Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Monroe Employer Arrested in Louisiana Workers’ Comp Crackdown
Sep 15 2009 // The Louisiana Workforce Commission (LWC) announced a third arrest this month as part of the the agency’s statewide crackdown on employers who are alleged to have committed workers’ compensation fraud. Agents...
Willis Survey Finds UK Commercial D&O Sector Resists Rate Increases
Sep 14 2009 // A new survey by Willis concludes that “the commercial sector continues to resist the sharp rate increases for Directors & Officers insurance seen in the financial institutions sector, with the average premium...
ISO Develops Green Building Insurance Endorsement for Commercial Properties
Sep 14 2009 // Insurance Services Office (ISO) has filed the property/casualty insurance industry’s first standard coverage option for commercial property owners interested in rebuilding damaged property with green...
Alabama Uncertain If Small Business Tax Break Is Boosting Health Insurance
Sep 8 2009 // Craig Bacheler is able to offer the employees at his small Alabama IT firm health benefits because of a new state law, but some who helped push for the law say it is too early to measure its benefits. Small companies,...
Small Businesses Confront Big Cyber Risks
Sep 7 2009 // Larger Firms Tend to Have More Data Security Resources The theft of personal and private data — from credit card information, to Social Security numbers, to health information, is a thriving global crime — and it is...
Small Businesses Confront Big Cyber Risks
Sep 7 2009 // Larger Firms Tend to Have More Data Security Resources The theft of personal and private data — from credit card information, to Social Security numbers, to health information, is a thriving global crime — and it is...
Calif.’s Employers Direct Now Wants Agents
Sep 7 2009 // Just a short time after announcing it was leaving the California workers’ compensation insurance market because it was not profitable, direct writing Employers Direct Insurance Co. changed its tune and said it is...
Florida, Georgia Insurer First Commercial to Be Liquidated
Sep 7 2009 // Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control. All policies written by FCIC and its subsidiary,...
New Insurer Ascendant to Rescue First Commercial Insureds, Jobs in Florida
Sep 4 2009 // Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with bankrupt First Commercial Insurance Co., which is in liquidation. Florida CFO...
Shankar Joins Aon’s Asia Pacific Consulting as Chief Commercial Officer
Sep 3 2009 // Aon Consulting, the global human capital consulting organization of Aon Corporation, announced that 20-year industry veteran Anand Shankar has joined the firm in the newly created position of Chief Commercial Officer, Asia...
Employers Direct Sheds Direct Calif. Workers’ Comp; Will Return with Brokers
Aug 26 2009 // Just a short time after announcing it was leaving the California workers’ compensation insurance market because it was not profitable, Employers Direct Insurance Co. is announcing it is back. The...
Florida, Georgia Insurer First Commercial to Be Liquidated
Aug 26 2009 // Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control. All policies written by FCIC and its subsidiary,...
Workplace Deaths Fall in Wyoming
Aug 25 2009 // Occupational fatalities in Wyoming decreased 31 percent from 2007 to 2008, the biggest single-year drop since the state Department of Employment started its Census of Fatal Occupational Injuries in 1993. Department senior...
Survey Says Employers Preserving Benefits
Aug 19 2009 // The annual Transamerica Retirement Survey reports that while nearly half of the U.S. employers surveyed have undertaken cost-cutting measures such as lay-offs and salary freezes, relatively few have reduced or eliminated...
Four Commercial Auto Endorsements Every Insured Should Consider
Aug 18 2009 // Insurance Services Office (ISO) lists more than 100 endorsements available for use with the business auto policy (BAP) (the total number varies by state). Out of that heap of policy-altering endorsements, most designed to...
Arkansas: Employers Can’t Make Direct Payment for Work Comp Bills
Aug 18 2009 // The Arkansas Insurance Department has issued a reminder that employers should not make direct payments for employees’ medical bills that were incurred on small workers’ compensation claims. The department says...
Three Commercial Property Endorsements Every Client Should Have
Aug 13 2009 // Several weeks ago, MyNewMarkets.com posted a two-part series regarding coverage gaps and selling to those gaps. “Gaps That Sell” and “Three Homeowners’ Policy Gaps that Sell” detailed the...
Business Insurance Now Internet Site Offers Hartford’s Home, Auto Coverage
Aug 13 2009 // Web-based insurance seller Business Insurance Now has signed with The Hartford Financial Services group to offer home and auto policies. “Many small-business owners share a desire to simplify,” says Jim...
Main Street America’s Great Lakes Launches Commercial Lines in Michigan
Aug 12 2009 // The Main Street America Group’s Great Lakes Casualty Insurance Co. is now offering its commercial product line, featuring the company’s Main Line Business Owners Policy product, to its Michigan network of...
Employers Holdings Posts Q2 Net Income of $20.3 Million
Aug 7 2009 // Reno, Nev.-based Employers Holdings Inc. reported second quarter net income of $20.3 million compared with $27.4 million in the second quarter of 2008, a decrease of $7 million. Net income includes amortization of the...
