Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Illinois Trucking Repair Company Fined $326,000 for Workplace Hazards
Sep 9 2022 // A 48-year-old worker entered a tanker-trailer in Lemont, Illinois to inspect it as part of an annual U.S. Department of Transportation requirement and was overcome from exposure to bleach and chlorine gas. The worker was...
Lexington Starts Middle Market Casualty Group for SMEs
Sep 8 2022 // AIG’s Lexington Insurance Company today announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters focused on providing insurance coverage exclusively to...
People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re
Sep 8 2022 // Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and...
Labor Board to Expand Companies’ ‘Joint Employer’ Liability
Sep 7 2022 // A U.S. labor board on Tuesday moved to make it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, proposing to revive an Obama-era standard heavily...
Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records
Sep 2 2022 // Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American businesses are willing to hire workers with criminal records. Such companies become even...
Commercial Auto Insurtech Fairmatic Raises $42M
Aug 31 2022 // Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance...
Illinois Contractor Faces $303,000 in Fines for Deadly Workplace Exposures
Aug 29 2022 // A Roselle, Illinois contractor with a long history of federal workplace safety violations who currently owes more than $390,000 in penalties, added an additional $303,105 in proposed fines for once again exposing workers...
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power
Aug 24 2022 // A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers during the pandemic, causing customer satisfaction to decline...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 15 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey Reports
Aug 15 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
Agents Win in Commercial Lines
Aug 15 2022 // Independent agents once again show they continue to command the commercial insurance market. The independent agency channel placed 62% of all property/casualty insurance written in the U.S., according to the recently...
How the Supply Chain Crisis Is Heightening Risk Exposures in Commercial Lines
Aug 15 2022 // The supply chain crisis has seared itself into popular imagination through empty shelves where toilet paper once stood and a desperate shortage of baby formula. But the ripple effects that emanate from globally disrupted...
New York Insurance Fund Refunds $550M to Employers for Workplace Safety
Aug 12 2022 // The New York State Insurance Fund reported that it returned more than $550 million over the past year to businesses through its workers’ compensation safety discounts and dividends programs. The state agency provides...
5th Circuit: Employer Fired for Sleepwalking Loses ADA Case
Aug 10 2022 // An employee fired for unsolicitedly sleepwalking into a colleague’s hotel room during an out-of-town conference has no disability discrimination claim, a three-judge panel of the 5th U.S. Circuit Court of Appeals...
Oregon Heat Wave Puts State Workplace Safety Rules to Test
Aug 3 2022 // New state rules require access to water, shade and breaks on hot days, but workers say they’re still laboring in unsafe conditions. Skyler Fischer is forklift driver at a Fred Meyer distribution center in the town of...
People Moves: Beazley Realigns to Bolster N.A. Commercial Property; Fusion Hires M&A VP From AXA XL; Promotions at Distinguished Programs
Aug 3 2022 // Beazley strengthens its North American Commercial Property offering Beazley said it restructured its large commercial property division along with its Canadian and E&S property teams to create a single North American...
Maryland’s Wage Law Can Cover Travel Required by Employer, Court Finds
Aug 2 2022 // Maryland’s wage and hour law may extend beyond the time an employee spends at a prescribed workspace to include time spent getting to the work site using transportation required by the employer, Maryland’s...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 1 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Takeaways from Our Conversation About Why Most Small-to Mid-Size Cannabis Operators Shun D&O
Aug 1 2022 // Powered by InsuranceJournal.tv Directors and officers insurance has been pricey and tough to obtain for cannabis companies since the industry started requiring coverage. D&O is difficult in most business sectors (For...
Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index
Aug 1 2022 // Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second...
