
