Latest Business Owner Policy Headlines
All the headlines from our Business Owner Policy Topic Page, ordered by recency.
How to Help Small Businesses Avoid Underinsurance and Anticipate the Unexpected
Apr 16 2012 // In recent years, the United States has been impacted by devastating weather events, many unprecedented and unexpected. According to the Environment America Research and Policy Center, more than 15 million Americans live in...
Main Street America Rolls Out Commercial Product Line in Oklahoma
Apr 11 2012 // The Main Street America Group has introduced its commercial product line, including its main line business owners policy (Main Line BOP), to approximately 100 independent agents who represent the super-regional...
Fact or Fiction? Insurance Tidbits of Known and Little-Known Information
Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...
Main Street America Introduces Commercial Product Line in Indiana
Oct 6 2011 // The Main Street America Group announced that its commercial product line, featuring its Main Line Business Owners Policy (Main Line BOP), is now available to approximately 100 independent insurance agents who represent...
Agents Say Insurers Out of Touch with Needs of Small Businesses
Aug 11 2011 // Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one, carriers have been busy coming out with new products and coverage enhancements for...
NetRate Systems Introduces Businessowners Rate-Issue System for MGA’s and Carriers
Aug 1 2011 // Okemos, MI August 1, 2011 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of a new, high-powered...
Hiscox Launches Small Business Coverage in Ariz., Calif., N.Y.
Jun 2 2011 // Hiscox has introduced their business owners policy (BOP) offering in Arizona, California and New York, with coverage in additional states planned for later this year. The business owner’s insurance package (BOP)...
Golden Eagle Expands Small Business BOP Product
Apr 18 2011 // Golden Eagle Insurance, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of more than 60 business classes to its Commercial Protector BOP product. The majority of...
Mood on Main Street: How Recession Changed Insurance Buying Habits
Feb 15 2011 // The recession has taken its toll on contractors, restaurants, retailers, small manufacturers and other Main Street business around the country and most of the survivors are not going to soon forget the pain of the past few...
Correction: Zurich BOP Off 13% for 2010 at $4.9 Billion
Feb 11 2011 // In the Feb. 10, 2011, article regarding Zurich Financial Services’ results for the year ended Dec. 31, 2010, Insurance Journal incorrectly stated information regarding the Farmers Exchanges, which are managed but not...
Zurich BOP off 13% for 2010 at $4.9 Bn; Net Income $3.4 Bn
Feb 10 2011 // Zurich Financial Services Group reported a business operating profit (BOP) of $4.9 billion, a 13 percent decline, and net income of $3.4 billion for the year ended Dec. 31, 2010. The company said the results reflected...
The Mood On Main Street
Feb 7 2011 // Has the recession changed how small business feels about insurance? The recession has taken its toll on contractors, restaurants, retailers, small manufacturers and other Main Street business around the country and most of...
Predictive Modeling Improving Insurers’ Bottom Lines, Market Share
Feb 2 2011 // Property/casualty insurance carriers currently utilizing predictive modeling continue to see their bottom lines improve and almost 4 out of 10 say it has helped them increase market share. For this and other reasons,...
GUARD Introduces BOP in Georgia
Jan 10 2011 // GUARD Insurance Group has begun offering businessowner’s policy (BOP) coverage in Georgia. This new line complements the company’s traditional specialty – workers’ compensation insurance for small-...
Massachusetts Court: No Coverage for Lost Rent at Foreclosed Building
Aug 16 2010 // A mortgagee that foreclosed on a fire-damaged apartment building in Massachusetts cannot recoup lost rent under a business owner’s policy, the state’s Appeals Court has ruled. The case centered on a lawsuit...
Farmers Introduces Institutional Business Owners Policy Through Texas Agents
Jul 7 2010 // Farmers Group of Cos. has introduced an institutional business owners policy (iBOP) for institutions across America, which will be offered by Farmers agents in Texas. iBOP is designed to serve a spectrum of religious...
The Competitive Advantage: Opportunity Knocks
Jun 11 2010 // When I first started as an underwriter a few decades ago, I was truly amazed at the coverage knowledge so many of the older underwriters had. The most remarkable underwriters knew their stuff. They were great resources for...
The Competitive Advantage: Opportunity Knocks
May 17 2010 // Coverage, Underwriting Knowledge Have Become More Powerful Tools in Today’s Market When I first started as an underwriter a few decades ago, I was truly amazed at the coverage knowledge so many of the older...
Gray-Stone & Co. Adds New Commercial Package Policy
Feb 5 2010 // Thousand Oaks, Calif.-based Gray-Stone & Co. is offering a new commercial package policy for California. Written on admitted paper, the carrier is rated “A-” XI by A.M. Best. The commercial package policy...
Main Street America Launches New Business Owners Policy
Feb 1 2010 // The Main Street America Group launched its new Main Line Business Owners Policy (BOP) property and liability product. The insurer also launched Main Street Station for commercial lines quoting and policy issuance system in...
