Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Suspect in Oklahoma Murder-Suicide Was Plagued by Workplace Head Injury
Nov 1 2022 // BROKEN ARROW, Okla. (AP) – An Oklahoma couple considered “primary suspects” in last week’s killings of their six children faced growing financial pressures and the husband experienced recurring pain...
Can More Rigorous Accounting Lead to Fewer Workplace Injuries?
Nov 1 2022 // Businesses wanting to make their workplaces safer might try adopting a more rigorous accounting system. A new study finds a link between a firm’s workplace injuries and the information quality in its accounting...
What Cyber Underwriters Miss: Small Businesses Aren’t Using MFA Correctly, Advisen Panel Says
Oct 31 2022 // As cyber threat actors continue to innovate and find new ways to increase their odds of success, panelists at the 2022 Advisen Cyber Risk Insights Conference urged underwriters to raise the stakes when assessing...
AmTrust Acquires Mid-Market Book from DUAL
Oct 26 2022 // AmTrust Financial Services announced that it has acquired the middle market management liability business of DUAL North America, a Florida-based specialty program administrator that offers property/casualty products. DUAL...
AmTrust Purchases DUAL North America’s Middle Market Management Liability Practice
Oct 25 2022 // AmTrust Financial Services Inc. announced it has acquired the middle market management liability business of DUAL North America, which includes its underwriting team and renewal rights to the portfolio. As part of the...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Oct 20 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...
Texas DWC Makes Correction to Employer’s Wage Statement Form
Oct 19 2022 // The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced that is has made corrections to a form that was adopted on July 27, 2022. The corrections apply to DWC Form-003, Employer’s...
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Oct 19 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...
People Moves: LSM Switzerland Promotes Hefel to Country Mgr; BHSI Names Bruce-Kahn as CE, Singapore; Howden CAP Hires Marsh’s van Kuffeler Chief Commercial Officer
Oct 17 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets (LSM), Berkshire Hathaway Specialty Insurance (BHSI) and Howden CAP. A summary of these new hires follows here. Liberty Specialty...
People Moves: Aon Announces New Lineup for UK Commercial Risk Team; Zurich Appoints Seach as Group CUO, Succeeding Robinson
Oct 13 2022 // This edition of International People Moves details appointments at Aon and Zurich Insurance. Aon Announces New Lineup for UK Commercial Risk Team A summary of these new hires follows here. Insurance broker Aon plc has...
People Moves: Ryan Specialty Appoints Senior Distribution Roles; VIAA Promotes Morris to Commercial Lines Coach
Oct 12 2022 // Ryan Specialty appoints new senior distribution leadership roles within Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Illinois, has announced promotions to key new roles within the...
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
Oct 12 2022 // For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM...
People Moves: IQUW Taps Carpenter’s Fisher as President; Consilium Snags 6 for Financial Lines From Ed Broking; Aon Commercial Risk Solutions Promotes 2 in EMEA
Oct 10 2022 // This edition of International People Moves details appointments at IQUW, Consilium, and Aon Commercial Risk Solutions in EMEA. A summary of these new hires and promotions follows here. IQUW Taps Former Carpenter Exec...
Tool to Measure Workplace Mental Health Backed by 40 Corporate Partners (Including AXA, Aon)
Oct 4 2022 // A coalition of corporate, academic and nonprofit partners including Bank of America Corp. and insurer AXA SA has developed a tool that employers can use to measure and improve the mental health of their workers. The...
Small Businesses Underestimate Recovery Time, Cost of Cyberattack
Oct 3 2022 // Nationwide Agency Forward survey showed 40% of small business owners surveyed expect a cyberattack to cost less than $1,000 and another 60% think it would take less than three months to fully recover. However, Nationwide...
Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re
Oct 3 2022 // Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: “Maintaining resilience: the role of P&C...
Oregon Hospital Issued Workplace Safety Fines
Oct 3 2022 // The Oregon State Hospital is facing a $54,000 fine for failing to investigate workplace injuries. The citation, brought by the state’s Occupational Safety and Health Administration, alleges that from January 2021 to...
Illinois Candymaker Faces $201,000 in Proposed Fines for Unsafe Workplace Exposure
Sep 29 2022 // A federal workplace safety inspection found a Chicago, Illinois-area candy manufacturer’s long history of violations for machine safety requirements continues after the company exposed workers to amputation hazards...
Acrisure Buys UK Broker CRK Commercial Insurance Services Ltd.
Sep 28 2022 // Acrisure, the fintech company that operates a top-10 global insurance broker, announced it had acquired CRK Commercial Insurance Services Ltd., the specialist commercial schemes provider. Financial details of the deal,...
Proposed Australian Law Would Make It Employers’ Job to Stop Sexual Harassment
Sep 27 2022 // New legislation introduced into Australia’s Parliament will place a “positive duty” on employers to prevent workplace sexual harassment, as part of sweeping changes to improve worker safety. Under the...
