Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Landmark WC Legislation to Provide Relief for Calif. Employers
Sep 11 2003 // Calif. Insurance Commissioner John Garamendi said that legislation crafted by the Workers’ Compensation Conference Committee will bring stability to the market and is an “outstanding” first step toward...
Employers, Workers, Happy with Wash. L&I’s Claims Handling Practice
Sep 8 2003 // Most employers and injured workers are reportedly happy with how the Washington Department of Labor and Industries handles workers’ compensation claims, according to a recent customer satisfaction survey. The Gilmore...
XL America, ICAT Form Partnership to Underwrite CAT Risks for Small and Mid-Size Businesses
Sep 2 2003 // XL America, Inc., a subsidiary of XL Capital Ltd., announced the execution of a general agency agreement with International Catastrophe Insurance Managers, LLC (ICAT), of Boulder, Colo., a specialist in underwriting...
David Young Named Zurich NA’s Middle Markets Strategy VP
Aug 28 2003 // Schaumburg, Ill.-based insurer Zurich North America announced that David Young has been named first vice president of strategy for its middle markets business unit. Young will be responsible for developing and implementing...
Employers, Injured Workers, Happy with Wash. L&I’s Claims Handling Practices
Aug 21 2003 // Most employers and injured workers are happy with how the Washington Department of Labor and Industries handles workers’ compensation claims, according to a recent customer satisfaction survey. The Gilmore Research...
NAII and OSHA to Host Workplace Safety Workshop in Ill.
Aug 12 2003 // The National Association of Independent Insurers (NAII), in conjunction with individual insurers and OSHA, is hosting a workshop in Illinois focusing on workplace safety for small businesses. “Safety at Work I: Risk...
Assurex Global: Commercial Middle Market Premiums Stabilizing
Aug 8 2003 // There is reportedly relief in sight for commercial insurance buyers numb from years of hefty premium increases and stiff underwriting conditions. The commercial middle market will enjoy lower rate increases and some flat...
Ace Ltd. Forms New Risk Mgt. International Business Unit
Aug 6 2003 // ACE Limited announced the creation of a new business unit, ACE Risk Management International, in a move to address the developing risk-financing needs of major corporations. Roger Gillett will assume the title of president...
St. Paul Names New Senior VP of Specialty Commercial Insurance
Aug 6 2003 // The St. Paul Cos. announced that Gregory Vezzosi, a 27-year veteran of the property-casualty insurance industry, has been named senior vice president, Specialty Commercial. The appointment is effective immediately. Vezzosi...
Premium Relief in Sight for Commercial Buyers
Aug 6 2003 // There is reportedly relief in sight for commercial insurance buyers numb from years of hefty premium increases and stiff underwriting conditions. The commercial middle market will enjoy lower rate increases and some flat...
SCOR Continues to Negotiate Sale of Commercial Risk Partners
Aug 4 2003 // As previously announced, SCOR has been negotiating the sale of Commercial Risk Partners (CRP), its Bermuda-based alternative risk reinsurance subsidiary, to a potential purchaser pursuant to a letter of intent executed on...
Employers Mutual Operators Fined $12.5 Million by TDI
Aug 1 2003 // Texas Insurance Commissioner Jose Montemayor levied fines totaling $12.5 million against the operators and chief marketer of a fraudulent health care plan that enrolled approximately 7,200 Texas residents. The unlicensed...
Fireman’s Fund Integrates Farm & Ranch Into Its Small Business Operations
Jul 30 2003 // Fireman’s Fund Insurance Company has integrated Farm & Ranch management into its Small Business operations, which completes a companywide realignment of its agricultural risks. “This management integration...
MBS, Digital Insurance Forge Small Business Alliance
Jul 29 2003 // Alpharetta, Ga.- based MyBenefitSource (MBS), a provider of integrated payroll, benefits and benefits administration services, announced it entered into an alliance with Atlanta-based Digital Insurance Inc., to address...
London American Has Four Markets for Commercial Auto
Jul 25 2003 // London American has available up to four markets for commercial auto in California. Classes include: Contractors, Retailers, Wholesalers and manufacturers. The markets offer light to extra heavy units with local to...
Safeco Makes Commercial Auto Ins. Sales Faster, Easier
Jul 23 2003 // Safeco Business Insurance has expanded its online sales platform to make it faster and easier for agents to sell commercial auto insurance to small businesses. The platform, called ESP(TM), allows agents to quote, bind and...
Penn National Hires New Commercial Lines Territory Manager for N.J.
Jul 21 2003 // Penn National Insurance recently hired Bryce Goodwin as its new commercial lines territory manager in northern New Jersey. “Bryce brings more than 25 years of industry expertise and multi-line knowledge to Penn...
Fla. Dept. Releases Stats on Types, Classes of State Workplace Injuries and Illnesses
Jul 18 2003 // Following a March 2003 announcement on the number of workplace injuries and illnesses that occurred in 2001, the Florida Department of Financial Services released additional statistics this week which further describe...
Zurich North America Unveils FinanceSuite Product Line for Small Business Customers
Jul 18 2003 // Zurich North America announced the launch of the FinanceSuite(tm) product on the Business Finance Center website. The Business Finance Center is an online commercial lending marketplace where the Zurich network of...
CenCal Insurance Services Forms New Commercial/Specialty Products Division
Jul 8 2003 // California-based CenCal Insurance Services, known for expertise in non-standard automobile products and services, is expanding operations to include commercial programs and specialty products for business and property...
