Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re
Sep 14 2022 // Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: “Maintaining resilience: the role of P&C...
People Moves: JMBI Names Goldstein as President; VIAA Hires Pair of Commercial Marketers
Sep 13 2022 // JMB Insurance Agency Announces Goldstein’s Promotion to President JMB Insurance Agency, Inc., headquartered in Chicago, Illinois, has named Kimberly Goldstein as the firm’s inaugural president for strategic...
Sam Frihart Joins Breckenridge Insurance Specialty Property Program Team as Commercial Property Underwriter
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW
Sep 12 2022 // U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers...
Illinois Trucking Repair Company Fined $326,000 for Workplace Hazards
Sep 9 2022 // A 48-year-old worker entered a tanker-trailer in Lemont, Illinois to inspect it as part of an annual U.S. Department of Transportation requirement and was overcome from exposure to bleach and chlorine gas. The worker was...
Lexington Starts Middle Market Casualty Group for SMEs
Sep 8 2022 // AIG’s Lexington Insurance Company today announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to...
People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re
Sep 8 2022 // Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and...
Labor Board to Expand Companies’ ‘Joint Employer’ Liability
Sep 7 2022 // A U.S. labor board on Tuesday moved to make it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, proposing to revive an Obama-era standard heavily...
Q2 Commercial P/C Premiums Up 6.1%: CIAB
Sep 5 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The...
Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records
Sep 2 2022 // Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American businesses are willing to hire workers with criminal records. Such companies become even...
Commercial Auto Insurtech Fairmatic Raises $42M
Aug 31 2022 // Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance...
Illinois Contractor Faces $303,000 in Fines for Deadly Workplace Exposures
Aug 29 2022 // A Roselle, Illinois contractor with a long history of federal workplace safety violations who currently owes more than $390,000 in penalties, added an additional $303,105 in proposed fines for once again exposing workers...
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power
Aug 24 2022 // A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers during the pandemic, causing customer satisfaction to decline...
People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer
Aug 19 2022 // This edition of International People Moves details appointments at RMS and and Catalina. A summary of these new hires follows here. Moody’s, RMS Appoints Hare MD of APAC Andrew Hare has been appointed managing...
Q2 Commercial P/C Premiums Up 6.1%: CIAB
Aug 16 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 15 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey Reports
Aug 15 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
Agents Win in Commercial Lines
Aug 15 2022 // Independent agents once again show they continue to command the commercial insurance market. The independent agency channel placed 62% of all property/casualty insurance written in the U.S., according to the recently...
How the Supply Chain Crisis Is Heightening Risk Exposures in Commercial Lines
Aug 15 2022 // The supply chain crisis has seared itself into popular imagination through empty shelves where toilet paper once stood and a desperate shortage of baby formula. But the ripple effects that emanate from globally disrupted...
New York Insurance Fund Refunds $550M to Employers for Workplace Safety
Aug 12 2022 // The New York State Insurance Fund reported that it returned more than $550 million over the past year to businesses through its workers’ compensation safety discounts and dividends programs. The state agency provides...
