Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Small Businesses Hampered by Uninsured Losses After 2017 Hurricanes: Fed Reserve
May 7 2018 // Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires in 2017, according to a Federal Reserve survey published in April. The...
Texas Mutual to Distribute $280M in Dividends to Employers
May 3 2018 // Texas Mutual Insurance Company, which provides workers’ compensation coverage to more than 70,000 business owners and 1.4 million employees, announced it will distribute $280 million in dividends in 2018. Nearly 75...
Aon Appoints Lambrou Global Chief Commercial Officer, CEO of Global Specialties
May 2 2018 // Global insurance broker Aon announced the appointment of Lambros Lambrou to the new role of global chief commercial officer and CEO of Global Specialties for the firm’s commercial risk business. Lambrou has worked...
The Hartford Reports Big Profit Gain in Q1; Record New Commercial Business
May 2 2018 // The Hartford reported a big rise in net income for the 2018 first quarter, crediting improved overall underwriting results, lower catastrophe losses, a boost in net investment income and tax reform. Net income for the...
Amazon, Lowe’s, Tesla Make ‘Dirty Dozen’ Unsafe Workplace List
May 2 2018 // Amazon, Lowe’s and Tesla are among the firms on a list of employers with unsafe workplaces published by a federation of labor, health and safety groups. The National Council for Occupational Safety and Health...
N.J. Manufacturer Faces More Than $435K in Penalties for Workplace Safety Failures
Apr 27 2018 // New Jersey plastics manufacturer Douglas Stephen Plastics Inc. has been cited for exposing employees to safety and health hazards at its Paterson, N.J., facility and faces penalties of $435,679. The U.S. Department of...
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...
