Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 19 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
Commercial premiums, except coastal property, continue to fall
Nov 19 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
Ohio National Interstate Launches Commercial Vehicle Product
Nov 16 2006 // Richfield, Ohio-based National Interstate Corp. recently announced that its principal insurance subsidiary National Interstate Insurance Co. has added a commercial vehicle product to its offering. The new product line,...
The Hartford Expands Program to Commercial Property Managers
Nov 15 2006 // The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The Hartford’s target market encompasses...
Pa. Creates Fund for Injured Workers of Employers Without Workers’ Comp
Nov 15 2006 // Pennsylvania Gov. Ed Rendell has signed legislation creating a fund to pay injured workers whose employers lack workers compensation coverage. The same bill — HB 2738 — increases the minimum amount an injured worker...
ACE Europe Names Cryer UK, Ireland Commercial Property, Package Product Manager
Nov 13 2006 // Ace European Group has named Stephanie Cryer as its UK and Ireland Commercial Property and Package Product Manager. She joins ACE from Chubb where she was most recently the London Strategic Marketing manager and previously...
Online Workers’ Comp Kit Helps Employers Track and Cut Costs
Nov 10 2006 // Workers’ Comp Kit is the first online cost-containment program that gives employers tools they can use to cut workers’ compensation costs as much as 20 percent to 50 percent, according to Amaxx Risk Solutions,...
Commercial Premiums, Except Coastal Property, Continued Falling in 3Q
Nov 7 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
A year after Katrina, commercial property market ‘bleak’ in New Orleans
Nov 6 2006 // Placing of business is harder than it has ever been, agent says We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm...
Survey: Commercial market softens, insurer appetite increases
Nov 6 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
There are no ‘mulligans’ in commercial property
Nov 6 2006 // Lessons in loss prevention help keep commercial property insurance clients from becoming statistics You may be familiar with the word “mulligan.” In golf it means a chance to do it over without a penalty....
A year after Katrina, commercial property market ‘bleak’ in New Orleans
Nov 5 2006 // We insure a business in French Quarter in New Orleans which was unaffected by the flooding from Katrina and for the most part had fairly limited windstorm damage,” said Parke Ellis, a principal with Gillis, Ellis...
Survey: Commercial market softens, insurer appetite increases
Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Commercial Property
Nov 5 2006 // N12 84 IT spurs need for underwriters Professional liability issues expected to grow
There are no ‘mulligans’ in commercial property
Nov 5 2006 // You may be familiar with the word “mulligan.” In golf it means a chance to do it over without a penalty. Unfortunately, in the world of loss prevention and property protection, a mulligan is typically not an...
Marsh Ends President’s Role; Targets Middle Market, Tech, Construction
Nov 3 2006 // Marsh Inc. announced a series of personnel moves its says are designed to encourage new business growth and retention levels. The company also announced the elimination of the role of president, now held by Bill Malloy,...
Employers Names Shappell Chief Strategy Officer
Nov 3 2006 // Reno, Nev.-based Employers has appointed Teresa Shappell senior vice president, chief strategy officer. She will focus on new initiatives and opportunities. Previously, Shappell was chairman of Shappell Inc., a consulting...
Washington Employers Save $315 Million in Workers’ Comp
Nov 3 2006 // Washington Governor Chris Gregoire announced that the state’s employers and workers would save an estimated $315 million in workers’ compensation premiums next year as the result of a six-month partial...
GNW-Evergreen Names Riedel Commercial Lines Manager
Nov 2 2006 // Los Angeles-based GNW-Evergreen Insurance Services LLC has hired Mari Riedel as its new commercial lines manager. Riedel will have senior-level responsibilities with accountability for departmental staffing, training,...
LWCC Stresses Fire Prevention Safety in the Workplace
Oct 26 2006 // In recognition of National Fire Prevention Month (October), Louisiana Workers’ Compensation Corporation (LWCC) is reminding employers to educate their employees about fire safety in the workplace. The Occupational...
