Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
U.S. Employers Shying Away From Using Coronavirus ‘Immunity’ Tests in Reopening
May 19 2020 // U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to the new coronavirus have...
Here’s What Happened to Commercial Insurance Renewal Premiums in April
May 14 2020 // Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers’ compensation, which saw a premium decrease, according to the April results of...
Debate Over Business Liability in Pandemic Turns to OSHA Regulation, CDC Guidelines
May 13 2020 // Congressional Republicans have made liability protection for employers a nonnegotiable demand in any new coronavirus stimulus, but Senator Lindsey Graham, an ally of President Donald Trump, says that regulators have a role...
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
Small Businesses See Coronavirus Effect Lasting 12-16 Months
May 12 2020 // Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic...
Maine’s The MEMIC Group Releases Back-to-the-Workplace Safety Guidance
May 8 2020 // As states begin to lift restrictions on employers in various segments of the economy, MEMIC, a Portland, Maine-headquartered workers’ compensation insurance specialty company, has released an employer guide for...
Brand and Waterman Appointed to New Roles in Zurich’s Commercial Insurance Team
May 8 2020 // Zurich Insurance Group announced it has appointed Ralph Brand as global head of Casualty, Financial Lines and Cyber, and Chris Waterman as global head of Property, Marine and Technical Lines. With these newly created...
LP Insurance Services Adds Woodbury to Nevada Commercial Team
May 6 2020 // LP Insurance Services LLC has added Ben Woodbury to the southern Nevada commercial sales team. Woodbury has been a licensed commercial insurance broker for nearly 20 years. He works with clients throughout Nevada to...
Louisiana’s Donelon Asks Commercial Auto Insurers to Offer COVID-19 Relief
May 6 2020 // Louisiana’s chief insurance regulator wants insurers to consider offering premium relief to their commercial auto insurance customers due to the impact of the Coronavirus pandemic. Insurance Commissioner Jim Donelon...
Neptune Doubles Lloyd’s Capacity to Expand Private, Commercial Flood Product
May 5 2020 // Neptune Flood, an online flood insurance company, has entered into strategic underwriting partnerships that double its capacity at Lloyd’s. Neptune, a Lloyd’s Coverholder since 2017, is now working with three...
Zurich North America Adds Chubb/ACE Veteran Wells as U.S. Head of Middle Market
May 4 2020 // Zurich North America has appointed Alexander Wells as U.S. head of Middle Market. He will be responsible for the strategic management and development of Zurich’s Middle Market business. Wells, who is new to Zurich,...
Trump Administration Defends Workplace Safety Record During Coronavirus Crisis
May 1 2020 // U.S. Labor Secretary Eugene Scalia on Thursday defended his department’s handling of workplace safety during the coronavirus pandemic, saying “the cop is on the beat” in response to union criticism about...
Employers Hope to Limit Liability by Catching Social Distancing Scofflaws on Video
Apr 28 2020 // Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social...
LP Insurance Services Adds McGinty to Nevada Commercial Team
Apr 24 2020 // LP Insurance Services LLC has added Lisa McGinty to its southern Nevada commercial team. McGinty has been a commercial insurance broker for more than 35 years. She previously held roles with Liberty Mutual Insurance Co.,...
Everest Insurance Promotes 4 as Regional Leaders on Commercial Casualty Team
Apr 23 2020 // Everest Insurance announced changes to the Commercial Casualty leadership team. Four underwriters across the country have been appointed leaders for the Northeast, South, Midwest and Southwest regions. Frank Engle has been...
TWFG Acquires Personal, Commercial Business of Texas’ Panoptic Insurance
Apr 21 2020 // TWFG Insurance Services LLC (TWFG) has acquired the personal and commercial insurance business of The Woodlands, Texas-based Panoptic Insurance. The acquisition is effective April 17, 2020. Panoptic Insurance,founded in...
AXA XL Forms New Leadership Team, Aims to Restructure with Regional Business Units
Apr 21 2020 // AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review. Key proposed changes to the operating model include the creation of a single global...
Layoffs, Small Business Exits Likely Major Coronavirus Effects on Workers’ Comp: NCCI
Apr 20 2020 // A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers’ compensation, a rise in business failures could pose a major challenge...
Employers May Exclude Payroll to Employees Not Working for Workers’ Comp: NCCI
Apr 20 2020 // Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation of their...
As Cyber Risks Grow, So Does the Need for Small Business Coverage
Apr 20 2020 // With cyberattacks on the rise and many small businesses unaware of the dangers, independent insurance agents are in a good position to educate clients about their risks, recommend preventative measures, and provide...
