Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
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...
What Drives Satisfaction in Large Commercial Insurance Market?: J.D. Power
Dec 19 2016 // The profitability of an insurance company and the quality of advice given by an insured’s insurance broker make the most difference in customer satisfaction for commercial insurance, a new study revealed. According...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 19 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
Next Insurance, Munich Re to Offer Coverage for Commercial Photographers
Dec 14 2016 // Next Insurance has partnered with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online. According to a 2016 report by McKinsey & Co, the small...
State Marijuana Laws Are Changing But Employer Attitudes, Federal Law Aren’t
Dec 14 2016 // Changing marijuana laws aren’t necessarily making weed more welcome in the workplace. For now, many employers appear to be sticking with their drug testing and personal conduct policies, even in states where...
Chubb Appoints Updyke to Lead Commercial Insurance Operations
Dec 13 2016 // Chubb, the world’s largest publicly traded property and casualty insurance company, has appointed Jeffrey Updyke as regional manager for the Northeast and Mid-Atlantic Regions of the company’s commercial...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 13 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
Dual Commercial Adds Nesterenko and Lynch in California
Dec 12 2016 // DUAL Commercial has named Melanie Nesterenko and Brian Lynch to their environmental team. Nesterenko and Lynch, both senior underwriters, will be based in San Francisco, Calif. Nesterenko has more than 25 years of...
Insurers’ Financial Strength, Brokers’ Expertise Drive Satisfaction in Large Commercial Market: J.D. Power
Dec 5 2016 // The profitability of an insurance company and the quality of advice given by an insurance broker makes the most difference when it comes to customer satisfaction for commercial insurance, a new industry study...
Update: Hackers Steal $31M from Russian Central & Commercial Banks
Dec 5 2016 // Hackers stole more than 2 billion roubles ($31 million) from correspondent accounts at the Russian central bank and from accounts in commercial banks, the bank said on Friday [Dec. 2], the latest example of an escalation...
DUAL Commercial, Aspen Insurance Partner on Management Liability Program
Nov 30 2016 // DUAL Commercial, a subsidiary of the Hyperion Insurance Group Limited, has partnered with Aspen American Insurance Co., part of Aspen Insurance Holdings Limited, enabling DUAL to provide a broader management liability...
Too Often, Small Businesses Learn Insurance Lessons After Disaster Strikes
Nov 28 2016 // A fire at the gun shop next door never reached Kathy Laurienti’s sausage and specialty food store, but the water and smoke damage was enough to shut her business down. Because Laurienti didn’t have enough...
Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding
Nov 17 2016 // Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union...
