Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Health Plan Cost Rate Hikes Lower for Large Employers in 2012: Aon
Oct 3 2012 // In 2012, large U.S. companies and their employees saw the lowest health care premium rate increases in six years, according to an analysis by Aon Hewitt, the global human resources firm. The average health care premium...
Supreme Court to Hear Employer Liability, Class Certification in New Term
Oct 1 2012 // The U.S. Supreme Court has agreed to review close to 40 cases in its new term that begins on Monday, roughly half the number the court is expected to hear this year. Below are some of the more prominent cases that the...
Employer Costs for Employees Lowest in South, Highest in Northeast
Sep 28 2012 // Total employer costs for employees in private industry ranges from $26.14 per hour in the South to $32.98 in the Northeast. According to U.S. Bureau of Labor Statistics, the same costs are $28.06 in the Midwest and $30.01...
Indiana Workplace Deaths Up 3% Last Year
Sep 26 2012 // A new report says the number of people dying on the job in Indiana rose to 122 last year from 118 the year before. The Indiana Department of Labor released preliminary data on workplace deaths for 2011 on Sept. 24. The...
Employers Weighing Exchanges for Individual Retiree Health Plans: Aon
Sep 26 2012 // Most employers are reevaluating their retiree health care strategy and are considering strategies that open access to the individual Medicare plan market through health care exchanges, according to a new survey by Aon...
Become an Employer of Choice: Rewards and Recognition in the Workplace
Sep 24 2012 // If you’re in a hiring or management position, you already know skilled talent is in short supply and competition is high. Whether you’re looking for a seasoned professional or a recent grad, the best and...
Commercial Lines Pricing Jumped 6% in Q2: Towers Watson
Sep 24 2012 // Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive...
Workplace Injuries Less Likely Where Employers Provide Paid Sick Leave
Sep 21 2012 // Workers with access to paid sick leave are 28 percent less likely overall to suffer nonfatal occupational injuries than workers without access to paid sick leave, according to a National Institute for Occupational Safety...
More Employers Offering Consumer-Driven Health Plans: Survey
Sep 17 2012 // Consumer-driven health plans (CDHPs) have surpassed health maintenance organizations to become the second most common plan design offered by U.S. employers, according to a survey from Aon Hewitt. Preferred provider...
Premiums for Employer-Sponsored Family Health Plans Rose 4% This Year: Kaiser
Sep 11 2012 // Annual premiums for employer-sponsored family health coverage reached $15,745 this year, up four percent from last year, with workers on average paying $4,316 toward the cost of their coverage, according to a new report...
Commercial Lines Pricing Jumps 6% in Q2: Towers Watson
Sep 10 2012 // Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive...
Court Rules Employers Must Reassign Disabled Workers to Vacant Jobs
Sep 10 2012 // A federal appeals court has revived an Equal Employment Opportunity Commission lawsuit against United Airlines Inc., and said U.S. law generally requires employers to reassign disabled workers to vacant jobs for which they...
GEICO to Sell Commercial Auto Coverage Direct to Customers in N.Y.
Sep 10 2012 // Business owners in New York can now purchase commercial auto coverage directly from GEICO, which could lead to lower premium rates for many risks. Commercial insurance packages cover the cars, trucks and vans used by small...
Employers’ Workers’ Comp Costs, Workers’ Benefits Continue to Fall: Study
Sep 10 2012 // Workers’ compensation benefits declined to $57.5 billion in 2010, according to a report by the National Academy of Social Insurance (NASI). The drop in workers’ compensation benefits was largely due to a 2.1...
Del. Court Orders WC Claimant to Use Employer’s Medication Vendor
Sep 7 2012 // A Delaware court recently ruled that an employer can compel a workers’ comp claimant to use the company’s preferred prescription medication vendor. The ruling from the Superior Court of the State of Delaware...
The Hartford Names SVP for Commercial Markets Sales and Distribution
Sep 7 2012 // The Hartford Financial Services Group has named Matthew Kirk senior vice president of sales and distribution for the company’s commercial markets division. He is based in Hartford, Conn. Matthew Kirk Kirk joined The...
Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013
Aug 28 2012 // Following the U.S. Supreme Court decision on health care reform, most employers (88 percent) have affirmed their commitment to offer health care benefits to their active employees for the foreseeable future, according to a...
EMPLOYERS Names Ware SVP, Chief Actuary
Aug 20 2012 // Reno, Nev.-based EMPLOYERS named Bryan Ware senior vice president and chief actuary. Ware will be responsible for EMPLOYERS’ reserving, pricing, and risk analysis and will work with executive management to develop...
Beazley Forms Data Breach Response Business Unit
Aug 20 2012 // Beazley has established BBR Services, a new business unit dedicated to helping clients that have suffered a data breach manage the consequences. Data breaches involving the theft or loss of personally identifiable customer...
Business Risk Partners to Offer LIU-Backed E&O, D&O Coverage
Aug 20 2012 // Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines...
