Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
NFIB, Markel to Offer Workers’ Comp Coverage to Small Businesses
Jan 20 2016 // The National Federation of Independent Business (NFIB) and Markel FirstComp, a division of Markel Service, Inc., have formed a new relationship through which eligible small business owners across the country can qualify...
AIG Increases Global Commercial Property Limits to $2.5B
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
Washington Refinery Fined Nearly $325K for Workplace Violations
Jan 19 2016 // Washington’s Department of Labor & Industries has fined Phillips 66 Refinery $324,000 for failing to correct serious workplace safety and health violations. An L&I inspection of the Ferndale facility found...
Workplace Deaths Down in North Dakota Oil Patch
Jan 15 2016 // The number of work-related deaths in the North Dakota oil patch in 2015 dropped from the previous year. Occupational Safety and Health Administration data show three such fatalities last year, down from seven in 2014 and...
North Carolina Cracks Down on Employers Lacking in Workers’ Comp Coverage
Jan 12 2016 // The commission responsible for enforcing workers’ compensation laws in North Carolina has cracked down in the last year on employers who don’t carry proper insurance, collecting $1 million in civil fines from...
AIG Bets on Workplace Safety Wearables with Investment in Startup HCS
Jan 6 2016 // Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more...
VistaNational Insurance Acquires Business Insurance Underwriters
Jan 5 2016 // Oak Brook, Ill.-based VistaNational Insurance Group Inc. has acquired Business Insurance Underwriters of Wheaton, Ill. Terms of the transaction were not disclosed. VistaNational Insurance specializes in employee...
Tokio Marine Kiln Appoints Dreblow as Head of Corporate & Commercial Property
Dec 30 2015 // Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has appointed Paul Dreblow as head of Corporate and Commercial Property in its London office. The newly created position will see Dreblow...
IRS Extends Employers’ Reporting Deadlines Under Obamacare
Dec 29 2015 // The U.S. Treasury and Internal Revenue Service said they are extending some Affordable Care Act reporting deadlines to help companies meet the requirements. Employers will have two more months past Feb. 1 to give...
Survey: 80% of Employers Impacted by Prescription Drug Abuse
Dec 21 2015 // A recently released survey of Indiana employers shows that 80 percent have been impacted by prescription drug misuse and abuse, including opioid painkillers, in their workplaces, the state attorney general’s office...
Don’t Treat Small Business Accounts Like Personal Lines
Dec 21 2015 // In the mad rush to economize on and digitize virtually every insurance transaction and relationship activity, some small-business owners are getting shortchanged — and that’s shortsighted. Still, the growing...
Softening of P/C Commercial Markets to Continue: Fitch
Dec 21 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
After San Bernardino Shooting, Businesses Review How to Handle Workplace Violence
Dec 18 2015 // The terror attack at a social services facility in California has become a sobering reminder to companies of how vulnerable workplaces can be when employees are confronted with active shooters. Since a gun-wielding...
Clear Blue, New U.S. Commercial Insurance Fronting Operation, Opens for Business
Dec 15 2015 // A newly-formed commercial insurance fronting provider, Clear Blue Financial Holdings LLC, said it has officially launched with two fully-licensed fronting carriers and will begin servicing clients immediately. To launch...
Nationwide Launches New Online Quoting System for Small Business Agents
Dec 11 2015 // Nationwide is launching FastPath, a quicker commercial quoting system for insurance agents serving small-business clients. Features of FastPath include: Faster quoting with an average of 80 percent fewer...
Softening of P/C Commercial Markets, Including D&O, to Continue: Fitch
Dec 8 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
Maryland Issues Bulletin on Commercial Policy Termination Notices
Dec 7 2015 // Property/casualty insurers writing commercial policies in Maryland are no longer required to file the cancellation or nonrewal notices they send out to insureds for approval, the Maryland Insurance Administration (MIA)...
Furniture Maker, Staffing Agency Fined $161K for Texas Workplace Hazards
Dec 4 2015 // Furniture manufacturer, MooreCo Inc., and Milwaukee-based Manpower Group US Inc., a staffing agency, have been cited by federal safety regulators for exposing temporary workers to workplace hazards at a MooreCo plant in...
Main Street America Launches Commercial Lines Cyber Risk Coverage
Dec 4 2015 // The Main Street America Group has launched a cyber risk protection offering designed for “Main Street” businesses in 19 states across the country. The coverage, available through Main Street America’s...
Cyber Insurance Rates Up, Unlike Other Commercial Rates
Dec 3 2015 // Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the latest analysis from...
