Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey
Dec 28 2012 // The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price increases, or both, according to a new survey. Still, the survey of risk managers and...
U.S. Apppeals Court Revives Workplace Cybertheft Claim
Dec 27 2012 // In a decision that could make it easier for businesses to police cybertheft in the workplace, a U.S. appeals court revived a chemical company’s lawsuit accusing a former Toronto-area employee of using her home...
Workplace Deaths Rise In North Dakota Oil Patch
Dec 26 2012 // North Dakota’s workers’ compensation agency is offering safety training to companies in the state’s booming oil patch, an effort to decrease job-related deaths and injuries happening most often to...
Montana Company Accused of Workplace Safety Hazards
Dec 26 2012 // Federal safety regulators have proposed $75,600 in penalties for a Montana manufacturing company over alleged workplace hazards. The Occupational Safety and Health Administration said Fiberglass Structures, Inc. of Laurel...
NIP Launches Business Insurance Program for Restaurant Industry
Dec 19 2012 // NIP Programs — a division of Woodbridge, N.J.-based NIP Group Inc. that designs and manages specialty business insurance programs — introduced a business insurance program targeting owners and operators of...
Foremost Insurance to Take Over Zurich’s Small Business Insurance Program
Dec 18 2012 // Beginning January 2013, Foremost will introduce business insurance into its portfolio of products. Foremost is a part of the Farmers Insurance Group of Companies. Zurich North America is ending the Zurich Small Business...
Conn.-Based Business Risk Partners Appoints Senior Underwriter
Dec 14 2012 // Business Risk Partners (BRP), a Windsor, Conn.-based managing general underwriter, appointed Jayne Downey as a senior underwriter overseeing the firm’s technology errors-and-omissions (E&O) and data...
Hiscox, Rocket Lawyer Partner to Provide Resources to Small Businesses
Dec 12 2012 // Hiscox has partnered with Rocket Lawyer, an online legal service, to provide small businesses with both insurance and legal advice. In addition to Hiscox’s insurance policies for small businesses, Hiscox customers...
Main Street America Launches Commercial Lines in Mississippi
Dec 12 2012 // The Main Street America Group has announced it will start offering commercial line products in Mississippi through 50 independent agents that represent the insurer’s affiliate, Grain Dealers Mutual Insurance Co. The...
Commercial Insurers Continue Raising Rates, Improve Loss Ratios: Towers Watson
Dec 10 2012 // Commercial insurance prices in aggregate increased by six percent during the third quarter of 2012, the seventh consecutive quarter that aggregate prices for all commercial lines rose. The latest Commercial Lines Insurance...
Texas Legislator: Extend Tax Break for Small Businesses
Dec 7 2012 // Texas state Rep. Harvey Hilderbran, of Kerrville, has filed legislation to promote small business development in Texas by permanently extending a tax exemption for companies that earn less than $1 million a year. In 2009,...
Commercial Lines Rates Up 5% in November: MarketScout
Dec 6 2012 // The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout’s Commercial Lines Market Barometer,...
Small Business Owners Face Health Insurance Dilemma
Dec 6 2012 // Rose Wang looks at her staff of 70 employees and wonders if she’ll have to lay off some of them to comply with the health care law. The owner of Binary Group Inc., an information technology firm based in Alexandria,...
Employers Hopeful for California Workers’ Comp Reform
Dec 3 2012 // Editor’s Note: This is the third in a series of articles to look at California’s workers’ compensation reform law in detail and what must be done to implement that law by Jan. 1, 2013. Looking forward...
Heffernan’s N.Y. Branch Names Director of Commercial Lines & Marketing
Nov 30 2012 // California-based Heffernan Insurance Brokers recently hired Jason C. Cavallo to join its New York office as director of commercial lines and marketing, focusing on new business development and management of commercial...
GEICO to Offer Commercial Auto Coverage Direct to Customers in Georgia
Nov 27 2012 // Business owners in Georgia can now purchase commercial auto insurance directly from GEICO. By purchasing commercial coverage directly through the company, business owners can see significantly lower premium rates....
Ohio Work Comp Bureau Launches Online Tool to Assist Employers
Nov 27 2012 // The Ohio Bureau of Workers’ Compensation (BWC) announced a new online tool that makes it easier for employers to navigate and manage the details of their workers’ compensation insurance policy. My Policy Page...
Cargill Meat Solutions Fined $114K for Workplace Hazards
Nov 20 2012 // The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Cargill Meat Solutions Corp. with three safety violations for failing to protect workers from unexpected start-up of machines at...
Court: Illinois Teen Eligible for UIM Coverage Under Dad’s Business Auto Policy
Nov 19 2012 // A teen injured in a car wreck is entitled to underinsured motorist coverage (UIM) under her father’s business auto policy even though the vehicle she was riding in was not a listed vehicle on the policy, according to...
West Virginia Employers Seek Solutions for Drugs in Workplace
Nov 19 2012 // They might have red eyes and constricted pupils. They might be nodding off at their desk, if they show up at all. They might not be as certain as they should with a heavy piece of machinery, or maybe have let their...
