Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
28% of Michigan Small-to Mid-Sized Business Leaders Satisfied with Economy: Survey
Dec 9 2020 // A survey funded by the by Accident Fund Insurance Company of America and the Michigan Business Network shows that most leaders of small-to mid-sized businesses in the state continue to be wary about the economy. The latest...
Middle Market Firms May Be Untapped Telematics Opportunity
Dec 9 2020 // Middle market business owners may be more interested in vehicle telematics insurance products than their agents realize. Approximately 14 percent of agents surveyed for insurer Nationwide responded that they don’t...
Former Fidelity Investments’ Employee Claims Discriminatory, Hostile Workplace
Dec 9 2020 // A former female employee of Fidelity Investments has sued the company for discrimination and a hostile workplace where women were allegedly disparaged and racially insensitive comments were made, according to a...
Texas Windstorm Insurer to File for 5% Residential, Commercial Rate Hike
Dec 8 2020 // The board of directors of Texas’ insurer of last resort for wind and hail for properties along the Texas coast has directed its staff to file a rate increase of 5% for both residential and commercial policies with...
U.S. Commercial Insurance Rates Rise Again in Q3 But Show Signs of Stabilizing
Dec 8 2020 // For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10 percent but the rocket ship rate hike trend might be moderating “While commercial insurance prices continued...
Transit Worker Can Be Compensated, Cannot Sue Employer for Assault Injuries
Dec 4 2020 // A District of Columbia appeals court held that a Washington Metropolitan Area Transit Authority (WMATA) worker cannot sue his employer after requesting compensation under the Virginia Workers’ Compensation Act for an...
Small Business Insurtech Huckleberry to Offer Pandemic Business Interruption Plan
Dec 3 2020 // Huckleberry, a small business insurance purchasing platform, has launched a new offering designed for small businesses impacted by pandemic-related stressors and costs. The Pandemic Business Interruption plan will be...
U.S. Employers Have Right to Mandate COVID-19 Vaccine. But Will They?
Dec 3 2020 // Private U.S. companies have the right under the law to require employees to get vaccinated against COVID-19, but are unlikely to do so because of the risks of legal and cultural backlash, experts said. Companies are still...
California Will Provide $500M in Virus Aid for Small Businesses
Dec 2 2020 // California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions, Gov. Gavin Newsom announced Monday. The tax measures include a three-month...
Crest Insurance in Arizona Adds Sunbelt’s Bouve as Commercial Broker
Nov 25 2020 // Crest Insurance Group LLC of Scottsdale, Ariz., has added Taylor Bouve as a commercial broker. Bouve has more than six years of experience in insurance. He was previously an account executive at Sunbelt Insurance Holdings...
Louisiana Virus Aid Funds Run Low with Small Business, Local Requests Unmet
Nov 24 2020 // Louisiana will run out of federal coronavirus money before it pays out grants to all eligible small businesses and local government agencies seeking dollars from COVID-19 aid programs created by Gov. John Bel Edwards and...
Chief Actuary Antonello to Be Next CEO of Employers Holdings
Nov 20 2020 // Small business workers’ compensation insurance specialist Employers Holdings Inc. has named Katherine H. Antonello as its president and chief executive officer. She will take over upon the retirement of Douglas D....
HSB Canada Launches ‘Sensor Systems by HSB’ to Help Cut Commercial Water Claims
Nov 19 2020 // HSB Canada, part of Munich Re, has introduced “Sensor Systems by HSB,” a turnkey solution to help insureds reduce common property claims. The program monitors, predicts and alerts customers to risk events...
Risk Placement Services Launches Online Commercial Crime Product
Nov 16 2020 // E&S wholesale broker and managing general agency Risk Placement Services has launched a commercial crime insurance product to cover losses resulting from fraud committed by internal and external parties. Available to...
Texas Automobile Insurance Plan’s 4.8% Commercial Auto Rate Hike Approved
Nov 16 2020 // The Texas Department of Insurance (TDI) has approved the request by the Texas Automobile Insurance Plan Association (TAIPA) for a 4.8% increase in commercial auto rates, with an effective date of March 1, 2021. TAIPA...
COVID-19 and Workers’ Comp a Moving Target, But Some Certainties Exist for Employers
Nov 16 2020 // This year could be the most controversial rate recommendation in the 107-year history of the California workers’ compensation system. Why? Because we are dealing with a virus we’ve never experienced before. The...
Sexual Harassment in the Workplace
Nov 16 2020 // More than seven in 10 people who experienced workplace sex harassment faced some form of retaliation — including termination, being sued for defamation and denial of promotions, according to a recent report. More...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
Nov 16 2020 // Global commercial insurance pricing rocketed 20% higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the largest...
Markets/Coverages: Slice Labs, AXIS Insurance to Offer Home Based Business Coverage
Nov 13 2020 // Slice Labs Inc. and AXIS Insurance have partnered to distribute AXIS Home Based Business insurance, an on-demand digital commercial insurance product designed for home businesses not covered by traditional homeowners...
Employers Facing Wave of Lawsuits by Parents Fired During Pandemic
Nov 12 2020 // Parents who’ve lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since March, working...
