Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Missouri Barrel Maker Cited for Multiple Workplace Hazards; Fined $413.3K
Aug 9 2019 // Federal workplace safety regulators have proposed more than $413,000 in penalties after citing a Missouri-based barrel maker for multiple workplace safety hazards. The U.S. Department of Labor’s Occupational Safety...
Ohio Employer Pleads Guilty to Manslaughter After Worker Dies in Fall Off Roof
Aug 5 2019 // An Ohio construction company owner has pleaded guilty to involuntary manslaughter after a worker lacking safety equipment fell to his death from the roof of a three-story apartment complex. Owner James Coon, of Akron, also...
Cuomo Signs Bill Protecting Immigrant Workers from Workplace Harassment
Aug 5 2019 // New York Governor Andrew Cuomo has signed legislation creating penalties for discrimination or retaliation against immigrant employees into law. This law is a codification of federal case law interpreting the...
Captives Remain Profitable, Continue to Outperform Commercial Insurers, Reports A.M. Best
Aug 5 2019 // U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according...
Small Businesses Learn Hard Lessons When They Don’t Prepare for Disaster
Aug 2 2019 // When Hurricane Irma hit Puerto Rico in September 2017, Carlos Melendez couldn’t contact the staffers or customers of his San Juan-based technology firm, Wovenware. Melendez learned a lesson that would help his...
Epoq Legal Introduces Business Risk Protection Service for Legal Claims
Jul 31 2019 // Insuretech service provider Epoq Legal has rolled out a new service designed for small- to medium-sized enterprises as either an optional or mandatory product sold alongside insurance and financial services products. The...
Captives Remain Profitable, Outperform Commercial Insurers, Reports A.M. Best
Jul 30 2019 // U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according...
Viewpoint: What Insurance Industry Should Acknowledge About Small Business Cyber
Jul 30 2019 // The 2018 Verizon Data Breach Investigations Report cited that 58% of cyber-attack victims were small businesses, and the 2019 Symantec Internet Threat Report stated that employees working at small businesses were more...
Northeast Insurer Kingstone to Exit Commercial Liability Lines
Jul 25 2019 // Kingstone Companies Inc., a Northeast regional property and casualty insurance holding company, has announced that its wholly owned subsidiary, Kingstone Insurance Company (KICO), has decided to no longer underwrite...
Oklahoma Manufacturer Cited, Fined $187K for Serious Workplace Hazards
Jul 24 2019 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited HE&M Inc., a Pryor, Oklahoma-based metalworking band saw manufacturer, for exposing employees to fall, machine...
Berkshire Hathaway GUARD Expands Commercial Auto into Delaware, Kentucky, D.C.
Jul 19 2019 // Berkshire Hathaway GUARD Insurance Companies have expanded its commercial automobile product into Delaware, Kentucky, and the District of Columbia. The company’s policy is designed for local and intermediate travel...
Report: California Private Self-Insured Employers Comp Claim Frequency Rose Last Year
Jul 19 2019 // Workers’ compensation claim frequency reported by private self-insured employers in California rose last year, as the incidence of both indemnity and medical-only claims rose from the 2017 levels, the California...
Chubb Adds Small Business Coverage for Food Service Industry to Digital Platform
Jul 16 2019 // Chubb has added small business insurance to cover risks faced by the food service industry to its digital platform – the Chubb Marketplace, which features a suite of products for businesses with up to $30 million in...
Court Blocks Trump Rule on Employer Religious Exemption for Contraceptive Coverage
Jul 15 2019 // A federal appeals court upheld a lower court order that blocked the Trump administration from enforcing rules that allow more employers to deny insurance coverage for contraceptives to women. The three-judge panel of the...
Minnesota Construction Workers’ Lawsuit Accuses Employer of Wage Theft
Jul 11 2019 // A group of Rochester, Minnesota-area construction workers are pursuing a wage theft claim, testing a new state law that aims to clamp down on companies that don’t pay for labor. Minnesota Department of Labor and...
Nationwide Offers Independent Agents a Commercial Insurance Digital Storefront
Jul 9 2019 // Giant insurer Nationwide is partnering with an insurtech in an effort to speed up its product underwriting for commercial lines property/casualty agents. The technology Nationwide is deploying was developed by Ohio-based...
Illinois Metal Treating Facility Faces $181.6K in Fines for Workplace Hazards
Jul 9 2019 // A metal treating facility in Glendale Heights, Illinois, has been cited by federal officials for workplace safety violations and faces imposed penalties of $181,662. The U.S. Department of Labor’s Occupational Safety...
How Workplace Violence Costs Businesses Before and After It Happens
Jul 3 2019 // Workplace violence leaves chaos in its wake. Besides the psychic trauma, physical injuries and even sometimes fatalities, there are enormous financial impacts. Some are obvious, but many show up only with insightful...
Kentucky Businesses Awarded $700K to Fight Opioid Addiction in the Workplace
Jul 2 2019 // The Kentucky Chamber Workforce Center has been awarded about $700,000 in grant money to identify how businesses can prevent opioid addiction in the workplace and help employees recover. The Lexington Herald Leader reports...
Uncertainty Follows Grief When Small Business Owners Die Without Succession Plans
Jun 28 2019 // When Jim McLaughlin died suddenly from a heart attack at age 64, his family assumed they would have to close his homebuilding business. He’d made no plans for someone to succeed him at McLaughlin Construction, and...
