Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
ACORD Launches Data Toolkit for London Market Reinsurance, Big Commercial Risks
Aug 17 2018 // ACORD, the global standards body for the insurance industry, has launched an Adoption Toolkit to support the application of data standards for global reinsurance and large commercial risks in the London market. “The...
Aon Names Wanat U.S. Commercial Lines Broking Chief
Aug 17 2018 // Global broker has appointed Brian Wanat as chief broking officer of U.S. Commercial Risk Solutions. In his new role, Wanat will have direct management responsibility for Financial Services Group, National Property,...
New Hampshire Woman Sentenced for Defrauding Employer of $70K
Aug 13 2018 // A New Hampshire woman has been sentenced to five years of probation for defrauding her Vermont employer of more than $70,000. The U.S. Attorney’s Office says 29-year-old Katie Stygles was sentenced after she pleaded...
Swiss Re Corporate Taps Grabowski to be Head of Middle Market Casualty
Aug 10 2018 // Swiss Re Corporate Solutions has named Chris Grabowksi as head of Middle Market Casualty, responsible for overseeing a team of middle market underwriters across North America and working with brokers and clients. Based in...
Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh
Aug 10 2018 // Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.” These average increases...
Texas’ Murex Petroleum Sued for Allowing Racial Harassment, Hostile Workplace
Aug 9 2018 // A Texas-based oil and gas company, operating in Tioga, N.D., violated civil rights law by subjecting an African-American employee to a hostile work environment based on his race, the U.S. Equal Employment Opportunity...
Ohio Manufacturer Faces $331K in Fines for Excessive Noise, Other Workplace Hazards
Aug 6 2018 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Polystar Inc. – doing business as Polystar Containment – for exposing employees to excessive noise after 12...
AF Group Drives into Commercial Auto with Fundamental
Aug 6 2018 // Lansing, Michigan-based AF Group is branching out from its traditional base in workers’ compensation into the specialty commercial auto insurance niche, driven by a new operating company, Fundamental...
Texas Countertop Maker Faces $318.6K in Fines for Workplace Hazards
Jul 31 2018 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Tyler, Texas-based Berry Marble Company Inc. – doing business as U.S. Granite – for exposing employees to machine...
Hartford’s Q2 Results Reflect Big Commercial Lines Gain
Jul 27 2018 // The Hartford reported improved results for the second quarter compared to the same quarter last year, particularly in its commercial lines and group benefits businesses. Overall net income was $582 million in second...
Missouri Employers Mutual’s Walleck Named to NCCI Underwriting Committee
Jul 19 2018 // Roger Walleck, vice president of Underwriting at Missouri Employers Mutual, has been elected to serve on the national underwriting committee for the workers’ compensation rate making organization, National Council on...
U.S. Labor Judge Nixes McDonald’s Deal to Avoid Joint Employer Tag
Jul 18 2018 // A judge with a U.S. labor agency on Tuesday rejected McDonald’s Corp.’s proposed settlement of a major case on whether the fast-food company is accountable for alleged labor law violations by franchisees across...
Massachusetts Woman Pleads Guilty to Stealing about $2.7M from Employer
Jul 12 2018 // A Massachusetts woman has pleaded guilty to stealing about $2.7 million from her former employer. Federal prosecutors say 57-year-old Debra Mulloy, of Milford, pleaded guilty on Tuesday to aggravated identity theft and...
More Employers Adopting Continuous Background Checks on Employees
Jul 12 2018 // Jay Cradeur takes pride in his 4.9 driver rating on Uber Technologies Inc.’s five-star scale and the almost 19,000 rides he’s given in the capital of ride sharing, San Francisco. So he was puzzled — and...
Commercial Lines Rates Hardened in Q2: IVANS Index
Jul 11 2018 // The second quarter showed a general uptick in premium renewal rate change across the commercial insurance lines of business compared to the first quarter 2018. The upward movement was seen in commercial auto, general...
AF Group Drives into Commercial Auto with Fundamental Underwriters
Jul 11 2018 // Lansing, Michigan-based AF Group is branching out from its traditional base in workers’ compensation into the specialty commercial auto insurance niche, driven by a new operating company — Fundamental...
Ironshore Forms Onshore Middle Market Energy Equipment Facility
Jul 10 2018 // Ironshore Insurance Services LLC has formed an energy equipment facility offering property and inland marine insurance coverage for onshore middle market classes of business in the U.S. Ironshore’s Syndicated Risk...
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Jul 6 2018 // Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans call for the company...
Austin’s Employer Solutions Group Joins INSURICA
Jul 3 2018 // Insurance broker INSURICA, headquartered in Oklahoma City, has acquired employee benefits provider Employer Solutions Group (ESG), based in Austin, Texas. ESG operates throughout Texas under the leadership of Michael...
AFL Insurance Brokers Acquires Majority Stake in Employer Protection MGA
Jul 2 2018 // AFL Insurance Brokers Ltd. has acquired a controlling stake in specialist employer protection managing general agency (MGA) Concordia Employment Services Ltd., for an undisclosed sum. London-based Concordia was launched in...
