Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
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...
Firms Report Increase in False Histories of Commercial Drivers: LexisNexis
Nov 16 2012 // Employers tripled their employment verifications of commercial drivers during the first half of 2012, possibly indicating that companies are experiencing a driver shortage and are processing more applicants through...
Q&A With Attorneys on Emerging Business Insurance Topics
Nov 13 2012 // As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance...
ISO Adds Alternative Energy Classifications to Commercial Property Program
Nov 13 2012 // ISO has added new classifications to its commercial property program to account for the emergence of alternative energy sources. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. In response to...
Texas Manufacturer Faces $64K Fine for Workplace Hazards
Nov 9 2012 // A Belton, Texas-based cabinet manufacturer has been cited by federal regulators for safety violations in the workplace and faces a fine of $64,800. The U.S. Department of Labor’s Occupational Safety and Health...
Post-Sandy Snowstorm Causes New Damage, Complicates Business Insurance
Nov 8 2012 // Businesses in New York and New Jersey that were preparing insurance claims for losses from Superstorm Sandy now have a second headache: how to deal with new losses from an early winter snow storm. The snow and wind from...
West Virginia Employers Seek Solutions for Drugs in Workplace
Nov 8 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...
Louisiana Citizens Considering Commercial Property Rate Increase
Nov 7 2012 // Louisiana Citizens Property Insurance Corp.’s board is expected to approve increasing its commercial coverage rates by an average of 45.1 percent statewide this week. Almost all of Citizens’ roughly 5,700...
Hub International Acquires Canada Broker Huestis Commercial Insurance
Nov 6 2012 // Chicago-based Hub International Limited announced that it has acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a Saint John, New Brunswick, Canada-based insurance brokerage firm. Terms of the acquisition...
