Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Louisiana Supreme Court: No Prohibition Against Forum Selection Clause in Commercial Property Policy
May 20 2019 // The Louisiana Supreme Court has determined that state law does not expressly prohibit a clause in a commercial property insurance policy that specifies that any coverage dispute ending up in litigation must be heard in a...
Amazon Cited in Idaho for Workplace Safety Violations
May 20 2019 // Amazon has resolved the workplace violations cited against the online retail giant’s temporary distribution center in Idaho. The Occupational Safety and Health Administration cited the company’s modular...
Louisiana Court: Law Doesn’t Prohibit Forum Selection Clause in Commercial Policy
May 17 2019 // The Louisiana Supreme Court has determined that state law does not expressly prohibit a clause in a commercial property insurance policy that specifies that any coverage dispute ending up in litigation must be heard in a...
California Agent Allegedly Steals $65K from Small Business Owners
May 16 2019 // California Insurance agent Francis Okyere, 67, self-surrendered this week at the Los Angeles County Superior Court after being charged with four felony counts of grand theft. The charges arose from an investigation by the...
Commercial Insurance Prices Were Up 3% Globally, 1.1% in U.S. in Q1: Marsh
May 16 2019 // Average global commercial insurance prices increased 3% in the first quarter of2019, according to broker Marsh. This represents the sixth consecutive quarter of average commercial insurance pricing increases, Marsh said in...
Employers Mutual, EMC Insurance Agree on $36 Per Share Buyout Price
May 15 2019 // Des Moines, Iowa-based Employers Mutual Casualty Co. (EMCC) and EMC Insurance Group Inc. (EMCI) have entered into a mutual agreement under which EMCC will acquire all the remaining shares of EMCI that it does not currently...
Why Less Data May Be More for Employers Using Wearables in Workplace
May 15 2019 // Employers deploying wearables in the workplace are possibly exposing themselves to more risk than they realize by collecting more data than they need. While some firms may want to deploy the technologies as much as...
Texas Insurance Bills on the Move; Commercial Property Measure Heads to Governor
May 10 2019 // The Insurance Council of Texas has reported several insurance bills of interest are moving in the Texas Legislature as the end of the session draws closer. SB 590/HB 1411, which addresses amendments, cancellations and...
UFG Insurance Appoints Donlick as Commercial Lines Underwriting Manager
May 9 2019 // UFG Insurance has appointed David Donlick as commercial lines underwriting manager for its East Coast regional office in Pennington, N.J. Donlick will succeed current assistant vice president and Commercial Lines...
Lloyd’s Invests in AI Startup Offering Liability Insurance Platform for Small Businesses
May 9 2019 // Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the...
Progressive Rolls Out Small Business Insurance Comparison Quoting Platform
May 8 2019 // Ohio-based national insurer Progressive has joined the ranks of carriers offering small businesses a platform to buy insurance quickly and simply. The insurer’s new online BusinessQuote Explorer (BQX) delivers...
Iowa Court: No Claim for Workers’ Comp Insurer’s Failure to Inspect Workplace
May 8 2019 // Iowa’s high court has ruled in favor of a workers’ compensation insurer in a case in which a group of employees and former employees of a manufacturing plant alleged that the insurer failed to protect workers...
Amazon Cited in Idaho for Workplace Safety Violations
May 7 2019 // Amazon has resolved the workplace violations cited against the online retail giant’s temporary distribution center in Idaho. The Idaho Statesman reported the Occupational Safety and Health Administration cited the...
AmWINS, The Flood Insurance Agency Launch Commercial Property Flood Product
May 6 2019 // AmWINS Group, Inc., in conjunction with its recent acquisition of The Flood Insurance Agency (TFIA), has launched FloodFLEX, a new commercial property flood product designed to eliminate out-of-pocket expenses not covered...
U.S. P/C Commercial Lines Market ‘Best in Years,’ Says Chubb CEO Greenberg
May 6 2019 // Chubb Chairman and CEO Evan Greenberg referred to his company as being in the midst of a “rational market” and appeared pleased with its direction and tone so far in 2019. “In the first quarter, in total,...
Recent Commission Ruling Highlights Need for National Workplace Violence Prevention Standard
May 6 2019 // A federal commission decision that an employer had a duty to protect a social services worker who was stabbed to death by a client, even though the company did not violate any specific safety standard, reinvigorated...
How Workplace Violence Impacts the Bottom Line
May 6 2019 // Workplace violence leaves chaos in its wake. Besides the psychic trauma, physical injuries and even sometimes fatalities, there are enormous financial impacts. Some are obvious, but many show up only with insightful...
Chubb’s Q1 Net Income Dips Slightly but Commercial Insurance Produces Gains
May 2 2019 // Chubb saw its net income dip slightly in the 2019 first quarter, though commercial and other insurance premiums rose at a healthy clip. The insurance giant’s property/casualty combined ratio also improved, and...
Prime Property & Casualty Insurance Now Writing Commercial Auto in North Carolina
May 2 2019 // Prime Property & Casualty Insurance Inc. has entered the North Carolina commercial auto markets as an admitted carrier specializing in insurance for distressed and substandard risks. PPCI offers the capacity to insure...
Prime Property & Casualty Insurance Enters New Mexico Commercial Auto Market
May 2 2019 // Prime Property & Casualty Insurance Inc. has entered the New Mexico commercial auto market as an admitted carrier specializing in insurance for distressed and substandard risks. PPCI offers the capacity to insure any...
