Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
For 60% of Mid-Sized Businesses, Crisis Management Is Key Unmet Need
Sep 7 2020 // Nearly 60% of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they’re concerned about rising insurance rates,...
Michigan Cites 6 Businesses for COVID-19 Workplace Safety Violations
Sep 3 2020 // In late August, the Michigan Occupational Safety and Health Administration (MIOSHA) issued a round of COVID-19 “general duty” citations, citing six different businesses with serious violations for failing to...
Louisiana’s Stonetrust Commercial Insurance Adds Skaggs, Boniol, Perkins
Sep 2 2020 // Stonetrust Commercial Insurance Co., based in Baton Rouge, Louisiana, has hired Jeff Skaggs as senior vice president of Underwriting and Marketing; Dawn Boniol as manager of Compliance, Quality Control and Claims Support;...
Texas’ HIIG Launches New E&S Brokerage Business Unit
Sep 2 2020 // Houston International Insurance Group Ltd. (HIIG) has launched an E&S (excess and surplus) brokerage business unit to provide liability and property insurance products and services to the wholesale brokerage...
Employers Must Pay Employees for All Hours Worked, Including Work at Home
Sep 1 2020 // The U.S. Labor Department is reminding employers that they must make a reasonable effort to keep track of all hours worked by non-exempt employees — even those working varied hours from home due to the COVID-19...
AXIS Partners With AllDigital Specialty MGA on Small Business Platform
Aug 31 2020 // AXIS Insurance and AllDigital Specialty will launch an insurance platform designed for the U.S. small private company management liability market. AXIS will utilize AllDigital’s technology to quote, bind and issue...
For 60% of Mid-Sized Businesses, Crisis Management Is Key Unmet Need
Aug 31 2020 // Nearly 60 percent of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they’re concerned about rising insurance...
Employers Face Increase In COVID-19 Wrongful Death Lawsuits
Aug 27 2020 // As COVID-19 cases and deaths continue to rise, so too does the number of lawsuits filed against employers. Recently, an increasing number of families of employees who died from COVID-19 have asserted wrongful death actions...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market
Aug 25 2020 // San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the...
Commercial Insurance Prices Up 19% in Q2: Marsh Index
Aug 24 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen. Average price increases were driven principally by increases in property insurance...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
One80 Launches Transportation Threat Protect Program for Commercial Auto Operations
Aug 21 2020 // One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has launched the Transportation Threat Protect (TTP) program. TTP was designed to protect commercial drivers...
Morse Insurance Agency Adds Polutchko as Commercial Lines Sales Account Executive
Aug 21 2020 // Morse Insurance Agency Inc. has added industry veteran David Polutchko as its newest commercial lines sales account executive. Polutchko brings more than 22 years of insurance experience to the local independent agency. In...
Nevada Governor Signs Business Liability And Worker Protection Bill
Aug 14 2020 // Nevada Gov. Steve Sisolak has signed legislation expanding workplace safety protections for hotel and casino employees and shielding businesses that follow health directives from coronavirus-related...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Average Commercial Insurance Prices Rose 19% in Q2: Marsh Index
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen. Average price increases were driven principally by increases in property insurance...
Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh
Aug 10 2020 // Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market Index released by broker and risk adviser Marsh. The increase, the largest since the...
Without More Aid, Many Small Businesses Won’t Make It
Jul 30 2020 // OAKLAND, Calif./NEW YORK — After surviving two strokes at age 27, Olivia Colt threw herself into starting a catering business, a lifelong dream. Ten years and another stroke later, she had built Salt & Honey Catering...
Washington Extends Relief for Employers Struggling to Pay Workers’ Comp
Jul 29 2020 // The Washington State Department of Labor & Industries is again extending the deadline for employers that are finding it difficult to pay their workers’ compensation premiums during the COVID-19 outbreak. Under...
Grant Program Now Open for Louisiana Small Businesses Harmed by Virus
Jul 29 2020 // Louisiana small businesses that have been hammered by the coronavirus outbreak and haven’t received federal aid can start applying for grants up to $15,000 to cover pandemic-related expenses, under a program created...
