commercial News

The United States Saw 11 Natural Disaster Events That Exceeded $1 Billion in Damage During 2018

This post is part of a series sponsored by CoreLogic. When it comes to natural disasters, 2018 was an eventful year worldwide. Typhoons devastated the Philippines, Hong Kong, Japan and Oman. Earthquakes caused mass casualties in Indonesia, business interruption in …

The Main Street America Group Expands Commercial Products into Wisconsin

The Main Street America Group has introduced its commercial product line, featuring its Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super regional property/casualty insurance carrier’s Austin Mutual Insurance Co. throughout the state of …

Bolt, Aon Affinity to Offer New Online Small Commercial Program to NFIB Members

BOLT Solutions, Inc. has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to provide the National Federation of Independent Business (NFIB) with a new online small commercial program for its members. …

ACE Appoints Page Division President for Int’l. Personal & Business Operations

The ACE Group announced that Darryl Page has been named Division President, International Personal and Business Insurance. He will lead ACE’s personal lines and small and mid-size commercial insurance operations in Asia Pacific and Japan, Latin America, and Europe, the …

RSA Acquires Quebec Insurer L’Union Canadienne

RSA announced that it has acquired L’Union Canadienne, Compagnie d’Assurances from Co-operators General Insurance Company, subject to regulatory approval. “L’Union Canadienne is the third largest intermediated Motor and Property insurer in Quebec, distributing products through a network of more than …

JLT in Tie-up with Spanish Commercial Broker Unipsa

The UK-based Jardine Lloyd Thompson Group plc announced that it will combine its existing Spanish retail brokerage business, JLT-SIACI Espana S.L., with the business of March – Unipsa Correduria de Seguros, S.A.U., the fourth largest commercial insurance broker in Spain …

Ohio Cycle Bar Puts Party on the Road; $2M Insurance Policy Helps

As the peculiar yellow vehicle moved into the Short North neighborhood north of downtown Columbus, Ohio, bewildered pedestrians stopped in their tracks, fumbling for their cellphone cameras. Drivers honked car horns and gave thumbs-up signs out the windows. A dog …

All Risks’ Quick Quoting Division Adds Western Contractor Market

The Quick Quoting Division of All Risks, Ltd. will offer 15% commission with a new A. M. Best “A” rated market, which provides general liability coverage for artisan contractors and general contractors on the West Coast. This platform provides quotes …

Fire at University of North Dakota Arena Causes $1.5M Damage

Authorities in Grand Forks say a small fire at the University of North Dakota’s Ralph Engelstad Arena was quickly extinguished but caused about $1.5 million in damage. UND police noticed burning material in the upper catwalk around 1 p.m. Sunday, …

Travelers Bond & Financial Launches CyberRisk Product

Travelers has unveiled CyberRisk, a new product from Travelers Bond & Financial Products meant to limit client cyber exposures and managing associated risks. “Cyber risks leave businesses exposed regardless of size, industry or track record,” said Jason Glasgow, CyberRisk product …