Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
People Moves: McGriff Adds Feighl as Commercial Marketing Account Exec; Harris Joins Alliant in Texas
Feb 11 2022 // McGriff Adds Mike Feighl as Commercial Marketing Account Executive McGriff has hired Mike Feighl as a senior vice president and marketing executive in its Houston-based Commercial Division. Mike Feight Feighl comes to...
Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance
Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...
How CNN Exec’s Departure Illustrates Peril of Not Disclosing Workplace Romance
Feb 8 2022 // For all the potential peril of a workplace romance, the most common source of trouble, experts say, is allowing it to remain a secret. A case in point was last week’s abrupt ouster of longtime CNN chief executive...
Hub Acquires Assets of AVI Commercial Insurance in California
Feb 7 2022 // Hub International Ltd. acquired the assets of AVI Commercial Insurance Marketing Inc. in San Clemente, California. Doug Krumpols, president, and the AVI team will join Hub’s Los Angeles and Orange County...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth
Feb 4 2022 // Net income at the The Hartford for the fourth quarter 2021 ended at $729 million, a 36% increase from income of $537 million the same period a year earlier. For the year, net income was about $2.37 billion compared to...
Louisiana to Streamline Form-Filing Process for Five New Commercial Lines
Feb 4 2022 // The Louisiana Department of Insurance announced Feb. 3 that it is streamlining the form-filing process for five additional lines of commercial insurance by adding them to the list of lines eligible for certified...
Eighth Circuit: Insurer Has No Duty to Defend Janitorial Service Workplace Discrimination Suit
Feb 3 2022 // The United States Court of Appeals for the Eighth Circuit said that an insurer does not have to provide coverage to a St. Louis, Missouri janitorial service company for a workplace discrimination lawsuit, affirming a...
Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh
Feb 2 2022 // Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in both the second and third quarters, according to Marsh’s latest Global Insurance Market...
Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines
Feb 1 2022 // Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million. Sayata CEO...
Police Officer’s Immunity Does Not Extend to New York County Employer: U.S. Court
Jan 27 2022 // A municipality in New York may be held liable for wrongful action by an employee even though the employee was granted individual immunity. A police detective found liable by a jury for a false arrest was entitled to...
New York Will Require Employers to Disclose Monitoring to New Hires
Jan 27 2022 // Employers in New York must disclose electronic monitoring, such as internet access and videoconferencing, to new hires under a new law taking effect in May, as workers contend with an employment landscape that’s...
Biden Administration Officially Withdraws Employer Vaccine Rule
Jan 27 2022 // The Biden administration has officially withdrawn a rule that would have required workers at big companies to get vaccinated or face regular COVID testing requirements. The Occupational Safety and Health Administration...
Workplace Class Action Settlement Costs Reached $3.6B in 2021
Jan 24 2022 // The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would decrease the size and reduce the number of payouts, according to a new report by the...
Employers Fear Long-Term Liability From ‘Take-Home’ COVID-19 Lawsuits
Jan 24 2022 // As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not employees or...
Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz
Jan 18 2022 // A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three perils to the top of the list of global business risks in this...
What the Supreme Court Justices Said in Blocking OSHA’s COVID-19 Workplace Rule
Jan 14 2022 // The Supreme Court yesterday blocked the Biden Administration from implementing an order requiring businesses with more than 100 employees to require COVID-19 vaccines or testing and masks for their employees. In National...
Workplace Class Action Payouts Unexpectedly Grew During Pandemic in 2021
Jan 14 2022 // The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would decrease the size and reduce the number of payouts, according to a new report by the...
Employers Fear Long-Term Liability From ‘Take-Home’ COVID-19 Lawsuits
Jan 12 2022 // As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not employees or...
WTW Launches Crisis Management Business Unit for Security Risk Management
Jan 12 2022 // Willis Towers Watson announced the formation of a new Crisis Management unit with the merger of Special Contingency Risks (SCR) and the Terror and Political Violence teams, which will sit within its Financial Solutions...
