Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 19 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
State Marijuana Laws Are Changing But Employer Attitudes, Federal Law Aren’t
Dec 14 2016 // Changing marijuana laws aren’t necessarily making weed more welcome in the workplace. For now, many employers appear to be sticking with their drug testing and personal conduct policies, even in states where...
Chubb Appoints Updyke to Lead Commercial Insurance Operations
Dec 13 2016 // Chubb, the world’s largest publicly traded property and casualty insurance company, has appointed Jeffrey Updyke as regional manager for the Northeast and Mid-Atlantic Regions of the company’s commercial...
D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable
Dec 13 2016 // Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers...
Insurers’ Financial Strength, Brokers’ Expertise Drive Satisfaction in Large Commercial Market: J.D. Power
Dec 5 2016 // The profitability of an insurance company and the quality of advice given by an insurance broker makes the most difference when it comes to customer satisfaction for commercial insurance, a new industry study...
Too Often, Small Businesses Learn Insurance Lessons After Disaster Strikes
Nov 28 2016 // A fire at the gun shop next door never reached Kathy Laurienti’s sausage and specialty food store, but the water and smoke damage was enough to shut her business down. Because Laurienti didn’t have enough...
Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding
Nov 17 2016 // Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union...
Starr Launches Site Selling Directly to Small Businesses
Nov 17 2016 // Starr Companies has joined a growing roster of insurers selling insurance directly to small business owners online with its launch of Starr Insure. The new digital agency currently offers property/casualty business owner...
RSA Restructures UK Commercial Lines Operation; Names CUO for UK & Int’l
Nov 16 2016 // London-based RSA has announced changes to its commercial lines operation with the creation of two new divisions, as well as the appointment of a chief underwriting officer for the UK & International region. Effective...
Arkansas Company Fined Nearly $125K for Repeat Workplace Hazards
Nov 9 2016 // Federal safety officials have cited Bekaert Corp. in Van Buren, Arkansas, after an employee suffered an amputation while trying to untangle moving wire at an Arkansas facility that manipulates and coats steel products. An...
Connecticut’s Business Risk Partners Hires Bizzoso and Landaverde
Nov 8 2016 // Business Risk Partners (BRP), a specialty underwriter and program administrator based in Windsor, Conn., hired Greg Bizzoso as an E&O product manager and team leader for miscellaneous professional liability (MPL) and...
Amazon Drivers Deliver ‘Joint Employer’ Claims Against E-commerce Giant
Nov 4 2016 // Amazon.com was sued by Illinois delivery drivers who say the company failed to pay them overtime for hauling its goods. Among the questions the judge will have to answer? Whether they actually worked for...
Crest Names Abud Commercial Lines Producer in Arizona
Nov 3 2016 // Crest Insurance Group LLC has named Rosette Abud a commercial lines producer in its Arizona office. Abud has a background in human resources. She was formally the district manager of BenefitMall Payroll and Human Resource...
Texas Company Hit with $224K in Fines for Workplace Safety Violations
Nov 3 2016 // A Mineral Wells, Texas-based manufacturer is facing more than $224,000 in fines levied by federal safety officials after an investigation found the company failed to protect workers from safety and health hazards. The U.S....
Ohio Manufacturer Faces Nearly $215K in Fines Over Workplace Hazards
Nov 3 2016 // Federal safety officials have alleged that for at least two years, an Ohio manufacturer of thermoplastic lining systems for truck bodies and trailers exposed workers to the risk of amputation and other serious injury by...
Indio, Tech Startup for Commercial Insurance Brokers, Raises $2 Million
Nov 1 2016 // Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth managers, said it has secured $2 million in seed financing. Venture capital firms NEA, Compound,...
What Latest U.S. Statistics on Nonfatal Workplace Injuries Reveal
Oct 31 2016 // Private employers reported approximately 2.9 million nonfatal workplace injuries and illnesses in 2015, or about 48,000 fewer than in 2014, according to the U.S. Bureau of Labor Statistics. That translates into a rate of...
The Hartford Reports 15% Higher Q3 Profit; Strong Commercial Lines Performance
Oct 28 2016 // The Hartford reported net income of $438 million in third quarter 2016, an increase of 15 percent from third quarter 2015. Core earnings came in at $413 million in third quarter 2016, an increase of 13 percent from third...
The Hartford Names Bergbauer Head of Middle Market International
Oct 28 2016 // The Hartford has appointed Alfred Bergbauer as vice president and head of multinational underwriting. Bergbauer will oversee The Hartford’s International Choice portfolio of insurance products for U.S. organizations...
Public Sector Workplace Injuries, Illnesses Decline in Oklahoma
Oct 27 2016 // Oklahoma public sector employers have reduced the rate of employee injury and illness to 3.8 per 100 workers, down from 4.0 in 2014, the Oklahoma Department of Labor reported. With the recent reduction, Oklahoma has seen a...
