commercial insurance News

Indiana Farmers Insurance Will Enter Ohio in 2021

Indiana Farmers Insurance plans to enter the Ohio property/casualty insurance market this year. The Carmel, Indiana-based company, which distributes its products through independent insurance agents, will write commercial lines and farm insurance in Ohio. “In 2019, we successfully took our …

New Jersey Man Charged with Insurance Fraud for Rate Evasion After Van Accident

A New Jersey man has been charged with insurance fraud after an investigation revealed he failed to pay the correct premiums to insure his commercial vehicle and deprived his employees of proper insurance coverage. Passaic County Prosecutor Camelia M. Valdes …

Zurich Promotes Signorelli to CEO of Commercial Insurance

Zurich Insurance Group has appointed Sierra Signorelli, currently group chief underwriting officer, to the role of chief executive officer for Commercial Insurance and as a member of the executive committee with immediate effect. Signorelli succeeds James Shea, who has decided …

BTIS to Automate Distribution with IVANS

Commercial lines insurer to automate appetite communications and market products directly in agencies’ daily workflows TAMPA, Fla. – January 27, 2021 – IVANS®, a division of Applied Systems®, today announced that BTIS, a leading insurance intermediary Amynta Group company focused …

NOW Insurance, Targeting Small Business, Professionals, Closes on $2.5M Seed Round

Houston-based NOW Insurance, an AI-enabled insurance platform aimed at matching small business owners and professionals with commercial insurance coverage plans, has secured another $1.25 million in seed funding led by The MFO Group, bringing its total funding amount to $2.5 …

Fire Officials: Blaze That Destroyed St. Paul Hotel Project Was Arson

Investigators have determined a massive blaze that destroyed a hotel project under construction in downtown St. Paul, Minn., last week was arson. The federal Bureau of Alcohol, Tobacco, Firearms and Explosives announced that determination on Aug. 11, along with the …

Michigan Suit Says Insurer Owes Commercial Premium Refund Due to Virus

In a class action lawsuit, a Michigan restaurant and bar has challenged its insurer over commercial policy premium payments that covered the time it was forced to shut down during the COVID-19 pandemic. The lawsuit requests premium refunds and other …

FCCI Insurance Group to Begin Writing Commercial Insurance in Pennsylvania

Sarasota, Florida-based property and casualty insurer FCCI Insurance Group (FCCI) is expanding its geographic reach, announcing it will begin writing commercial insurance in the state of Pennsylvania as of September 1, 2020. The Pennsylvania operations will be coordinated through FCCI’s …

Washington Commissioner Urges Firms Damaged During Riots to File Claims ASAP

Washington Insurance Commissioner Mike Kreidler is advising Washington state business owners who have experienced damage during protests to contact their insurance companies as soon as possible. Damage to businesses and commercial properties caused by theft and vandalism, including fires, should …

Massive Iowa Construction Site Fire Fueled by High Winds

High winds hampered firefighters’ efforts to extinguish a fire at a huge assisted living complex under construction in West Des Moines, Iowa, officials said. The four-alarm fire was reported around 6 p.m. Monday, the Des Moines Register reported. Fire officials …