Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
New Florida Workers’ Comp Rules in Effect for Employer Penalties, Exemptions
Jul 26 2023 // This month, a number of new workers’ compensation rules took effect in Florida, affecting penalties for employers who fail to obtain comp insurance and setting new requirements for exemptions for corporate...
GOP Attorneys General Shift Battle Over Affirmative Action to Workplace
Jul 20 2023 // Thirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using race as a factor in hiring and employment practices, demonstrating how the Supreme...
People Moves: AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business; Miller Expands US Casualty Team With 2 Hires From Price Forbes
Jul 18 2023 // AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business AXA XL Insurance appoints Adele Smith as head of Mid-Market Generalist in the next phase of its targeted U.S. Mid-Market insurance business...
People Moves: Powers Hires Favazza as Commercial Lines Risk Management Advisor; Ryan Specialty Appoints D’Onofrio CEO and Alvin CUO
Jul 13 2023 // Powers Insurance & Risk Management Hires Favazza as Commercial Lines Risk Management Advisor Powers Insurance & Risk Management, headquartered in St. Louis, Mo., hired Giovanni “Johnny” Favazza as...
Arthur J. Gallagher Acquires Benchmark Commercial Insurance Services in California
Jul 13 2023 // Arthur J. Gallagher & Co. acquired Carlsbad, California-based Benchmark Commercial Insurance Services. Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of...
People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance
Jul 12 2023 // This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows here. Aon Names UK Leaders for Reinsurance Solutions Insurance broker Aon plc outlined the...
Workers’ Compensation Undercuts Employer Liability Exclusion, U.S. Appeals Court Rules
Jul 11 2023 // Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the...
Markets/Coverages: Zurich Launches Cyber for Middle Market
Jul 11 2023 // Zurich North America introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only cyber Insurance coverage but also...
NSM Acquires Shield Commercial Insurance Services in California
Jul 11 2023 // NSM Insurance Group acquired Shield Commercial Insurance Services in Palm Desert, California. Shield specializes in insurance solutions for the general contractor and construction liability space. Shield is focused on...
Why Labor Unions Are Gaining Leverage in Contract Talks With Big Employers
Jul 10 2023 // U.S. union workers are finding more solid footing during contract negotiations with employers as a tight labor market allows employees to flex more bargaining power. Airline pilots, railroad employees, dockworkers, and...
California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses
Jul 7 2023 // Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California...
Top Global Business Risks and Their Effects on the Insurance Industry
Jul 5 2023 // This post is part of a series sponsored by AgentSync. Exploring the Top Global Business Risks of 2023 and Their Effects on the Insurance Industry Earlier this year, international corporate insurance carrier Allianz Global...
Supreme Court to Consider Scope of Workplace Bias Law
Jul 3 2023 // The U.S. Supreme Court on Friday agreed to decide whether workers can bring discrimination lawsuits based on unwanted workplace transfers that were allegedly motivated by bias, an issue that can make or break many...
Fitch: Hardening Commercial Lines Market to Continue Through 2023
Jul 3 2023 // This year will mark the fourth year of a hardening market for the commercial lines underwriting cycle, according to the latest US Commercial Lines Market Update released by Fitch Ratings. The Council of Insurance Agents...
Nationwide E&S Exits Commercial Auto Effective July 15
Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...
EEOC Warns Employers to Check AI Workplace Monitoring Tools for Bias
Jun 19 2023 // The head of the U.S. agency charged with enforcing civil rights in the workplace says artificial intelligence-driven “bossware” tools that closely track the whereabouts, keystrokes and productivity of workers...
Three Texas Companies Recognized for Workplace Safety
Jun 14 2023 // The Texas Department of Insurance Division of Workers’ Compensation (DWC) awarded three companies the Lone Star Safety Award for their exemplary workplace health and safety programs and low rates of work-related...
Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS
Jun 14 2023 // Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS). CLIPS found the aggregate price change for U.S....
California Restaurants Offered Priest to Extract Confessions of Workplace ‘Sins’
Jun 14 2023 // Federal wage and hour investigators say a northern California restaurant attempted to use an alleged priest to get employees to admit workplace “sins.” During litigation by the U.S. Department of Labor in...
Fitch: Hardening Commercial Lines Market to Continue Through 2023
Jun 13 2023 // This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest US Commercial Lines Market Update released by Fitch Ratings. The Council of Insurance Agents &...
