Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
People Moves: Liberty Names Bernau as Senior Vice President, Commercial Lines Producer
Apr 22 2024 // Andrew Bernau The Liberty Company Insurance Brokers, headquartered in Gainesville, Florida, named Andrew Bernau senior vice president, commercial lines producer. Bernau is based in Chicago. Bernau has nearly 20 years of...
Small Businesses See Stable Business Climate; Cite Cybersecurity as Top Threat
Apr 16 2024 // The first quarter Small Business Index, which measures small business owner confidence, is 62.3—similar to last quarter’s score of 61.3—reflecting a stable business climate. More small businesses see an improving...
UK Home, Business Property Insurance Payouts Hit $6B in 2023
Apr 15 2024 // Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a year earlier, as weather-related home claims hit a record high, the Association of...
Supreme Court Allows More Transport Workers to Bypass Arbitration and Sue Employers
Apr 15 2024 // The U.S. Supreme Court on Friday paved the way for more truck drivers and other transportation workers to file employment-related lawsuits in court rather than private arbitration, ruling that an exemption from arbitration...
Middle-Market Companies Post Record Gains: Chubb
Apr 15 2024 // Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last...
California Beefing up Recruitment for Inspectors to Better Enforce Workplace Laws
Apr 15 2024 // California’s Department of Industrial Relations is beefing up a statewide effort to recruit inspectors and investigators throughout California to more thoroughly enforce labor and workplace laws. The DIR is hiring...
Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Apr 12 2024 // Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan...
People Moves: RT Specialty Promotes Murrey to President of Commercial Lines Binding Authority
Apr 12 2024 // RT Specialty, the wholesale distribution division of Ryan Specialty, headquartered in Chicago, promoted Jason Murrey to president of commercial lines binding authority. Murrey joined RT Specialty in 2017 through the...
People Moves: IC International Appoints Kim VP; WCF Promotes Riedley to SVP and Curtis to CUO, Small Business; Island Insurance Promotes Onofrietti and Chong
Apr 11 2024 // IC International Appoints Kim Vice President IC International, headquartered in Honolulu, appointed Nova Kim as vice president. Kim oversees the execution of IC International strategy and provides oversight of daily...
Small Businesses Hurt by Maryland Bridge Collapse Are Eligible for Disaster Loans
Apr 10 2024 // The Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland. Small businesses in the Mid-Atlantic region will be eligible for low-interest, long-term Economic Injury...
People Moves: Farmers Insurance Names Coleman President of Business Insurance
Apr 10 2024 // Farmers Insurance Names Coleman President of Business Insurance Farmers Insurance announced that Eric Coleman has joined the organization as president of Business Insurance, effective April 10. In this role, Coleman is...
Employers Can’t Use Vicarious Liability to Block Negligence Claims, TN High Court Says
Apr 10 2024 // The Tennessee Supreme Court this week dealt a blow to businesses and insurance companies, finding that employers can no longer argue that direct negligence claims are barred when the business admits vicarious liability for...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch
Apr 9 2024 // Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings...
Arrowhead Launching Commercial Auto Product in California
Apr 5 2024 // Arrowhead General Insurance Agency Inc. in California launched a new commercial auto product. Arrowhead’s Commercial Auto is available to California customers in construction-related industries. The program includes:...
People Moves: Leif Assurance Hires Galvan as Commercial Lines Account Manager; Applied Underwriters Names Holtmeier VP, Strategic Development, for M&A and Partnership Alliances
Apr 4 2024 // Leif Assurance Hires Galvan as Commercial Lines Account Manager Leif Assurance, headquartered in St. Louis, hired Mayra Galvan as commercial lines account manager. Galvan is responsible for managing clients’ renewal...
Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage
Apr 4 2024 // AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL...
California Beefing up Recruitment for Inspectors to Better Enforce Workplace Laws
Mar 28 2024 // California’s Department of Industrial Relations is beefing up a statewide effort to recruit inspectors and investigators throughout California to more thoroughly enforce labor and workplace laws. The DIR is hiring...
Dean’s Sausage Faces $116K OSHA Penalty Over Alleged Workplace Hazards
Mar 27 2024 // The federal Occupational Safety and Health Administration (OSHA) says that a second inspection of Dean Sausage Co. Inc. in Ayyalia, Alabama found similar workplace safety hazards as identified in a 2022 inspection,...
Chubb: Middle Market Companies Post Record Gains
Mar 26 2024 // Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last...
Oklahoma Contractor Faces $103K in Fines After Fatal Workplace Asphyxiation
Mar 22 2024 // An Oklahoma City employer’s failure to follow federal safety procedures left a 30-year-old worker suffering fatal asphyxiation as they tried to make repairs inside a water tank at a McClain County wellsite in...
