Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Texas Roofer Fined $80K for Repeated Workplace Hazards
Apr 28 2016 // Federal safety regulators have levied $80,280 in penalties against Quick Roofing LLC for repeatedly exposing workers to falls, ladder hazards and eye injuries. The Occupational Safety and Health Administration (OSHA) said...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
OSHA Fines Storage Tank Company $95K for Missouri Workplace Hazards
Apr 22 2016 // A federal agency has found that a storage tank manufacturer is continuing to expose workers in Missouri to hazardous levels of a chemical than can cause lung cancer and other health problems. The Occupational Safety and...
Employers Pay As 32% of Opioid Prescriptions Are Abused: Report
Apr 21 2016 // Nearly one out of every three (32 percent) opioid prescriptions, which are subsidized by America’s employers, is being abused, according to a report by a healthcare data and technology company. San Francisco-based...
Business Risk Partners Adds 2 New Underwriters in Connecticut
Apr 19 2016 // Maggie Mae Kores Business Risk Partners (BRP), a specialty underwriter and program administrator based in Windsor, Connecticut, has added two new underwriters to its professional liability team: Maggie Mae Kores as senior...
Washington Workplace Deaths in 2015 Fell to Near-Historic Low
Apr 18 2016 // Workplace deaths in Washington fell to a near-historic low in 2015, according to a Department of Labor & Industries report. Last year there were 58 work-related deaths in the state, 18 fewer than in 2014, and L&I...
Why Employers Are Sending Retirees to Exchanges for Health Insurance
Apr 18 2016 // Planning for retirement is tough enough – and it gets even tougher when retirement benefits you expect to receive from an employer are changed on short notice. But a growing number of U.S. employers are capping their...
Utah Employers Must Accommodate Breast-Feeding Workers
Apr 18 2016 // Utah is joining more than a dozen states to require businesses to offer breast-feeding and pregnant employees accommodations such as extra breaks during work. Republican Gov. Gary Herbert signed a law earlier this month...
California Court Says Employers Can’t Deny Workers Seats
Apr 18 2016 // Employers cannot deny a worker a place to sit just because they prefer the person stand, and they must consider the employee’s work station, not their overall duties, when determining whether to provide a seat, the...
BKS-Partners in Florida Appoints Ingram to Commercial Risk Management Group
Apr 15 2016 // Florida-Based Baldwin Krystyn Sherman Partners (BKS-Partners), has appointed Amy Ingram as managing director of the Commercial Risk Management Group. She will be based in company’s Tampa office. Ingram joins...
Verisk Opens Commercial Property Data to MGAs, Program Managers
Apr 15 2016 // Verisk Insurance Solutions said it is making its data for loss estimating of commercial properties available to managing general agents (MGA), managing general underwriters (MGU), and program administrators and others in...
Few Small Businesses Feel the Need to Prepare for Climate Change
Apr 14 2016 // Constant reminders in the media over threats of rising sea levels, more frequent storms, or the promise of blistering droughts along with water scarcity still won’t get people to prepare for the anticipated effects...
Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage
Apr 14 2016 // New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance...
Hiscox Expands Cyber Offering to Small, Mid-Size Businesses
Apr 13 2016 // Hiscox has expanded its cyber and data risk coverage to include Hiscox CyberClear. The product is designed for small and medium-sized enterprises in the U.S. with less than $1 billion in annual revenue. This product will...
Louisiana Food Manufacturer Fined $124K for Workplace Hazards
Apr 12 2016 // The U.S. Department of Labor’sOccupational Safety and Health Administration has cited a Louisiana food manufacturing company for 25 serious and one other violation for exposing workers to hazardous chemicals,...
California Court Says Employers Can’t Deny Workers Seats
Apr 6 2016 // Employers cannot deny a worker a place to sit just because they prefer the person stand, and they must consider the employee’s work station, not their overall duties, when determining whether to provide a seat, the...
Maryland’s Chesapeake Employers to Begin Phasing in NCCI Rates in 2020
Apr 5 2016 // Chesapeake Employers’ Insurance Company, Maryland’s largest writer of workers’ compensation insurance, announced its plan to phase in the National Council on Compensation Insurance’s (NCCI) rating...
Commercial Insurers Moderated Rate Cuts Slightly in March: MarketScout
Apr 5 2016 // Commercial insurers eased up slightly on rate cutting in March, according to the MarketScout barometer for the month. After three straight months of price cuts averaging 4 percent, U.S. commercial property, inland marine,...
Alabama Supreme Court Overturns $12.6M Verdict in Workplace Accident Case
Apr 4 2016 // The Alabama Supreme Court has overturned a $12.6 million judgment in a lawsuit resulting from a workplace accident. The justices sided with Dothan-based South Alabama Brick Co. in a decision released last month. A Mobile...
Utah Employers Must Accommodate Breast-Feeding Workers
Mar 31 2016 // Utah is joining more than a dozen states to require businesses to offer breast-feeding and pregnant employees accommodations such as extra breaks during work. Republican Gov. Gary Herbert signed a law this week that makes...
