Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
OnDeck’s Hobson Named CEO of Online Small Business Insurance Platform Attune
Feb 7 2017 // Attune, the data-enabled small business platform established by American International Group, Hamilton Insurance Group and affiliates of Two Sigma Investments has named James Hobson, currently chief operating officer of...
Commercial Health Plans’ Spending on Drugs Slowed in 2016: Express Scripts
Feb 6 2017 // Express Scripts Holding Co., the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has...
P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines
Feb 6 2017 // Leaders of the property/casualty (P/C) insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber leading the way as a huge untapped market, according to an Industry...
A.M. Best Upwardly Revises Outlooks for Employers and Subsidiaries in Nevada
Jan 31 2017 // A.M. Best has revised the outlooks to stable from negative and affirmed, the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Employers Insurance Group Employers...
California Surplus Lines Are Now A Bigger Chunk of the Commercial Market
Jan 27 2017 // The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and...
New Bill Grants Bonding Assistance to Small Businesses in New Jersey
Jan 25 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Governor Chris Christie on January 4,...
P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines
Jan 25 2017 // Leaders of the property/casualty insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber a potentially huge untapped market, according to an Industry Leader Trends...
Zurich North America Names Leaders of Realigned Commercial Divisions
Jan 25 2017 // Zurich North America has announced the name of its new North America Commercial Insurance unit and leadership team. This new unit brings together the former Commercial Markets and the former Global Corporate in North...
New York Issues First-in-Nation Regulation on Commercial Crime Insurance
Jan 23 2017 // New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people...
Cost of Most Serious Workplace Injuries Falls: Liberty Mutual
Jan 20 2017 // Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers $59.9 billion in 2014, the most recent year for which statistically valid injury data are available, according to...
Universal Group Taps McCoy to Lead Arizona Business Unit
Jan 20 2017 // Universal Group LTD, based in Omaha, Neb., has named Mike McCoy as president of its newly formed business unit in Arizona. Based in Phoenix, McCoy will serve as agency principal in charge of sales and marketing for...
CNA Names Lea Vice President, Commercial Underwriting for E&O, Cyber and Media
Jan 18 2017 // CNA said it has appointed Andy Lea as vice president of commercial underwriting for Errors & Omissions (E&O), Cyber and Media in the company’s commercial unit. In this role, Lea will manage the strategic...
6 Key Trends in Workplace Litigation for 2017
Jan 13 2017 // The environment for employment litigation has more than ever been shaped by Supreme Court judges and settlements for wage and hour class actions rose in 2016 while those for other employment-related claims fell, according...
Beazley, VALE Partner on Environmental Coverage for Small, Mid-Sized Firms
Jan 9 2017 // Beazley has partnered with managing general agency VALE Insurance Partners to offer its environmental cover to US-domiciled firms with revenues of up to $15 million. VALE will offer the full suite of Beazley environmental...
Data Breach: A Wide Coverage Gap for Small Business
Jan 5 2017 // Based on what we see in the trade press, it would appear most large businesses in the U.S. are addressing their exposure to data breaches in some way. But what about the small, Main Street businesses such as those we write...
Correction: Brown & Brown’s Hull Acquires Insurance House Commercial MGA Business
Jan 3 2017 // Hull & Co., a wholesale insurance subsidiary of giant Brown & Brown, has acquired the commercial managing general agency operations of Insurance House. Insurance House is an MGA and wholesale insurance broker...
New York Issues First-in-Nation Regulation on Commercial Crime Insurance
Jan 3 2017 // New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people...
Groups Suing Seattle over Voter-approved Hotel Workplace Safety Measure
Dec 28 2016 // Seattle is being sued over a voter-approved measure requiring new workplace protections for hotel workers. The American Hotel and Lodging Association, Washington Hospitality Association and Seattle Hotel Association say...
USI Names Lang Commercial Insurance Leader in Southern California
Dec 21 2016 // USI has named Jeff Lang practice leader for the Southern California commercial insurance division. Lang is based in USI’s Woodland Hills regional office. He will focus on growth strategies, client service and...
Acrisure Acquires Alaska USA Insurance Brokers’ Commercial, Benefits Business
Dec 20 2016 // Acrisure LLC has acquired Alaska USA Insurance Brokers’ commercial insurance and employee benefits books of business. Terms of the deal were not disclosed. The new company will operate under the name Insurance...
