Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Lloyd’s Insurers Consider Coverage for Commercial Space Flights
Dec 28 2007 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result...
Zurich Establishes Asia-Pacific Corporate Business Unit
Dec 14 2007 // Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP). The new...
N.C. Court Gives Unlicensed Employer Organization Temporary Reprieve
Dec 14 2007 // The Superior Court of Wake County, N.C., extended and continued a temporary stay for Castleton Group Inc., a professional employer organization based in Raleigh to remain in operation for an additional 60 days. North...
Gaslamp Insurance Names 5 Commercial Producers
Dec 13 2007 // San Diego-based Gaslamp Insurance Services has added Trevor Swank, Iris Lagos, Carlos Beltran, Argelia Cota and Richard Sansone to its staff as commercial producers.
Arrowhead Offers Package Policy Program for Contractor’s Commercial Auto
Dec 13 2007 // Arrowhead General Insurance Agency Inc. has announced a new package policy program to write contractor’s commercial auto as part of a package with general liability, property and inland marine products. The program...
Liberty Mutual Expands Middle-Market General Liability Coverage
Dec 13 2007 // Liberty Mutual has enhanced its general liability offering to mid-market businesses in order to account for coverage gaps. In addition, Liberty Mutual is expanding general liability coverages for 10 specific industry...
Small Business Groups Get Big Dividends from Texas Mutual
Dec 13 2007 // Texas Mutual Insurance Company reported $684,997 in dividends to the National Federation of Independent Business (NFIB) workers’ compensation purchasing groups. The dividends were based largely on the groups’...
New Commercial P/C Agency Opens for Business in Dallas
Dec 12 2007 // Bridge Insurance Partners, a new national commercial property casualty agency has opened its first operating office in Dallas. Industry veteran and Managing Principal Jeff Turner spear-headed the campaign to open shop in...
AmTrust Agrees to Acquire Unitrin’s Business Insurance Unit
Dec 10 2007 // Unitrin, Inc. reports it has worked out an agreement to sell its Unitrin Business Insurance unit to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed. Unitrin had previously announced in...
Texas Unemployment Insurance Rate Cut Should Save Employers $270M
Dec 10 2007 // A state agency said it cut the unemployment-insurance tax rate, which will save Texas employers $270 million next year. The rate cut was due to low recent jobless rates and the Legislature’s decision to eliminate a...
Employer Organization Insolvent, Could Affect Up To 3,000 N.C. Jobs
Dec 5 2007 // North Carolina Insurance Department officials denied an ongoing licensure request of Castleton Group Inc., a professional employer organization based in Raleigh, “due to its hazardous financial condition.” The...
Montgomery Insurance Unveils New Commercial Products
Dec 3 2007 // Montgomery Insurance, a Charlotte, N.C.-based member of Liberty Mutual Group introduced a new commercial product line: The Montgomery Advantage Commercial Series. The centerpiece of the new line is CUSTOM PROTECTOR, a...
OSHA Rules Employers Must Pay for Workers’ Safety Equipment
Dec 2 2007 // Employers will have to pay the full cost for almost all personal safety equipment used by their workers, the Labor Department said recently, a move advocates say will prevent thousands of on-the-job injuries. The...
S&P: Softening Prices Should Start To Affect U.S. Commercial Lines Insurers
Nov 30 2007 // Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings...
NAS Insurance Services Offers EPLI for Small Businesses
Nov 28 2007 // Encino, Calif.-based NAS Insurance Services has a new small business employment practices liability insurance coverage (for companies with 10 full time employees or less) featuring higher commissions. This new EPLI...
Zurich Adds 100 Small Business Workers’ Comp Classifications
Nov 28 2007 // Zurich North America announced it has added 100 monoline workers’ comp business classifications to its coverage offerings. Most of the new classes are for light manufacturing, wholesale and service company risks. The...
Employers Holdings Reports Net Income of $29.9 Million in Q3
Nov 20 2007 // Reno, Nev.-based Employers Holdings Inc. reported results for the third quarter and nine months ended Sept. 30, 2007. Consolidated net income was $29.9 million, or $0.58 per share, for the third quarter of 2007, compared...
OSHA Rules Employers Must Pay Cost of Workers’ Safety Equipment
Nov 19 2007 // Employers will have to pay the full cost for almost all personal safety equipment used by their workers, the Labor Department said recently, a move advocates say will prevent thousands of on-the-job injuries. The...
Fla.’s Citizens Begins Offering Commercial Multi-peril
Nov 18 2007 // The Florida Office of Insurance Regulation approved a new multi-peril commercial insurance program for Citizens Property Insurance Corp. The new multi-peril product provides up to $2.5 million in coverage. The policies...
Commercial insurers stock prices, M&A activity flat in third-quarter 2007
Nov 4 2007 // Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent. M&A Activity: The...
