Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
People Moves: Aon Announces New Lineup for UK Commercial Risk Team; Zurich Appoints Seach as Group CUO, Succeeding Robinson
Oct 13 2022 // This edition of International People Moves details appointments at Aon and Zurich Insurance. Aon Announces New Lineup for UK Commercial Risk Team A summary of these new hires follows here. Insurance broker Aon plc has...
People Moves: Ryan Specialty Appoints Senior Distribution Roles; VIAA Promotes Morris to Commercial Lines Coach
Oct 12 2022 // Ryan Specialty appoints new senior distribution leadership roles within Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Illinois, has announced promotions to key new roles within the...
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
Oct 12 2022 // For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM...
People Moves: IQUW Taps Carpenter’s Fisher as President; Consilium Snags 6 for Financial Lines From Ed Broking; Aon Commercial Risk Solutions Promotes 2 in EMEA
Oct 10 2022 // This edition of International People Moves details appointments at IQUW, Consilium, and Aon Commercial Risk Solutions in EMEA. A summary of these new hires and promotions follows here. IQUW Taps Former Carpenter Exec...
Tool to Measure Workplace Mental Health Backed by 40 Corporate Partners (Including AXA, Aon)
Oct 4 2022 // A coalition of corporate, academic and nonprofit partners including Bank of America Corp. and insurer AXA SA has developed a tool that employers can use to measure and improve the mental health of their workers. The...
Small Businesses Underestimate Recovery Time, Cost of Cyberattack
Oct 3 2022 // Nationwide Agency Forward survey showed 40% of small business owners surveyed expect a cyberattack to cost less than $1,000 and another 60% think it would take less than three months to fully recover. However, Nationwide...
Oregon Hospital Issued Workplace Safety Fines
Oct 3 2022 // The Oregon State Hospital is facing a $54,000 fine for failing to investigate workplace injuries. The citation, brought by the state’s Occupational Safety and Health Administration, alleges that from January 2021 to...
Illinois Candymaker Faces $201,000 in Proposed Fines for Unsafe Workplace Exposure
Sep 29 2022 // A federal workplace safety inspection found a Chicago, Illinois-area candy manufacturer’s long history of violations for machine safety requirements continues after the company exposed workers to amputation hazards...
Acrisure Buys UK Broker CRK Commercial Insurance Services Ltd.
Sep 28 2022 // Acrisure, the fintech company that operates a top-10 global insurance broker, announced it had acquired CRK Commercial Insurance Services Ltd., the specialist commercial schemes provider. Financial details of the deal,...
Proposed Australian Law Would Make It Employers’ Job to Stop Sexual Harassment
Sep 27 2022 // New legislation introduced into Australia’s Parliament will place a “positive duty” on employers to prevent workplace sexual harassment, as part of sweeping changes to improve worker safety. Under the...
Small Businesses Underestimate Recovery Time, Cost of Cyberattack
Sep 26 2022 // Nationwide Agency Forward survey showed 40% of small business owners surveyed expect a cyberattack to cost less than $1,000 and another 60% think it would take less than three months to fully recover. However, Nationwide...
Oregon Hospital Issued Workplace Safety Fines
Sep 23 2022 // The Oregon State Hospital is facing a $54,000 fine for failing to investigate workplace injuries. The citation, brought by the state’s Occupational Safety and Health Administration, alleges that from January 2021 to...
Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk
Sep 22 2022 // Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers’ underwriters more efficiently evaluate risks for large and middle market...
Gallagher Re Taps Aon’s Bowen as Chief Science Officer; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel Joins Howden M&A to Lead Europe Biz Devel
Sep 19 2022 // This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A. A summary of these new hires follows here. Gallagher Re Names Aon’s Bowen as Chief Science Officer Gallagher...
Illinois Contractor Fined for Deadly Workplace Exposures
Sep 19 2022 // A Roselle, Illinois contractor with a long history of federal workplace safety violations who currently owes more than $390,000 in penalties, added an additional $303,105 in proposed fines for once again exposing workers...
New Jersey Cannabis Regulator Issues Employers’ Guidance for Workplaces
Sep 16 2022 // New Jersey has issued guidance for workplaces to support employers’ right to create and maintain safe work environments, as well as affirm employees’ right to due process. According to the guidance and...
Full-Year Commercial Lines Combined Ratio May Be Lowest in 15 Years: Moody’s
Sep 15 2022 // With commercial lines insurers expected to report the lowest full-year aggregate combined ratio in 15 years, together with double-digit direct premium growth, Moody’s Investors Service announced a stable outlook for...
People Moves: JMBI Names Goldstein as President; VIAA Hires Pair of Commercial Marketers
Sep 13 2022 // JMB Insurance Agency Announces Goldstein’s Promotion to President JMB Insurance Agency, Inc., headquartered in Chicago, Illinois, has named Kimberly Goldstein as the firm’s inaugural president for strategic...
Sam Frihart Joins Breckenridge Insurance Specialty Property Program Team as Commercial Property Underwriter
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW
Sep 12 2022 // U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers...
