Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Feds Probing Indiana’s Workplace Safety Agency
Apr 15 2013 // The federal government’s workplace safety agency is investigating its Indiana counterpart – a department that documents indicate is trying to boost its inspections without hiring new staffers. The Indianapolis...
What to Expect in Commercial Insurance Prices for Remainder of 2013: Willis
Apr 10 2013 // Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see slight...
Cuomo: Workers’ Comp Reform to Bring $800M Savings to N.Y. Employers
Apr 10 2013 // New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ compensation system that were included in the recently...
New Workers’ Compensation Formula Lowers Premiums for Most Employers
Apr 9 2013 // A reworking of a key piece of the workers’ compensation rating formula isn’t changing rates overall but is changing premiums for most insureds, according to experts. Tony DiDonato, director and senior actuary...
Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout
Apr 5 2013 // Commercial insurance rates were up about five percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest...
Iowa Senate Panel OKs Small Business Health Coverage Tax Incentive
Apr 5 2013 // An Iowa Senate panel approved a bill that would give a new income tax break to small businesses if they cover part of their employees’ health insurance. The measure passed a Senate Ways and Means subcommittee with...
Gowrie Group in Connecticut Appoints Commercial Lines Account Executive
Apr 4 2013 // Gowrie Group, an independent insurance agency based in Westbrook, Conn., appointed Kristen Lincoln as an account executive within the firm’s commercial insurance department. Gowrie Group said Lincoln brings to the...
Florida Insurers, Employers Scrambling After Court Ruling on Workers’ Compensation Benefit
Mar 25 2013 // A Florida district court judge’s ruling that declared unconstitutional a 104-week limitation on injured workers’ temporary benefits left insurers and employers scrambling to come up with a legislative...
Arkansas House Panel OKs Small Business Financing Bill
Mar 22 2013 // An Arkansas House committee has advanced a proposal to establish a new economic development program in the state aimed at driving private investment to small businesses. The House Economic Development Committee unanimously...
Judge Awards Ohio Employers $860M for Workers’ Comp Overcharges
Mar 22 2013 // Ohio employers are collectively owed $860 million after being overcharged for nearly a decade by the state insurance fund for injured workers, a Cleveland judge has ruled. Cuyahoga County Common Pleas Judge Richard...
Arkansas House Panel Considers Small Business Tax Credit Bill
Mar 21 2013 // Arkansas lawmakers are considering a proposal to create a new tax credit to spur private investment of small businesses. A bipartisan proposal that would allow the Arkansas Economic Commission to issue tax credits in order...
ACE Launches Portal for Placing U.S. Small Business International Policies
Mar 21 2013 // ACE Commercial Risk Services, the U.S.-based small business insurance division of the ACE Group, has introduced a portal for U.S. brokers working with small- to-mid-sized U.S.-based companies doing business overseas. The...
Aon’s New York Office Appoints Middle-Market Sales Leader
Mar 19 2013 // Aon plc, a global provider of risk management, insurance and reinsurance brokerage, and HR consulting and outsourcing services, announced the addition of Vincent Gandolfo as middle-market sales leader for the Greater New...
Commercial Insurance Prices Up 7% in Q4 2012: Towers Watson
Mar 11 2013 // Commercial insurance prices rose by almost seven percent in aggregate during the fourth quarter of 2012, marking the eighth consecutive quarter of price increases and the fourth showing increases across every line...
Snapshot: Who Are America’s Small Business Entrepreneurs?
Mar 11 2013 // About one-third of America’s entrepreneurs are women, many are between the ages of 30 and 49, and 60 percent spent more than six months working on their business idea before forming their entity. More than four out...
No Quick Savings from Workplace Wellness for Employers: Study
Mar 8 2013 // Your bosses want you to eat your broccoli, hit the treadmill and pledge you’ll never puff on a cigarette. But a new study raises doubts that workplace wellness programs save the company money. In what’s being...
Marsh Creates Large, Mid-Size Corporate Division in UK & Ireland
Mar 7 2013 // Marsh has announced a new corporate division within its UK & Ireland business. Bringing together its National Corporate and Risk Management Practices across the region as well as Marsh Risk Consulting, the corporate...
Large Employers to Keep Health Insurance Benefit for Now: Survey
Mar 7 2013 // Most large employers don’t expect to send their full-time employees to government health exchanges for insurance during the next five years, but some retirees and part-time workers will end up there, a new survey has...
Maine’s Cross Insurance Appoints Vice President of Commercial Lines
Mar 6 2013 // Cross Insurance, a subsidiary of Bangor, Maine-based Cross Financial Corp. and one of the largest independent insurance providers in New England, hired Michael Dufour as vice president of commercial lines at the...
Small Businesses Hit With Data Breach Often Fail to Notify Customers: Survey
Mar 6 2013 // While more than half the U.S. small businesses experienced at least one data breach, just one-third of those firms notified individuals that their personal information had been compromised, a new survey...
