Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Coterie Insurance Expands Small Business Offerings to Massachusetts
Mar 30 2022 // Coterie Insurance, a small business insurtech, announced that its general liability and business owners insurance products are now available in Massachusetts for customers and agencies. Independent agents and brokers...
Arthur J. Gallagher & Co. Acquires Missouri’s Commercial Insurance Underwriters
Mar 23 2022 // Arthur J. Gallagher & Co. announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed. Founded in 1984, CIU is a surplus lines...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Mar 21 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber...
More Price Increases for US Commercial Insurance in Q4 2021: WTW
Mar 21 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was...
New York Enacts Expanded Anti-Harassment Workplace Laws
Mar 18 2022 // New York expanded workplace harassment protection for all public employees and banned the release of anyone’s employment records in retaliation for speaking up about alleged abuse, part of a package of new laws...
6th Circuit: Insurer’s Hefty Penalty on Employer’s Audit Non-Compliance Will Stand
Mar 17 2022 // A workers’ compensation insurance company’s hefty penalty against its non-compliant insured will likely stand, after a federal appeals court found that the matter was governed by state insurance regulators, not...
Most Middle-Market CFOs Believe ESG Strategy Will Improve Financial Growth
Mar 16 2022 // According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial performance in the long...
First Chicago Launches Commercial Auto Insurance Program in Illinois And Indiana
Mar 15 2022 // First Chicago Insurance Company announced it recently launched its augmented commercial auto insurance program in Illinois and Indiana. The program covers owned or leased Vehicles, hired autos, non-owned, temporary...
People Moves: Woodruff Sawyer in California Makes Neuhalfen Commercial Lines Director; Lopez VP and Corporate Securities Attorney
Mar 15 2022 // Woodruff Sawyer named John Neuhalfen director of operations in commercial lines. Neuhalfen will be based in the San Francisco, California office. He spent 15 years at Chubb, where he was most recently a regional vice...
California Commissioner OKs Higher Commercial Coverage Limits for FAIR Plan
Mar 10 2022 // California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs offered to businesses, no later than May 1. Lara’s...
Washington Contractor Sentenced in Fatal Workplace Trench Collapse
Mar 8 2022 // A Seattle, Washington, construction company owner is facing jail time in a case that’s holding an employer criminally responsible for a preventable worker death. Alki Construction owner Phillip Numrich was sentenced...
More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW
Mar 7 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was...
Business Risks the Same
Mar 7 2022 // This issue’s special report talks to a few carrier executives about the state of the small business insurance market and the opportunity and risks this important sector faces in 2022. But when it comes to top risks,...
Small Business Revolution
Mar 7 2022 // Optimism, Resiliency Open New Doors for Sector Sector Buoyed by Record Start-Ups, Pandemic Resiliency The global pandemic, economic recession and worldwide supply chain shortages have not hindered the optimism and drive of...
Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Mar 7 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Mar 2 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber...
Biden’s Supreme Court Nominee Defies Expectations on Employer-Employee Cases
Mar 2 2022 // Labor unions and worker advocates have applauded President Joe Biden’s nomination of Judge Ketanji Brown Jackson for the Supreme Court. Yet a look back at Jackson’s decisions in cases involving business and...
Dollar General Cited for More Workplace Hazards
Feb 28 2022 // It’s more bad news for Dollar General stores, one of the largest food and household goods retailers in the country. Federal safety regulators announced that they have added another $1 million in fines against the...
Pandemic, Other Risks Weigh on Minds of Middle-Market Execs
Feb 25 2022 // Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but other business risks loom large. According to a survey of...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
Feb 24 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
