Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Chubb Names North America Commercial Lines Leadership: Rockwell, Williamson, Wells
Dec 9 2019 // Global insurer Chubb announced leadership appointments for North America Commercial Insurance, the company’s $5.8 billion retail commercial property/casualty insurance division that serves middle market and small...
Fitch Sees Stronger Commercial Lines But Weaker Auto, Work Comp Results Coming
Dec 6 2019 // The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report. But personal...
Study: California Self-Insured Employers Save Over Traditional Workers’ Comp
Dec 5 2019 // A new study on California workers’ compensation shows the cost of self-insurance is 14% to 28% less than a traditional workers’ comp policy. It should be noted that the study was commissioned by the California...
Cybersecurity Provider Coronet, Coalition Partner on Small Business Cyber Product
Dec 5 2019 // Small business cybersecurity provider Coronet has partnered with Coalition, a cyber insurance provider for small and midsized businesses, to offer cyber insurance to Coronet customers. The partnership combines...
Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 4 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
Cox Named VP, Business Development at Midwest Employers Casualty
Dec 4 2019 // Midwest Employers Casualty (MEC) has appointed Nathan Cox as vice president of sales. Cox succeeds Steven Link, who is retiring. The appointment is effective immediately. Cox will be responsible for revenue, sales growth...
New Oklahoma Law, Workplace Shooting Fears Prompt Security Changes
Dec 3 2019 // Security is not subtle at the sprawling campus of human resources technology giant Paycom in Oklahoma City. Off-duty police officers roam the grounds, bolstering the company’s own force of armed guards. A basement...
Seller’s Market to Deliver Biggest Commercial Rate Hikes in Years
Dec 2 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities. While...
Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance
Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...
Missouri Contractor Faces $210K in Penalties for Workplace Safety Hazards
Nov 26 2019 // Federal workplace safety officials have proposed $210,037 in penalties against a Missouri contractor protect employees from trench collapse and electrical hazards. The U.S. Department of Labor’s Occupational Safety...
McDonald’s Employees’ Suit Claims Store Redesign Abets Workplace Violence
Nov 22 2019 // McDonald’s Corp. employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store redesign that staffers say has made it easier for angry customers to leap over the counter and...
Texas On-Demand Delivery Service Now Providing Commercial Auto Insurance to Drivers
Nov 19 2019 // Favor, the Texas-based on-demand delivery service, is now providing its entire Runner community of over 80,000 contract delivery drivers with commercial automobile liability insurance coverage during every active delivery...
Montana Reports Decline in Workplace Injuries in 2018
Nov 19 2019 // Employers in Montana reported a total of 14,100 workplace injuries and illnesses in 2018, with 11,900 of those injuries in the private industry. Of those private industry injuries and illnesses, 5,700 were serious enough...
2020: What to Expect in Commercial Insurance
Nov 18 2019 // Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth quarter–and for some, will continue into the new year, according to a recent report from...
U.S. Attorney: Oklahoma Man Sentenced for Stealing Almost $370K from Employer
Nov 15 2019 // A Tulsa, Oklahoma, man was sentenced to 15 months in prison and ordered to repay nearly $370,000 after being found guilty of stealing from his employer. Ernest Everette Howard, 49, of Tulsa, must $368,329.61 in...
For 2020, Expect Biggest Commercial Insurance Hikes in Years: Willis Towers Watson
Nov 15 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities. While...
Serious Workplace Safety Violations Found After Attacks at Iowa Psych Hospital
Nov 13 2019 // Regulators have recommended a nearly $73,000 fine against the Iowa Department of Human Services after finding serious workplace safety violations at a state-run psychiatric hospital where several employees have been...
What to Expect in Commercial Insurance Market Conditions Heading Into 2020
Nov 12 2019 // Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth—and for some, will continue into the new year, according to a recent report from broker USI...
Bookkeeper Charged in Maryland with Embezzling $1M from Employers
Nov 7 2019 // A woman who worked as a bookkeeper has been charged in Maryland with fraudulently obtaining approximately $1 million from her employers. Lisa Fore was charged Monday in federal court with four counts of mail fraud and one...
Georgia Mother, Son Accused of Stealing $3M from Beer Distributor Employer
Nov 5 2019 // Authorities say a mother and son who worked for a Georgia alcohol distributor embezzled more than $3 million from their employer over a decade. Sheriff’s investigators in Bibb County, Georgia, arrested 72-year-old...
