Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
COVID-19 and Workers’ Comp a Moving Target, But Some Certainties Exist for Employers
Nov 16 2020 // This year could be the most controversial rate recommendation in the 107-year history of the California workers’ compensation system. Why? Because we are dealing with a virus we’ve never experienced before. The...
Sexual Harassment in the Workplace
Nov 16 2020 // More than seven in 10 people who experienced workplace sex harassment faced some form of retaliation — including termination, being sued for defamation and denial of promotions, according to a recent report. More...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
Nov 16 2020 // Global commercial insurance pricing rocketed 20% higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the largest...
Markets/Coverages: Slice Labs, AXIS Insurance to Offer Home Based Business Coverage
Nov 13 2020 // Slice Labs Inc. and AXIS Insurance have partnered to distribute AXIS Home Based Business insurance, an on-demand digital commercial insurance product designed for home businesses not covered by traditional homeowners...
Employers Facing Wave of Lawsuits by Parents Fired During Pandemic
Nov 12 2020 // Parents who’ve lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since March, working...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
Nov 6 2020 // Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the...
Cincinnati Global Picks Hernandez, Seakens to Lead 2 New Business Lines
Nov 5 2020 // Cincinnati Financial Corp.’s London-based global specialty underwriting subsidiary, Cincinnati Global Underwriting Ltd., will begin writing two new lines of business: contingency and specie. Contingency insurance...
Ohio to Return $5B From Injured Workers Fund to Employers
Oct 30 2020 // Ohio employers will receive a record $5 billion in repayments from the state insurance fund for injured workers to help with the financial impact of the coronavirus pandemic, Gov. Mike DeWine and the fund’s...
The Coronavirus Pandemic and The Great Workplace Debate: Viewpoint
Oct 30 2020 // Decisions on where and how to work are embodied in trillions of dollars of investment worldwide, including the siting of commercial and residential real estate as well as transportation systems and other...
ISO Business Auto Form and Endorsement Revisions
Oct 23 2020 // Effective November 1, 2020, Insurance Services Office (ISO) is introducing 19 new endorsements for its business auto program. Many of these changes are the result of requests from IIABA’s Technical Affairs...
California Electrician Sentenced for Defrauding Workers’ Comp Providers, Employers
Oct 22 2020 // Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal probation after pleading no contest to two felony counts of insurance fraud after illegally working for...
As Employees Have Stressed Out During Pandemic, Many Employers Have Stepped Up
Oct 21 2020 // The coronavirus pandemic has put millions of Americans out of work. But many of those still working are fearful, distressed and stretched thin. A quarter of U.S. workers say they have even considered quitting their jobs as...
Employers Asked to Reveal Data to Test Their Diversity Pledges
Oct 16 2020 // More data disclosure will help investors, employees and customers judge the pledges many American companies have made to diversify their workforces and boardrooms, activists and analysts said on Tuesday. Companies should...
New Guy Carpenter Unit Serves Carriers, MGAs in Program Business Market
Oct 14 2020 // Global reinsurance broker Guy Carpenter & Co. has started a new dedicated unit to provide services to insurance carriers and managing general agencies (MGAs) operating in the program business market. The new unit, GC...
Munich Re Specialty Launches E&O Covearge for Mid-Sized Law Firms
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms. The LPL policy provides up to $5 million in...
Gulino to Lead The Hartford’s Middle/Large Commercial Insurance Central Division
Oct 8 2020 // Bob Gulino has been appointed as head of The Hartford’s Central Division for the company’s middle and large commercial insurance business. Gulino now leads the sales and underwriting operations for the...
EPIC Adds MetLife’s Johnson to National Employer Consulting Practice in Atlanta
Oct 8 2020 // EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has added Robert Johnson as principal. Johnson’s primary focus will be new client...
Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal
Oct 6 2020 // Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than they have been able to thus far on their own, Carrier Management...
Berkshire Hathaway GUARD Expands Commercial Package Coverage into Illinois
Oct 1 2020 // Berkshire Hathaway GUARD Insurance Companies has added Illinois to the list of states where the insurer offers its Commercial Package Policy. The product includes commercial property featuring limits up to $120 million per...
Chubb Names Updyke as Division President of Chubb Small Business
Sep 29 2020 // Insurer Chubb has named Jeffrey Updyke as vice president, Chubb Group, and division president, Chubb Small Business. In this capacity, Updyke will have executive responsibility for Chubb’s retail insurance business...
