Most Popular Business Insurance Headlines This Year
The most viewed headlines from our Business Insurance Topic Page over the last year.
#1 Aon to Buy Middle-Market Broker NFP for $13.4 Billion
Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment. The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...
#2 Nationwide E&S Exits Commercial Auto Effective July 15
Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...
#3 Ohio Manufacturer Fined $314K Following Fatal Workplace Incident
Apr 23 2024 // An Ohio subsidiary of one of the world’s largest automotive suppliers could have prevented a 26-year-old employee in Franklin from being fatally crushed in October 2023 if the company had provided proper machine...
#4 Commercial Property Premiums Up Over 20% to Start 2023: CIAB
May 18 2023 // Commercial property premiums increased more in the first quarter than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%, according...
#5 Workers’ Compensation Undercuts Employer Liability Exclusion, U.S. Appeals Court Rules
Jul 11 2023 // Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the...
#6 Employer Can’t Deny Comp Claim in Shooting Then Argue Immunity, Court Says
Apr 26 2024 // An employer cannot deny a workers’ compensation claim on the grounds that a shooting injury was not work-related then turn around and argue it has immunity from a tort lawsuit because the incident happened at work, a...
#7 Commercial Auto Up Against Persistent Headwinds to Underwriting Profit
Oct 4 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the...
#8 Aon Completes $13B Acquisition of Middle-Market Broker NFP
Apr 26 2024 // Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. Closing was earlier than...
#9 Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says
Dec 22 2023 // A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were...
#10 Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
Feb 1 2024 // The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the...
#11 Kellogg’s ‘Woke’ Workplace Diversity Programs Are Illegal, Group Claims
Aug 10 2023 // A conservative legal group on Wednesday urged a U.S. anti-discrimination agency to investigate Kellogg over workplace diversity policies that it says are unlawful, and accused the cereal maker of sexualizing its...
#12 Commercial Property Rates Not Expected to Increase at Same Pace as 2023: USI
Jan 16 2024 // A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates “are expected to increase, but not at the same pace as seen in 2023.” “Our forecast calls for 5% to 15% rate...
#13 The Hartford Q3 Income Jumps 93% on Commercial Lines Results
Oct 27 2023 // The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment. The Hartford, Connecticut-based insurer said third quarter net income in commercial lines...
#14 ChatGPT Fever Spreads to US Workplace, Sounding Alarm for Some
Aug 14 2023 // Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are...
#15 Hartford Q1 Income Up 41% on Commercial Lines as Auto Results Improve
Apr 29 2024 // The Hartford CEO Christopher Swift told analysts late last week that the insurer’s first quarter results included “progress toward restoring targeted profitability in auto” as it turned in an improved...
#16 Chubb: Middle Market Companies Post Record Gains
Mar 26 2024 // Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last...
#17 ‘Dirty Dozen’ Unsafe Employers Putting Workers at Risk
May 1 2024 // A retail giant, a space launch operation, a major food processor, the nation’s two biggest rideshare providers and a large healthcare system are among those entities marked as being among the most unsafe...
#18 25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey
Mar 4 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of...
#19 California Insurance Agent Arraigned for Allegedly Stealing from Small Business Owners
Oct 24 2023 // Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation found she allegedly stole more than $62,000...
#20 Small Business Market: Rising Costs, Hard Market but Hope for New Opportunities
Mar 4 2024 // There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported...
