Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace
Jan 12 2024 // A former senior Goldman Sachs manager is seeking around 1.0 million pounds ($1.27 million) from the Wall Street bank in London over allegations that bullying and a dysfunctional workplace destroyed his physical and...
People Moves: BHSI Taps Holding From Aviva to Lead UK Marine; Ardonagh Specialty Names Goldenberg as Global Commercial Dir.; Lockton Re Adds Yeo, Terry to Cyber Team
Jan 11 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re. A summary of these new hires and promotions follows here. BHSI Taps...
MarketScout: 2023 US Commercial Composite Rate Up 4.56%
Jan 10 2024 // According to the MarketScout Market Barometer, U.S. commercial property/casualty insurance rates rose 5.6% in the fourth quarter of 2023, resulting in a total composite rate increase of 4.56% for the whole of...
NCCI: Shifting Workplace, Costs Are Top Concerns for Workers’ Comp Execs
Jan 10 2024 // A new survey finds ratings data, changes in the workplace and workforce, medical inflation and economic uncertainty are top of mind concerns for workers’ compensation insurance executives. The National Council on...
People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London
Jan 5 2024 // Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support...
US Workplace Stress at All Time High, Survey Says
Dec 28 2023 // Stress at work has reached epidemic proportions and shows little decline in 2023, according to the American Psychological Association’s “Work in America Survey: Workplaces as Engines of Psychological Health...
Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says
Dec 22 2023 // A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were...
Aon to Buy Middle-Market Broker NFP for $13.4 Billion
Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment. The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...
Activision Blizzard to Pay $54M to Settle California Workplace Claims
Dec 18 2023 // Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California’s civil rights agency on behalf of women employed by the video game maker. The settlement, which is...
New Jersey Casino Workers Light Up in State House to Protest Smoking in Workplace
Dec 18 2023 // With prospects for a smoking ban in Atlantic City`s casinos looking hazier than ever, workers who want smoking banned took matters into their own hands, lips and lungs Thursday. Members of the United Auto Workers union...
Lawmakers Urge Expanded Safety and Mental Health Programs for Commercial Fishermen
Dec 14 2023 // A federal program that protects the health and wellbeing of commercial fishermen should be expanded to include substance use disorder and worker fatigue, a group of lawmakers from New England and Alaska said. The lawmakers...
Red Sea Shipping Costs Rise After Houthis Target More Commercial Vessels
Dec 13 2023 // The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the...
People Moves: Papanikolaou to Succeed Mueller as AGCS CEO and Will Lead Allianz Commercial; May Promoted to CEO of Lloyd’s Europe as Breitburd Steps Down
Dec 11 2023 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s Europe. A summary of these new hires follows here. Papanikolaou to Succeed Mueller as...
US Commercial Lines Survey Results Show Aggregate Increase of 6.1% in Q3: WTW
Dec 11 2023 // U.S. commercial insurance prices increased 6.1% in the third quarter, maintaining an upward trend. According to the latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), carriers in the third...
People Moves: DeCotis Specialty Adds Lyle and Downie to Commercial Lines Team
Dec 8 2023 // DeCotis Specialty Insurance, headquartered in Providence, Rhode Island added Lori Lyle as senior commercial lines account manager, and Jay Downie as a commercial lines insurance broker. Lyle joins DeCotis after spending...
Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox
Dec 7 2023 // The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high. The somewhat encouraging news: 53% of U.S. small businesses have either a standalone cyber insurance policy...
AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines
Dec 6 2023 // Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for...
Multiple Commercial Vessels Attacked in Red Sea
Dec 4 2023 // Three commercial vessels came under attack in international waters in the southern Red Sea, the U.S. military said Sunday, as Yemen’s Houthi group claimed drone and missile attacks on two Israeli vessels in the...
‘No Material or Sudden Changes’ in Commercial Insurance Pricing: WTW
Dec 4 2023 // Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets...
California Commercial Fishing Groups Sue Tire Makers Over Rubber Preservative
Dec 4 2023 // The 13 largest U.S. tire manufacturers are facing a lawsuit from a pair of California commercial fishing organizations that could force the companies to stop using a chemical added to almost every tire because it kills...
