Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
People Moves: Risk Strategies Names Bagwell Commercial Lines Leader in West
Jul 22 2024 // Risk Strategies named Troy Bagwell commercial lines leader for the West region. Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty...
Commercial Auto Insurance Profit Struggles Continue
Jul 15 2024 // The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has...
Cal/OSHA Board Adopts Workplace Standard for Indoor Heat
Jul 15 2024 // A California workplace safety oversight board adopted a new standard for indoor workplaces to enact safety measures when the temperature reaches 87°F. The Occupational Safety and Health Standards Board approved an indoor...
Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut
Jul 12 2024 // In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review. Citing compliance issues, Insurance Commissioner Andrew...
People Moves: AXA XL Appoints Madigan CUO for Mid-Market Environmental; Edsall Joins Tara Hill as SVP
Jul 12 2024 // Joseph Madigan AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business for the middle market. Madigan joined AXA...
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
Jul 9 2024 // It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief...
As AI Gains Workplace Foothold, States Try to Make Sure Workers Aren’t Left Behind
Jul 5 2024 // With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming...
Supreme Court Rejects Challenge to Workplace Safety Agency
Jul 2 2024 // The U.S. Supreme Court declined on Tuesday to hear a challenge by an Ohio company to the power of the federal workplace safety regulator as the justices avoided another legal effort to pare back the authority of federal...
Are Employers Prepared for California’s Workplace Violence Prevention Law?
Jul 1 2024 // California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the state to implement robust workplace violence prevention plans. SB 553, which...
Business Liability Claims Litigation Jumped in 2023: Lex Machina
Jul 1 2024 // After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023, according to a litigation report from Lex Machina. The report found that 3,596 business...
Vacant Commercial Property Owners Face Sidewalk Liability in New Jersey
Jul 1 2024 // The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good...
Apple Unfairly Fired UK Worker Who Was Part Toxic Workplace Culture, Judge Says
Jun 26 2024 // Apple Inc. unfairly fired an employee for making racist comments that were part of a toxic workplace culture at one of its London stores, according to a UK court ruling. Apple’s investigation, before firing Timothy...
Cal/OSHA Board Adopts Workplace Standard for Indoor Heat
Jun 25 2024 // A California workplace safety oversight board adopted a new standard for indoor workplaces to enact safety measures when the temperature reaches 87°F. The Occupational Safety and Health Standards Board approved an indoor...
Risk & Insurance Education Alliance Wins Business Insurance 2024 Innovation Award
Jun 23 2024 // June 21, 2024 – The Risk & Insurance Education Alliance, formerly known as the National Alliance for Insurance Education & Research, is proud to announce it has been honored with a Business Insurance 2024...
City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment
Jun 20 2024 // Hundreds of UK banks, brokers and insurers missed a deadline to respond to the financial watchdog’s survey on sexual harassment and bullying in the City, suggesting that firms are struggling to grasp the scale of the...
QBE to Non-Renew $500M of North American Mid-Market Biz
Jun 19 2024 // QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. Three core businesses...
Uninsured Roofing Firm Owner Sentenced for Attempted Cover-Up of Workplace Death
Jun 19 2024 // The owner of a New York roofing company has been sentenced for attempting to cover up an employee’s on-the-job death. Law enforcement investigators determined that Jeremiah Wiedemann, owner of Wiedemann Sons Roofing,...
Vacant Commercial Property Owners Face Sidewalk Liability: New Jersey Supreme Court
Jun 17 2024 // The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good...
Business Liability Claims Litigation Jumped in 2023: Lex Machina
Jun 17 2024 // After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023, according to a litigation report from Lex Machina. The report found that 3,596 business...
Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns
Jun 17 2024 // Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled by factors such as AI, climate change, nuclear verdicts and political...
