Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Pinnacol Issues $50M in Dividends to Colorado Employers
Mar 26 2018 // Pinnacol Assurance is distributing $50 million in workers’ compensation dividend checks this month to its policyholders. Nearly 53,000 employers throughout the state will receive a dividend. Check amounts are...
Outlooks Revised to Stable for Louisiana’s Stonetrust Commercial Insurance
Mar 21 2018 // A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of workers’ compensation insurer,...
Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines
Mar 19 2018 // Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into...
Trump Administration, McDonald’s Rush to Avoid Employer Liability Trial
Mar 18 2018 // The National Labor Relations Board is ignoring its own guidelines and rushing to settle a major workplace action involving McDonald’s Corp., lawyers for employees involved in the litigation alleged. If the workers...
Starr Companies Named Commercial Insurance Company of the New York Yankees
Mar 15 2018 // Starr Companies, a global insurance and investment organization, has entered into a multi-year sponsorship agreement with the New York Yankees of Major League Baseball. This sponsorship names Starr Companies as the...
California OKs Workplace Rule to Protect Hotel Housekeepers
Mar 14 2018 // California has adopted a new workplace safety and health regulation designed to reduce work-related injuries to housekeepers in the hotel and hospitality industry. This is the first ergonomic standard in the nation written...
Starr Companies Restructures Casualty Business Units
Mar 14 2018 // Starr Companies has made organizational and leadership changes within its Casualty business units to bette aligns underwriting and risk management in the liability marketplace. Financial Lines and Professional Liability...
Large Commercial Insurance Brokers Investing in AI, Analytics: Novarica
Mar 14 2018 // Large commercial brokers transacting business with multiple carriers and distributors are seeking to differentiate themselves in a competitive marketplace through improved technology such as artificial intelligenceI,...
Commercial Insurance Prices Were Up Only Slightly in Q4
Mar 13 2018 // Prices for overall commercial insurance lines in the U.S. inched upward in the fourth quarter of 2017, although workers’ compensation and directors and officers liability prices actually declined and commercial auto...
Feds Sue Compass Group USA for Sex Discrimination, Retaliation at Texas Workplace
Mar 9 2018 // Federal officials say Morrison Management Specialists Inc., a division of Compass Group USA Inc., unlawfully denied a promotion a female employee to an open sous chef position because of her gender. The Equal Employment...
Commercial Cyber Liability Market to Reach $6.2B in Written Premium by 2020: Verisk
Mar 8 2018 // The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a market analysis. “Cyber liability risk is rapidly...
Validus Specialty Expands Commercial D&O Portfolio; Zurich’s McAdams Named Sr. U/W
Mar 8 2018 // Validus Specialty Underwriting Services Inc. announced the expansion of its product portfolio with an admitted, private company commercial directors and officers (D&O) policy. With broad coverage, the new form provides...
Helping Employers Understand Insurance Coverage for Sexual Harassment Claims
Mar 8 2018 // It’s nearly impossible to read the news these days without seeing headlines of allegations of sexual misconduct in the workplace. The news is in turn prompting employers to wonder what role, if any, insurance plays...
Coming Soon: New Global Workplace Safety Standard
Mar 7 2018 // For workplace safety professionals, March 12 is a big date. On that date, the world will learn of a new global standard for safer workplaces that has been in development for five years and involved input from more than 75...
5 Strategies for Success in Small Business Market
Mar 5 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...
Colorado Firefighter Sues Employer for Bias and Harassment
Mar 2 2018 // A Colorado firefighter has filed a lawsuit accusing her employer of gender discrimination and sexual harassment. The Grand Junction Daily Sentinel reported Jennifer Taylor, who works for Colorado River Fire Rescue, which...
Liberty Mutual Net Income Fell in 2017 Due to Catastrophes, Commercial Auto, Taxes
Feb 28 2018 // Liberty Mutual reported $17 million in net income for 2017, down substantially from more than $1 billion in 2016. The insurer pointed to catastrophe losses, adverse development in its commercial automobile business and a...
Commercial Insurance Prices Rise in Q4 2017, Reversing 4½ Years of Rate Cuts: Marsh
Feb 28 2018 // Average global insurance pricing in the fourth quarter of 2017 increased for the first time since Q1 2013, driven largely by global property insurance pricing following the third quarter’s large catastrophe losses,...
NBA Opening Hotline for Reporting Workplace Issues
Feb 26 2018 // The NBA is establishing a confidential hotline for league and team employees to report concerns about misconduct in their workplace. The move comes after a Sports Illustrated report that described a hostile environment for...
Dallas Mavericks Investigating Allegations of Hostile Workplace, Harassment
Feb 22 2018 // The Dallas Mavericks have hired outside counsel to investigate allegations of inappropriate conduct by former team president Terdema Ussery in a Sports Illustrated report that described a hostile workplace for...
