Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power
Aug 24 2022 // A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers during the pandemic, causing customer satisfaction to decline...
People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer
Aug 19 2022 // This edition of International People Moves details appointments at RMS and and Catalina. A summary of these new hires follows here. Moody’s, RMS Appoints Hare MD of APAC Andrew Hare has been appointed managing...
Q2 Commercial P/C Premiums Up 6.1%: CIAB
Aug 16 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 15 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey Reports
Aug 15 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
Agents Win in Commercial Lines
Aug 15 2022 // Independent agents once again show they continue to command the commercial insurance market. The independent agency channel placed 62% of all property/casualty insurance written in the U.S., according to the recently...
How the Supply Chain Crisis Is Heightening Risk Exposures in Commercial Lines
Aug 15 2022 // The supply chain crisis has seared itself into popular imagination through empty shelves where toilet paper once stood and a desperate shortage of baby formula. But the ripple effects that emanate from globally disrupted...
New York Insurance Fund Refunds $550M to Employers for Workplace Safety
Aug 12 2022 // The New York State Insurance Fund reported that it returned more than $550 million over the past year to businesses through its workers’ compensation safety discounts and dividends programs. The state agency provides...
5th Circuit: Employer Fired for Sleepwalking Loses ADA Case
Aug 10 2022 // An employee fired for unsolicitedly sleepwalking into a colleague’s hotel room during an out-of-town conference has no disability discrimination claim, a three-judge panel of the 5th U.S. Circuit Court of Appeals...
People Moves: BHSI Enters Commercial Hull in Australasia, Hiring Hesson From QBE; Hannover Re Appoints Swiss Re’s Ooi to Oversee P/C Growth in APAC
Aug 9 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Hannover Re. A summary of these new hires follows here. BHSI Enters Commercial Hull in Australasia, Hiring...
Oregon Heat Wave Puts State Workplace Safety Rules to Test
Aug 3 2022 // New state rules require access to water, shade and breaks on hot days, but workers say they’re still laboring in unsafe conditions. Skyler Fischer is forklift driver at a Fred Meyer distribution center in the town of...
People Moves: Beazley Realigns to Bolster N.A. Commercial Property; Fusion Hires M&A VP From AXA XL; Promotions at Distinguished Programs
Aug 3 2022 // Beazley strengthens its North American Commercial Property offering Beazley said it restructured its large commercial property division along with its Canadian and E&S property teams to create a single North American...
Maryland’s Wage Law Can Cover Travel Required by Employer, Court Finds
Aug 2 2022 // Maryland’s wage and hour law may extend beyond the time an employee spends at a prescribed workspace to include time spent getting to the work site using transportation required by the employer, Maryland’s...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Aug 1 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...
Takeaways from Our Conversation About Why Most Small-to Mid-Size Cannabis Operators Shun D&O
Aug 1 2022 // Powered by InsuranceJournal.tv Directors and officers insurance has been pricey and tough to obtain for cannabis companies since the industry started requiring coverage. D&O is difficult in most business sectors (For...
Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index
Aug 1 2022 // Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second...
Most U.S. Small Businesses Worry Recession Is Coming
Aug 1 2022 // Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a recent survey released by Goldman Sachs showed, with a majority of firms saying the country was headed...
People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire
Jul 29 2022 // AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted Christopher Lee to lead its excess & surplus property insurance business. Based in New York, he reports to...
Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey
Jul 25 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...
HSB (UK and Ireland) Creates Commercial Division to Streamline Service
Jul 25 2022 // HSB (UK and Ireland) announced the formation of a new Commercial Division, creating closer alignment between its business development, underwriting and claims teams. The division, headed by Terry Dyson, who has been...
