Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Chubb Launches Global Climate Business Unit
Jan 4 2023 // Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The...
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing
Dec 29 2022 // With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in...
Hilb Group Expands in New York Region With Commercial Book Acquisition
Dec 20 2022 // The Hilb Group has acquired a book of commercial property/casualty business in the tri-state region. Hilb Group did not identify the seller or size of the book of businesses. The business will be managed by Williston Park,...
Transgender Worker Sues New Hampshire Employer Alleging Bias in Health Plan
Dec 19 2022 // A transgender woman in New Hampshire filed a discrimination complaint Friday against the manufacturing company where she works as a machinist, challenging its exclusion of gender-transition health coverage. The complaint...
Aston Lark Buys Commercial Direct Marine Trade Book From Navigators & General
Dec 14 2022 // Aston Lark, a Howden company, announced the acquisition of the commercial direct marine trade book from Navigators & General (N&G), part of Zurich UK, to expand its range of insurance products for the marine...
Wisconsin Manufacturer Fined $250K for Workplace Hazards
Dec 13 2022 // Federal safety inspectors have determined that a falling load from a below-the-hook magnet crushed the leg of an employee at a Kewaunee heavy fabrication manufacturing company on June 7, 2022. In response to a...
U.S. Commercial Lines Prices Up 5% in Q3: WTW
Dec 13 2022 // With the exception of directors & officers liability and workers compensation, nearly all lines of business in the U.S. continued to see rate increases in the third quarter of 2022, according to WTW’s Commercial...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation
Dec 8 2022 // As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report. Rate changes at renewal remained strong,...
Fire Damages Commercial Buildings in Indiana Town
Dec 6 2022 // A fire in downtown Columbus destroyed a commercial building containing offices and a photo studio and left three firefighters with minor injuries early Sunday. A passerby discovered the fire and called 911 around midnight....
OSHA Fines Illinois Dollar Tree $364K for Workplace Exposure Violations
Dec 5 2022 // With holiday shopping nearing its peak, federal workplace safety inspectors have again found Dollar Tree Stores Inc. – one of the nation’s largest discount retailers – exposing workers in Matteson, Illinois to...
Michigan’s Ford Credit Company to Launch Commercial Vehicle Insurance
Dec 1 2022 // Michigan-based Ford Credit announced plans to launch Ford Pro Insure, a new commercial auto insurance product powered by Pie Insurance. “Ford Pro customers have come to expect a complete set of products and services...
Motive Partners With Progressive Commercial
Dec 1 2022 // Motive, a fleet management company formerly known as KeepTruckin, has announced a partnership with Progressive Commercial to offer Motive’s market-leading AI-based safety solution to Progressive Commercial...
TDI Recognizes Animal Nutrition Company With Workplace Safety Award
Nov 21 2022 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) recognized Global Animal Products with a Lone Star Safety Award for their exemplary workplace safety programs and low rates of work-related...
Commercial P/C Rates Up for 20th Straight Quarter: CIAB
Nov 18 2022 // Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The average premium...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker
Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey. All Trans is a...
Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey
Nov 7 2022 // Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Nov 7 2022 // A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage...
GHA — A Fun, Professional Workplace With Purpose
Nov 7 2022 // At Glenn Harris and Associates, the whole company is a team, and the team is family. That includes three tail-wagging “Directors of Morale” — company dogs Smoky, Mocha and Chief. The overwhelming sense of...
More Violations: OSHA Fines Dollar General $2.7M for Workplace Safety Problems
Nov 3 2022 // A month after federal regulators hit Dollar General stores with $1.6 million in fines for safety violations, the retailer now faces an additional $2.7 million in penalties for similar problems in Alabama, Florida and...
People Moves: New Commercial Business Head at Hartford; Kapnick Adds Chief Growth Officer; AmTrust Hires Underwriting SVP
Nov 2 2022 // The Hartford Names Ant Head of Middle & Large Commercial Business Units The Hartford has named Tracey Ant head of middle and large commercial business units effective Jan. 1. In this newly created role, Ant will...
