Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
‘Zombie’ Companies Likely to Keep Commercial Insurance Rates Rising
Jun 21 2021 // The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely...
The Impact of Commercial Lines Raters on Independent Agencies
Jun 21 2021 // For many years independent agencies waited anxiously for a practical multi-company rating system in commercial lines. Now, several easy-to-use products are available to agencies with quoting capability among a growing...
Panel Approves Pennsylvania House GOP Bill to Ban Employer Vaccine Mandates
Jun 17 2021 // A ban on employers mandating vaccines for their workers inched ahead in the Pennsylvania House on Tuesday with a committee vote supported by all Republicans and opposed by every Democrat. The main sponsor, Rep. Russ...
Texas Tortilla Factory Fined $218K for Workplace Safety Violations
Jun 16 2021 // A San Marcos, Texas-based tortilla manufacturer has been cited for repeat and serious workplace safety violations, and faces penalties of more than $200,000, federal regulators say. The Occupational Safety and Health...
Controversial California Workplace Mask Rule Withdrawn
Jun 11 2021 // California’s workplace regulators have withdrawn a controversial pending mask regulation while they consider a rule that more closely aligns with Gov. Gavin Newsom’s promise that the state will fully reopen...
Wisconsin Grain Facility Fined $676.8K for Workplace Safety Violations
Jun 8 2021 // A Wisconsin grain facility faces 14 workplace safety violation citations and more than $676,000 in penalties following the death of a following the engulfment death of a worker in a corn silo. The Occupational Safety and...
How to Manage Social Media Liability in the Workplace: RIMS
Jun 7 2021 // “I remember when the worst thing you had to worry about at work was a misdirected reply-to-all on an email.” Joann Lytle, a partner with the law firm McCarter & English in Philadelphia, knows things have...
U.S. Updates Guidance on COVID Vaccine Mandates, Incentives, Privacy in Workplace
Jun 1 2021 // Federal employment laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for COVID-19, the Equal Employment Opportunity Commission (EEOC) has affirmed. Also,...
Woman in Racist Central Park Confrontation Sues Employer Over Firing
May 28 2021 // The white woman who was widely condemned and fired after a videotaped dispute with a Black birdwatcher in Central Park filed a lawsuit against her former employer, accusing the company of not doing an investigation before...
Chubb Updates Lower Middle Market Commercial Package Product
May 27 2021 // Chubb has rolled out a new insurance product for the lower middle market segment with an expanded base coverage offering in both property and liability. Benchmarq Package features scalable property and general liability...
How to Manage Social Media Liability in the Workplace: RIMS
May 25 2021 // “I remember when the worst thing you had to worry about at work was a misdirected reply-to-all on an email.” Joann Lytle, a partner with the law firm McCarter & English in Philadelphia, knows things have...
Study: North Dakota Has Highest Rate of Severe Workplace Injuries
May 24 2021 // North Dakota tops the list of states with the highest rates of severe workplace injuries, according to a new study of OSHA data covering the years 2015-2020. With nearly 135 severe workplace injuries for every 100,000...
Washington Issues New Workplace Masking Guidelines
May 21 2021 // The Washington Department of Labor & Industries has updated state COVID-19 workplace safety and health guidance to help employers adapt masking policies to meet new CDC guidelines adopted by Gov. Jay Inslee. The...
Texas Senate Passes Commercial Auto Tort Reform Bill
May 21 2021 // A bill that proponents say will help control abusive lawsuits against commercial motor vehicle operators following accidents has passed the Texas Senate. House Bill 19 would have a big impact on the commercial auto...
Staffers Allege that Employer Ignored COVID Precautions in Massachusetts
May 21 2021 // A Massachusetts man claims that a national addiction treatment program with offices in Pittsfield and Cummington failed to take precautions to protect him, fellow staff members, as well as residential clients from COVID-19...
Lumen Risk Services, Transverse to Offer Commercial Property Coverage
May 21 2021 // Program administrator Lumen Risk Services, in partnership with Transverse Insurance Group, has launched a new commercial property insurance program. The non-admitted program will initially offer monoline property coverage...
Texas Manufacturer Fined $558.8K for Workplace Safety Violations
May 18 2021 // A Waco, Texas-based bath and shower manufacturer has been cited for 19 workplace safety violations and fined $558,821 by federal workplace safety officials. An inspection by the U.S. Department of Labor’s...
New York to Set Workplace Safety Standards for Airborne Diseases
May 14 2021 // State regulators in New York will soon draft rules that will require employers to protect workers from airborne infectious disease. A new state law tasks state labor and health officials with coming up with minimum...
Neptune to Offer Flood Insurance to Small Business Administration Borrowers
May 14 2021 // Neptune Flood, an AI-driven flood insurance company, has launched sbaflood.com designed for SBA borrowers to obtain commercial flood insurance. Both owners and tenants are eligible for commercial flood insurance through...
Commercial Auto Insurance Business on Road to Break-Even in 2021: Fitch
May 13 2021 // The commercial auto insurance segment posted its best underwriting result in a decade in 2020, thanks to continued big rate increases and a big drop in driving due to the coronavirus pandemic. According to a Fitch Ratings...
