Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
The Hartford Names Tooker as Head of Middle Market Segment
Mar 30 2017 // The Hartford has named A. Morris “Mo” Tooker, currently chief underwriting officer, as head of its Middle Market segment. Tooker remains chief underwriting officer for the company’s property/casualty...
Florida Court to Hear Lawsuit Against Employer, Wife of Nightclub Shooter
Mar 29 2017 // A lawsuit brought by victims of the Orlando nightclub massacre against the gunman’s employer and wife was withdrawn from federal court and filed in state court in South Florida on Monday. Attorneys for 61 Pulse...
Congress Nullifies Obama Workplace Injury Reporting Rule
Mar 24 2017 // The U.S. Senate (50-48) joined the House (231-191) in passing a resolution blocking a federal workplace injury and accident reporting rule put in place by the Obama Administration last December. The Department of Labor...
Chubb Introduces Online Workers’ Comp Policy System for Small Business Agents
Mar 23 2017 // Chubb has introduced a new online system for independent agents that will quote and issue a comprehensive workers’ compensation policy for small businesses. Chubb’s workers’ compensation policy for small...
Pinnacol Issues $50M in Workers’ Comp Dividends to Colorado Employers
Mar 22 2017 // Colorado workers’ compensation insurer Pinnacol Assurance is distributing $50 million in dividend checks this month to its policyholders. More than 53,000 employers throughout the state — roughly 94.2 percent of...
Maryland-Based Chesapeake Employers’ Insurance Company Promotes Adelman
Mar 22 2017 // Chesapeake Employers’ Insurance Company, a Towson, Md.-based provider of workers’ compensation insurance, has promoted Joan Adelman to vice president of legal services. In her new role, Adelman is responsible...
Prescription Drugs in the Workplace
Mar 20 2017 // More than 70 percent of United States employers are feeling the direct impact of prescription drug misuse in their workplaces, according to a survey from the National Safety Council. The survey, How the Prescription Drug...
New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact
Mar 20 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
Some Kansas Lawmakers Want State, not Feds, to Regulate Workplace Safety
Mar 16 2017 // Some Kansas lawmakers want the state to take over the job of writing and enforcing workplace regulations, despite concerns by a labor rights group that the change could water down safety oversight. Lawmakers and some...
Ohio Workers’ Comp Bureau Proposes $1B Employer Rebate
Mar 16 2017 // Ohio’s fund for injured workers wants to return more than $1 billion of its investment earnings to the state’s 200,000 private and public employers. The Ohio Bureau of Workers’ Compensation proposed the...
RSA Names Gearey as Managing Director of Commercial Risk Solutions
Mar 16 2017 // London-based RSA has appointed James Gearey as managing director for Commercial Risk Solutions (CRS) from June 5, 2017, subject to regulatory approvals. Gearey has spent the past nine years at Siemens Financial Services,...
Florida Insurance Agency Employee Accused of Stealing $1M From Employer
Mar 15 2017 // A Florida insurance agency employee was arrested following an alleged scheme that officials claim bilked her Ft. Lauderdale-based employer out of more than $1 million, according to a statement from Chief Financial Officer...
What’s Been Happening with Commercial Insurance Prices: Willis Towers Watson
Mar 13 2017 // Most commercial insurance prices in the U.S. were nearly flat during the fourth quarter of 2016, although prices continued to go up for commercial auto. The most recent Commercial Lines Insurance Pricing Survey (CLIPS)...
Top 10 Highest-Performing Large Commercial Insurers: J.D. Power
Mar 13 2017 // XL Catlin was 2016’s highest-performing large commercial insurer in terms of customer satisfaction, according to the latest J.D. Power study. CNA, Chubb, Berkshire Hathaway Homestate Companies and a pre-merger ACE...
Employers Struggle to Manage Benefits Covering Specialty Drugs
Mar 10 2017 // Twenty-seven percent of employers are offering their employees a high deductible plan with co-insurance as part of their specialty drug benefit, and although this strategy helps to lower insurance premiums, it can also...
70% of Employers Say Prescription Drug Abuse Affects Workplace
Mar 10 2017 // More than 70 percent of United States employers are feeling the direct impact of prescription drug misuse in their workplaces, according to a survey from the National Safety Council. The survey, How the Prescription Drug...
New Bill Grants Bonding Assistance to Small Businesses in New Jersey
Mar 6 2017 // A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Gov. Chris Christie on Jan. 4, introduces a new...
Florida Launches Online Workers’ Comp Insurer Database for Employers
Mar 6 2017 // The Florida Division of Workers’ Compensation has formed an online insurance company database to assist Florida business owners with obtaining workers’ compensation coverage. According to a statement from the...
Massachusetts Man Sentenced for Stealing $1.5M from Employer
Mar 2 2017 // The former controller for a Milford, Mass.-based developer has been sentenced to up to three years in prison for stealing nearly $1.5 million from the company. Sixty-one-year-old Michael Lussier was sentenced Monday after...
New York Cyber Regs Take Effect, Mid-Sized Firms Could See Biggest Impact
Mar 1 2017 // As the insurance industry has closely followed developments regarding The New York State Department of Financial Services’ (DFS) cybersecurity regulation, concerns remain in terms of how the final regulation, set to...
