Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Markets/Coverages: Berkley Select Enhances Middle Market Lawyers Pro Liability Coverage
Apr 6 2023 // To address the growing risks faced by middle market law firms, Berkley Select said it enhanced its lawyers professional liability (LPL) offerings, adding new coverages, more flexible policy forms and expanded...
The Underwriter’s Edge: Using Data & Technology to Discover What’s Possible in Commercial P&C Insurance
Apr 3 2023 // This post is part of a series sponsored by Insurance Quantified. Underwriting commercial P&C insurance is complex – each industry looks different, small businesses are different than medium-sized ones, and each...
Small Business Gap
Apr 3 2023 // There appears to be a large gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and coverage. That’s according to data...
U.S. Commercial Rates Increased in Q4 — But at Slower Pace: WTW
Apr 3 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Workplace Shootings Are on The Rise; Here’s How the Insurance Industry Can Respond
Apr 3 2023 // Tragically, active shooter incidents are on the rise across the country. According to the Gun Violence Archive, more than 100 mass shootings have occurred in the U.S. in 2023 alone. News organizations have reported that...
Hard Commercial Property Market to Linger as Property Owners Take On More Risk
Apr 3 2023 // Today’s hard U.S. commercial property insurance market — one that is the longest and toughest seen during the careers of even the most seasoned industry veterans — is likely here to stay for a...
California Commissioner and FAIR Plan Agree to up Commercial Coverage to $20M
Mar 30 2023 // California Insurance Commissioner Ricardo Lara and the California FAIR Plan Association agreed to more than double its existing commercial coverage limits to $20 million for businesses unable to find coverage in the normal...
U.S. Employers Must Be Careful in Drafting Severance Agreements, Labor Board Warns
Mar 23 2023 // A recent U.S. labor board ruling limiting what employers can include in severance agreements is a reminder that companies must be careful not to ask workers to sign away their rights, the agency’s top prosecutor said...
Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB
Mar 20 2023 // Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according to a...
Looking for a meaningful and impactful career? Commercial insurance may be the answer.
Mar 17 2023 // This post is part of a series sponsored by IAT Insurance Group. As today’s workforce seeks to partner with organizations that reflect their values, commercial insurance emerges as the unsuspected dark horse. Yeah,...
People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business
Mar 16 2023 // QBE North America Promotes Foley to President of Commercial Insurance QBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the...
Survey: Insurance Often a Blind Spot for Small Businesses
Mar 16 2023 // Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and...
Specialist Risk Group Acquires Mid-Market Commercial Broker Consort Insurance
Mar 14 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of mid-market commercial broker Consort Insurance, subject to regulatory approval. Financial details of the deal were not...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
Mar 14 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Another State, Tennessee, Moves to Authorize Family Leave Insurance for Employers
Mar 10 2023 // A Tennessee lawmaker wants insurance carriers to offer paid family leave insurance as a way to make time off more affordable for employers. House Bill 609, sponsored by state Rep. David Hawk, R-Greenville, would establish...
OSHA Cites Long Island Thermometer Maker Over Mercury Exposure in Workplace
Mar 10 2023 // Federal workplace safety inspectors have cited a New York thermometer manufacturer for overexposing its employees to mercury at its West Babylon facility. Occupational Safety and Health Administration (OSHA) inspectors...
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business
Mar 10 2023 // Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global Corporate & Specialty...
Head of UK Employer Group CBI Steps Aside Over Allegations
Mar 7 2023 // The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body conducted a review into his behavior. The CBI said it had already conducted an internal...
How Insurers Can Help Small Businesses Grow and Prosper
Mar 6 2023 // The past three years taught business owners resilience and adaptability. This is especially true for small businesses faced with the unique challenges of the pandemic, inflation, and the Great Resignation. But the pandemic...
From Cyber to Lease Protection, Many Small Businesses and Agencies Are Woefully Unprepared
Mar 6 2023 // Lisa Parry Becker, vice president of an independent insurance agency in Langhorne, Pennsylvania, recounted a computer hacking incident a longtime client suffered recently. It sounds almost like a thriller novel, with a...
