Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Companies May Be Employers of Contract, Franchise Workers Under US Labor Rule
Oct 30 2023 // A U.S. labor board on Oct. 26 issued a final rule making it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, reviving an Obama-era standard heavily...
The Hartford Q3 Income Jumps 93% on Commercial Lines Results
Oct 27 2023 // The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment. The Hartford, Connecticut-based insurer said third quarter net income in commercial lines...
Employee Receives $44K for Vermont Employer’s Retaliatory Firing
Oct 27 2023 // Kingsbury Companies LLC has paid a worker $40,000 in punitive damages and $3,901 in back pay after the company terminated the employee in retaliation for speaking with the employer and other employees about whether they...
Risk Strategies Acquires North Bay Business Unit of InterWest Insurance Services
Oct 25 2023 // Risk Strategies acquired North Bay, a business unit from InterWest Insurance Services LLC, adding specialty expertise to its Wineries Practice. Along with offices in Petaluma, California and Santa Rosa, California, the...
California Insurance Agent Arraigned for Allegedly Stealing from Small Business Owners
Oct 24 2023 // Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation found she allegedly stole more than $62,000...
Asbestos Wrongful Death Claim Allowed Against Employer as Workers’ Comp Exception
Oct 24 2023 // A Connecticut appeals court has revived a wrongful death claim that tests a narrow exception to the state law that makes workers’ compensation the exclusive remedy for most workplace deaths and injuries. Harold...
UK Commercial Property Defaults Rise as Rate Hikes Hit Borrowers
Oct 17 2023 // The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in interest rates feeds through to property valuations. The overall default rate on UK commercial real estate debt reached...
Memorial Honors 1911 Factory Fire Deaths That Galvanized Push for Workplace Safety
Oct 13 2023 // If people really looked for history at the New York City building where the Triangle Shirtwaist factory once existed, they could find it. There are plaques pointing out that it was the site of a horrific fire in 1911 that...
Study: Most Commercial Auto Insurance Businesses Researching Telematics
Oct 12 2023 // Approximately 78% of commercial auto insurers are in the research phase of preparing for usage-based insurance (UBI) products, according to a new report from The National Alliance for Insurance Education and Research and...
75% of Small Businesses Are Underinsured, Says Hiscox Survey
Oct 11 2023 // Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets. Small businesses are an essential part of the US economy, with 56 million workers...
Middle-Market Companies Report Performance Improvements
Oct 10 2023 // New data from Chubb and the National Center for the Middle Market shows nearly 75% of middle-market companies report an improvement in overall performance compared to last year — a record high statistic shared in the...
People Moves: Talkowski to Lead Nationwide Middle Market Commercial Lines Team; Showalter New Head of Client Experience at Hub Private Client
Oct 4 2023 // Nationwide has hired Kristina Talkowski from CNA to head up its middle market commercial lines business. Starting Oct. 16, she will be tasked with executing Nationwide’s long-term commercial lines insurance strategy...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit
Oct 4 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the...
Employer Hosting Golf Outing Not Liable for Drunk Driver, Pennsylvania High Court Says
Oct 2 2023 // The Pennsylvania Supreme Court has declined to extend the state’s liquor liability law to social hosts. The high court cited a half-century of precedent in upholding lower courts in a case where an employer hosting a...
Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey
Sep 29 2023 // Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their organizations at risk, according to a recent poll by Insurance Bureau of Canada...
RT Specialty Expands RT Connector for Small Commercial Market
Sep 28 2023 // RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced its continued expansion of RT Connector, which provides digital solutions for...
UK Workers Take Most Sick Leave in More Than a Decade: Employer Survey
Sep 26 2023 // British workers took the most sick leave in more than a decade during the past year, a survey of employers showed on Tuesday, adding to signs of a lasting increase in ill health since the COVID-19 pandemic. The Chartered...
VIAA Adds Two Missouri Agencies to Commercial Marketing Pod Program
Sep 25 2023 // Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois, recently welcomed two alliance agencies to its members-only Commercial Marketing pod...
Indiana Workplace Officials Investigate Death of Man Injured While Working on Machine at Evansville Plant
Sep 22 2023 // EVANSVILLE, Ind. (AP) – Workplace safety officials are investigating the death of a southwestern Indiana man this week after he was injured at an Evansville plant. Christopher L. Payton, 59, died Monday after he suffered...
Next Insurance Offering Allows Agents to Customize Small Business Quotes
Sep 22 2023 // Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder...
