Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB
Mar 20 2023 // Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according to a...
Looking for a meaningful and impactful career? Commercial insurance may be the answer.
Mar 17 2023 // This post is part of a series sponsored by IAT Insurance Group. As today’s workforce seeks to partner with organizations that reflect their values, commercial insurance emerges as the unsuspected dark horse. Yeah,...
People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business
Mar 16 2023 // QBE North America Promotes Foley to President of Commercial Insurance QBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the...
Survey: Insurance Often a Blind Spot for Small Businesses
Mar 16 2023 // Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and...
Specialist Risk Group Acquires Mid-Market Commercial Broker Consort Insurance
Mar 14 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of mid-market commercial broker Consort Insurance, subject to regulatory approval. Financial details of the deal were not...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
Mar 14 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Another State, Tennessee, Moves to Authorize Family Leave Insurance for Employers
Mar 10 2023 // A Tennessee lawmaker wants insurance carriers to offer paid family leave insurance as a way to make time off more affordable for employers. House Bill 609, sponsored by state Rep. David Hawk, R-Greenville, would establish...
OSHA Cites Long Island Thermometer Maker Over Mercury Exposure in Workplace
Mar 10 2023 // Federal workplace safety inspectors have cited a New York thermometer manufacturer for overexposing its employees to mercury at its West Babylon facility. Occupational Safety and Health Administration (OSHA) inspectors...
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business
Mar 10 2023 // Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global Corporate & Specialty...
Head of UK Employer Group CBI Steps Aside Over Allegations
Mar 7 2023 // The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body conducted a review into his behavior. The CBI said it had already conducted an internal...
United Insurance Holdings Moves Forward With Specialty Commercial Business: CEO
Mar 6 2023 // United Insurance Holdings Corp. Corp. said it will move on to focus on specialty commercial lines business following news last month that its subsidiary United P&C Insurance Company (UPC) being was placed in...
Ford Taps Vehicle Data to Attract Customers in Commercial Van Market
Mar 6 2023 // Ford Motor Co.’s push to use reams of data generated by its vans and trucks – from engines to oil filters or brake pads – to attract more customers in the European and U.S. commercial vehicle market plays...
How Insurers Can Help Small Businesses Grow and Prosper
Mar 6 2023 // The past three years taught business owners resilience and adaptability. This is especially true for small businesses faced with the unique challenges of the pandemic, inflation, and the Great Resignation. But the pandemic...
From Cyber to Lease Protection, Many Small Businesses and Agencies Are Woefully Unprepared
Mar 6 2023 // Lisa Parry Becker, vice president of an independent insurance agency in Langhorne, Pennsylvania, recounted a computer hacking incident a longtime client suffered recently. It sounds almost like a thriller novel, with a...
Iowa Bill Would Permit Firearms on Employer, School Property
Mar 3 2023 // Iowa lawmakers are considering legislation that would allow employees to carry firearms or ammunition onto employer’s property if the guns or ammunition are out of sight and locked in a vehicle. An employer, owner or...
People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
Mar 2 2023 // AXA XL Adds to U.S. Mid-Market Team AXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of...
Federal Court Denies Massachusetts Hospital’s Covid-19 Business Insurance Claim
Mar 1 2023 // A Massachusetts hospital has been denied its insurance claim for Covid-19 related costs and lost revenues under business interruption and disease contamination provisions of its property insurance policy. U.S. District...
Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB
Feb 24 2023 // “Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according...
A Pivot to People: Overcoming the Talent Crisis in Commercial P&C Underwriting
Feb 23 2023 // This post is part of a series sponsored by Insurance Quantified. Across the insurance landscape, commercial P&C firms are facing a host of challenges when it comes to underwriting talent. Rapid shifts in the makeup of...
People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO
Feb 23 2023 // Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty...
