Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
How Comparing Drug Prices Lowers Costs for Employers and Patients
Feb 12 2020 // A University of California at Berkeley study has found that a “reference pricing model” — comparing brand name and generic medications and adjusting co-pays to encourage patients to choose the lowest cost...
Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh
Feb 12 2020 // Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest...
How Costs for Obesity in Workplace Vary by Industry
Feb 11 2020 // Although obese employees incur higher direct and indirect costs, the extent of obesity-related costs tends to be lower in some industrial sectors than others— including healthcare, reports a study in the February Journal...
Top Workplace Discrimination Claims
Feb 10 2020 // Top Workplace Discrimination Claims Retaliation is again the number one discrimination charge filed with the Equal Employment Opportunity Commission (EEOC), followed by disability, race, sex and age. Each year the EEOC...
Workplace-Related Deaths on the Rise in Connecticut
Feb 7 2020 // The number work-related deaths in Connecticut in 2018 was the highest it’s been since 2010, according to the state Department of Labor. The agency said 48 people lost their lives to work-related injuries in 2018, the...
Berkshire Hathaway GUARD Expands Commercial Package Coverage Into Michigan
Feb 6 2020 // Berkshire Hathaway GUARD Insurance Companies has added Michigan 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...
Top Workplace Discrimination Claims
Jan 28 2020 // The Equal Employment Opportunity Commission (EEOC) has detailed breakdowns for the 72,675 charges of workplace discrimination the agency received in fiscal year 2019. The FY 2019 data show that retaliation continued to be...
Colorado Lawmakers Want to Toughen Workplace Harassment Protections
Jan 27 2020 // A proposal to rewrite Colorado’s rules for workplace harassment claims is expected to be introduced soon at the state capitol. It would change things for employers by limiting the use of confidentiality agreements in...
Commercial Air Travel Passenger Death Rate Continues to Decline: MIT Study
Jan 27 2020 // It has never been safer to fly on commercial airlines, according to a new study by an MIT professor that tracks the continued decrease in passenger fatalities around the globe. The study finds that between 2008 and 2017,...
Survey: Louisiana Private Workplace Injury, Illness Numbers Unchanged in 2018
Jan 27 2020 // The Louisiana Workforce Commission reports that the incidence rate of work-related injuries and illnesses among Louisiana’s private sector employers was essentially unchanged in 2018, according to a recent Bureau of...
Liberty Mutual’s Irish Insurer Exits Several Lines Including Commercial Liability, Property
Jan 17 2020 // Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business. Liberty will continue to provide services and...
Liberty Mutual Surety Launches Product Line for Small, Mid-Size Contractors
Jan 17 2020 // Liberty Mutual Surety has launched a new product line dedicated to contract transactional and small- to mid-sized surety business. Liberty Mutual Surety Plus is available through independent agents and serves contractors...
Little Change in Louisiana Employer-Reported Workplace Injuries, Illnesses in 2018
Jan 16 2020 // The Louisiana Workforce Commission reports that the incidence rate of work-related injuries and illnesses among Louisiana’s private sector employers was essentially unchanged in 2018, according to a recent Bureau of...
USI Names Gilbertson Commercial Lines Practice Leader in San Francisco
Jan 15 2020 // USI Insurance Services has named Peter Gilbertson commercial lines practice leader for the Greater San Francisco Bay Area. Gilbertson, who is based in San Francisco, will be responsible for leading a team of...
Russell Joins POWERS Insurance as Commercial Lines Account Manager
Jan 14 2020 // POWERS Insurance & Risk Management in St. Louis, Missouri, has hired Amy Russell as commercial lines account manager. Russell has more than 20 years of experience in the insurance and marketing industries. In this...
Perez Joins Atlanta-Based SIU’s Commercial P&C Team
Jan 14 2020 // Southern Insurance Underwriters, Inc. (SIU) has added Jose Perez to the Commercial Property and Casualty underwriting team. Perez comes to SIU with more than 20 years of experience in the insurance industry and a penchant...
Trump Administration Issues New Rule on Joint Employer Liability
Jan 13 2020 // The Trump Administration announced a final rule setting forth standards for determining joint employer status under the Fair Labor Standards Act (FLSA), a rule that has been sought by franchisers and companies that employ...
New Kentucky Governor Restores Workplace Safety Board
Jan 13 2020 // Kentucky Gov. Andy Beshear is restoring a workplace safety board that was abolished by former Gov. Matt Bevin. Beshear said on Friday the move to reestablish the 12-member Occupational Safety and Health Standards Board is...
How Technology Can Transform the Way Agencies Sell and Service Commercial Lines
Jan 13 2020 // Consumers are embracing digital purchasing habits, and that is creating new challenges for independent insurance agencies. At first these were only seen on the personal lines side of the business — in the forms of...
W.R. Berkley Names Levesque President of Preferred Employers; Gallacher Now Chairman
Jan 3 2020 // W. R. Berkley Corp. has appointed Dennis J. Levesque as president of its Preferred Employers Insurance subsidiary, a California specialty workers’ compensation writer. He succeeds Steven A. Gallacher, who has been...
