Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Missouri Employers Mutual: More Businesses Injury-Free in 2017
Apr 26 2018 // Workers’ compensation insurer, Missouri Employers Mutual Insurance (MEM), says it experienced an all-time high in injury-free policyholders last year. MEM’s 2017 workplace safety data show the company increased...
Ohio Plastics Company Fined $261K for Workplace Safety Hazards
Apr 24 2018 // Federal safety regulators have cited a Bellevue, Ohio-based plastics company for multiple safety violations after an inspection found employees exposed to fall, machine, and electrical hazards. The U.S. Department of...
Business Risk Partners Teams With Aspen on Agents Professional Liability Coverage
Apr 20 2018 // Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers through Aspen American Insurance Co., part of Aspen Insurance Holdings Limited. The...
New York City Council Passes Workplace Anti-Harassment Bills
Apr 19 2018 // The New York City Council has passed 11 bills designed to strengthen workplace sexual harassment protections. According to The Wall Street Journal, Democratic Council Speaker Corey Johnson says the legislation is designed...
Small Businesses Hampered by Uninsured Damage After 2017 Hurricanes: Fed Reserve
Apr 17 2018 // Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published on Tuesday. The report...
Marsh Develops Commercial Blockchain Solution for Proof of Insurance
Apr 16 2018 // Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance. By using blockchain, or distributed ledger technology, Marsh said the certificate...
The New Small Commercial: Why Carriers Need to Better Serve ‘Small Specialty’
Apr 16 2018 // The evolution of the small businesses is creating a service challenge for independent agents and an opportunity for carriers to provide efficient and effective solutions for their agent partners by expanding their service...
New York DFS Urges Insurers to Encourage the Use of Commercial GPS
Apr 13 2018 // The New York Department of Financial Services (DFS) has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system (GPS) equipment could reduce motor vehicle collisions...
What to Expect in Commercial Insurance Pricing for Rest of 2018: WTW Spring Forecast
Apr 12 2018 // Commercial property insurance rate increases are easing off initial spikes following 2017’s record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on many lines of...
Court Rules Employers Cannot Use Salary History to Justify Gender Wage Gap
Apr 11 2018 // A U.S. appeals court on Monday ruled employers cannot use workers’ salary histories to justify gender-based pay disparities, saying that would perpetuate a wage gap that is “an embarrassing reality of our...
Reputational Damage from Fake News & Cyber Attacks Raise UK Business Risk: Report
Apr 10 2018 // Fake news threatens U.K. businesses with reputational damage as well as falling sales and share prices, adding to the growing risk from cyber attacks facing companies from local Indian restaurants to...
10% of All Workplace Fatalities Due to Homicides
Apr 9 2018 // Homicides accounted for 10 percent of all fatal occupational injuries in the United States in 2016, according to the Bureau of Labor Statistics. There were 500 workplace homicides in 2016, an increase of 83 cases from...
CyberPolicy Expands Cybersecurity Offerings for Small Businesses
Apr 6 2018 // CyberPolicy, a wholly-owned subsidiary of CoverHound Inc. that offers an online cyber insurance and security product for small businesses, has unveiled a new set of complimentary offerings to help small businesses protect...
How Predictive Analytics Boost Commercial Insurance Profits, Smooth Cycles
Apr 5 2018 // The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best says in a report. “Underwriting cycles have...
Atlanta Accountant Admits Embezzling $1.5M From Employer
Apr 3 2018 // Prosecutors say an Atlanta accountant falsified payroll records to embezzle more than $1.5 million from her employer for six years. The Atlanta Journal-Constitution quotes the U.S. Attorney’s Office as saying in a...
Pinnacol Issues $50M in Dividends to Colorado Employers
Apr 2 2018 // Pinnacol Assurance is distributing $50 million in workers’ compensation dividend checks to its policyholders. Nearly 53,000 employers throughout Colorado were to receive a dividend starting in late March. Check...
Nebraska Woman Sentenced to 10 Months for $300K-Plus Theft from Employer
Mar 29 2018 // An accountant accused of embezzling from the Nebraska Rural Electric Association has been sent to prison. Federal prosecutors say 42-year-old Sarah Batenhorst, of Lincoln, was sentenced to 10 months and ordered to pay...
Louisiana Bill Banning Forced Arbitration in Workplace Harassment Claims Fails
Mar 28 2018 // Louisiana lawmakers have jettisoned a measure that would have banned employers from requiring their workers to sign contracts that keep them from filing sexual harassment lawsuits in civil court. The House voted 50-42...
Missouri Bill Backing Workplace Arbitration Fails to Advance
Mar 27 2018 // A Missouri bill to strengthen employment contracts that require sexual harassment, discrimination and other work-related issues to be decided through arbitration has died an unusually early death that came as Congress...
Ryder Rolls Out Commercial Vehicle Sharing Program
Mar 27 2018 // The sharing economy is coming to the truck rental industry. Truck leasing and rental firm Ryder System is launching an online sharing platform that offers fleet owners with idle vehicles the opportunity to rent their...
