Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Arch Insurance Europe Buys Ardonagh Group’s UK Commercial Lines Business
Nov 1 2018 // Arch Insurance Europe has purchased the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquisition will give Arch a meaningful presence and an extended...
LMC Insurance to Offer Health Insurance Pool for Mid-Size Iowa Firms
Oct 31 2018 // LMC Insurance and Risk Management (LMC Insurance) is launching a new health insurance plan underwritten by Wellmark Blue Cross and Blue Shield for Iowa-based employers with 51-500 eligible employees. The program, referred...
Chubb Adds Small Business Coverage for Manufacturers to Marketplace Platform
Oct 31 2018 // Chubb has added Small Commercial Insurance (SCI) coverage for risks faced by small manufacturers to its digital platform – the Chubb Marketplace, which features a broad and customizable suite of products for...
Nevada-Based Employers Holdings Reports $47.6M in Earnings
Oct 26 2018 // Employers Holdings Inc. reported third-quarter earnings of $47.6 million. The Reno, Nevada-based company said it had profit of $1.43 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share. The...
Employers, Employees Disconnect Over #MeToo Effect
Oct 26 2018 // Ask employers how they’re doing on sexual harassment in the workplace and most will say pretty well. Employees have a different take. Nearly 70 percent of leaders “strongly agree” that their workplace...
Families Await Justice in North Dakota Oilfield Workplace Lawsuits
Oct 25 2018 // Brenda Austin was worried when her son, Casey, told her he planned to work in North Dakota’s Bakken oilfield in early 2013. “Don’t worry. I’ll be in a safe spot,” he told her when he left...
Workplace Shuttle Bus Overturns in Texas, Killing 1
Oct 25 2018 // A shuttle bus transporting contract workers from a Southeast Texas liquid natural gas plant overturned and rolled down a roadside embankment, killing one person and injuring 30 others. The crash happened Tuesday afternoon...
Louisiana Citizens’ Commercial Insurance Policy Rates to Drop Next Year
Oct 18 2018 // A rate decrease request for commercial property policies filed by Louisiana’s property insurer of last resort has been approved by the state’s insurance commissioner. Commissioner of Insurance Jim Donelon has...
Zurich North America Names Butt to Lead Casualty for Commercial Insurance
Oct 15 2018 // Valerie Butt has been named Head of Casualty for Zurich North America Commercial Insurance. Butt will lead the casualty business with responsibility for new and renewal business. Butt takes on the role that was vacated...
Indian Employers Pressured to Take More Seriously Surge in #MeToo Allegations
Oct 12 2018 // Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week. At least one major Indian...
#MeToo Brings Positive Changes and Unintended Consequences to Workplaces
Oct 9 2018 // Has the workplace changed in the year since New York Times reported the first allegations against movie producer Harvey Weinstein? At the very least, many powerful men have altered their behavior, according to a new survey...
Senate Approves Bill on Commercial Drones, Airline Passengers, Disaster Relief
Oct 4 2018 // Airline passengers can no longer be removed from flights under legislation that passed the Senate on Wednesday, while the government will write new rules to allow commercial drones to deliver packages and get new authority...
Washington Employers May See Big Drop in Workers’ Comp Costs
Oct 1 2018 // The price of workers’ compensation insurance in Washington could drop significantly in 2019. The Washington Department of Labor & Industries in late September proposed a 5 percent decrease in the average premium...
TAIPA Files Private Passenger, Commercial Auto Rate Increases
Oct 1 2018 // The Texas Automobile Insurance Plan Association filed rate increases of 4.9 percent for private passenger auto insurance and 3.9 percent for commercial auto coverage. The proposed rate increases for new and renewal...
Commercial Auto: Profitability Issues Remain, but There’s Light at the End of Tunnel
Oct 1 2018 // Despite insurers’ best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two major carriers have...
New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses
Sep 28 2018 // Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and...
Hahn Named President of Westfield’s Small Business Unit
Sep 28 2018 // Westfield Center, Ohio-based property/casualty insurer, Westfield, has named Robyn Hahn as president of its Small Business unit. Hahn more than 25 years of diverse experience in the insurance industry and has held senior...
Puerto Rico’s Small Businesses Were Underinsured for Maria Damages
Sep 28 2018 // Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year’s Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, according to a...
Workers Overdose On the Job and Employers Struggle to Respond
Sep 26 2018 // PORTLAND, Ore. — Jimmy Sullivan prepared for his job as a bricklayer the same way every morning for years: injecting a shot of heroin before leaving his car. The first time he overdosed on the job, in 2013 at a Virginia...
New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona
Sep 25 2018 // Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will...
