Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Illinois Emergency Medical Service Provider Fined $290K for Workplace Hazards
Jul 14 2016 // Federal safety and health investigators have cited Altamont Ambulance Service Inc. in Fairview Heights, Ill., for workplace safety and health violations and find the company $290,100. The federal Occupational Safety and...
Texas Companies Fined $120K for Safety Violations, Workplace Hazards
Jul 13 2016 // Unsafe working conditions have landed combined fines of more than $120,000 for two companies operating in the Texas oil and gas sector. Exterran Energy Solutions LP and South Texas Specialty Welders LLC were cited by...
Mesirow Insurance Joins Alliant Insurance Services’ Middle Market Unit
Jul 13 2016 // Chicago-based Mesirow Insurance Services (MIS), a division of Mesirow Financial, has joined Alliant Insurance Services’ middle market platform, Alliant Americas. Terms of the agreement were not disclosed. Founded in...
California Agent Allegedly Took $100K from Employer And Clients
Jul 12 2016 // Suren Hovhannisyan, 27, a licensed insurance agent of North Hollywood, Calif., was arrested at his residence this week on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after...
Commercial Insurance Rate Cuts Slowed in June: MarketScout
Jul 5 2016 // The composite rate for commercial insurance placed in the United States moderated in June to minus 1 percent from minus 2 percent in May 2016. “Insurers are getting tired of cutting rates,” said Richard Kerr,...
PartnerRe Reorganizes Business Units to Align with Client Needs
Jul 1 2016 // PartnerRe Ltd. announced the formation of a new organizational structure designed to make it easier for clients to do business with the company. “The restructuring of PartnerRe’s business is aimed at better...
XL Catlin Marine Business Unit Adds 3 in San Francisco
Jul 1 2016 // XL Catlin hired Frank Basich as senior member of the XL Catlin marine underwriting team in San Francisco. Basich is responsible for inland marine business in the western states, exercising his 25-plus years of experience...
Prime Property & Casualty Expands into Florida Commercial Auto Market
Jun 24 2016 // Prime Property and Casualty Insurance Inc. (PPCI) has expanded into the Florida commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI is able to insure...
U.S. Issues Final Commercial Drone Regulations
Jun 22 2016 // The Federal Aviation Administration has finalized the first operational rules for routine commercial use of small unmanned aircraft systems or drones opening pathways towards fully integrating UAS into the nation’s...
Travelers to Offer Small Business Insurance in UK via Online Platform
Jun 22 2016 // The Travelers Cos. Inc. announced it will offer insurance directly to UK small businesses with fewer than 10 employees and less than £2.5 million ($3.7 million) in revenues. The online platform will initially be available...
A New Market For Distressed Commercial Auto Risks In Florida
Jun 21 2016 // Chicago, IL, June 21, 2016 – Prime Property and Casualty Insurance Inc. (“PPCI”) has rolled into the Florida commercial auto market as a bold new admitted carrier specializing in insurance solutions for...
Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
Jun 20 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the...
Small Businesses Ask California Legislature to Reauthorize, Amend COIN
Jun 15 2016 // The Small Business Investor Alliance is throwing its support for behind a bill to reauthorize and amend the California Organized Investment Network program. Assembly Bill 2728 will reauthorize COIN and ensure that...
Startup Embroker CEO Miller Pursues ‘Massive Improvement’ Over Disruption in Commercial Insurance Brokerage
Jun 15 2016 // Within venture capital circles, the insurance industry is sexy right now. It seems not a week goes by without another startup being announced, some with niche angles such as peer-to-peer distribution, insurance for...
Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
Jun 13 2016 // Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the...
Assurant, MyDigitalShield to Offer Small Business Data Breach Support
Jun 9 2016 // Assurant, Inc. has teamed up with cybersecurity specialist MyDigitalShield to help protect small businesses against losses from data breaches. Assurant will provide support for MyDigitalShield’s data breach...
Chubb Offers Package Policy for UK & Ireland Middle Market Firms
Jun 8 2016 // Chubb has launched a comprehensive single property and liability package insurance policy for middle market businesses in the UK and Ireland. “MasterPackage” is designed to meet the needs of UKI business with...
Court Hears Appeal of Expanded Joint Employer Liability Rule
Jun 8 2016 // A California waste management company at the center of a closely watched case told a U.S. appeals court on Tuesday that the new U.S. labor board standard for “joint employment” is so broad and vague that it...
Shults to Lead The Hartford’s Middle Market Central Division Sales, Underwriting
Jun 6 2016 // The Hartford has appointed Mark Shults as division executive for Middle Market sales and underwriting operations in The Hartford’s Central Division. He is based in Frisco, Texas. The Central Division encompasses...
P/C Commercial Insurance Business Expected to Deteriorate
Jun 6 2016 // Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The expected decline would...
