Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing
Dec 29 2022 // With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in...
Transgender Worker Sues New Hampshire Employer Alleging Bias in Health Plan
Dec 19 2022 // A transgender woman in New Hampshire filed a discrimination complaint Friday against the manufacturing company where she works as a machinist, challenging its exclusion of gender-transition health coverage. The complaint...
Wisconsin Manufacturer Fined $250K for Workplace Hazards
Dec 13 2022 // Federal safety inspectors have determined that a falling load from a below-the-hook magnet crushed the leg of an employee at a Kewaunee heavy fabrication manufacturing company on June 7, 2022. In response to a...
U.S. Commercial Lines Prices Up 5% in Q3: WTW
Dec 13 2022 // With the exception of directors & officers liability and workers compensation, nearly all lines of business in the U.S. continued to see rate increases in the third quarter of 2022, according to WTW’s Commercial...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation
Dec 8 2022 // As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report. Rate changes at renewal remained strong,...
OSHA Fines Illinois Dollar Tree $364K for Workplace Exposure Violations
Dec 5 2022 // With holiday shopping nearing its peak, federal workplace safety inspectors have again found Dollar Tree Stores Inc. – one of the nation’s largest discount retailers – exposing workers in Matteson, Illinois to...
TDI Recognizes Animal Nutrition Company With Workplace Safety Award
Nov 21 2022 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) recognized Global Animal Products with a Lone Star Safety Award for their exemplary workplace safety programs and low rates of work-related...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker
Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey. All Trans is a...
Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey
Nov 7 2022 // Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Nov 7 2022 // A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage...
GHA — A Fun, Professional Workplace With Purpose
Nov 7 2022 // At Glenn Harris and Associates, the whole company is a team, and the team is family. That includes three tail-wagging “Directors of Morale” — company dogs Smoky, Mocha and Chief. The overwhelming sense of...
More Violations: OSHA Fines Dollar General $2.7M for Workplace Safety Problems
Nov 3 2022 // A month after federal regulators hit Dollar General stores with $1.6 million in fines for safety violations, the retailer now faces an additional $2.7 million in penalties for similar problems in Alabama, Florida and...
Suspect in Oklahoma Murder-Suicide Was Plagued by Workplace Head Injury
Nov 1 2022 // BROKEN ARROW, Okla. (AP) – An Oklahoma couple considered “primary suspects” in last week’s killings of their six children faced growing financial pressures and the husband experienced recurring pain...
Can More Rigorous Accounting Lead to Fewer Workplace Injuries?
Nov 1 2022 // Businesses wanting to make their workplaces safer might try adopting a more rigorous accounting system. A new study finds a link between a firm’s workplace injuries and the information quality in its accounting...
What Cyber Underwriters Miss: Small Businesses Aren’t Using MFA Correctly, Advisen Panel Says
Oct 31 2022 // As cyber threat actors continue to innovate and find new ways to increase their odds of success, panelists at the 2022 Advisen Cyber Risk Insights Conference urged underwriters to raise the stakes when assessing...
AmTrust Acquires Mid-Market Book from DUAL
Oct 26 2022 // AmTrust Financial Services announced that it has acquired the middle market management liability business of DUAL North America, a Florida-based specialty program administrator that offers property/casualty products. DUAL...
AmTrust Purchases DUAL North America’s Middle Market Management Liability Practice
Oct 25 2022 // AmTrust Financial Services Inc. announced it has acquired the middle market management liability business of DUAL North America, which includes its underwriting team and renewal rights to the portfolio. As part of the...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Oct 20 2022 // A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage...
Texas DWC Makes Correction to Employer’s Wage Statement Form
Oct 19 2022 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced that is has made corrections to a form that was adopted on July 27, 2022. The corrections apply to DWC Form-003, Employer’s...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Oct 19 2022 // A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage...
