Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather
Nov 20 2023 // A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to protect their businesses from severe weather. While 82% of surveyed property...
Companies May Be Employers of Contract, Franchise Workers Under US Labor Rule
Nov 20 2023 // A U.S. labor board on Oct. 26 issued a final rule making it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, reviving an Obama-era standard heavily...
California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location
Nov 20 2023 // The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location. Prior to the adjustment, the maximum limits for commercial coverage were $8.4 million per location. Business...
What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing
Nov 17 2023 // Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets...
California Commercial Fishing Groups Sue Tire Makers Over Rubber Preservative
Nov 13 2023 // The 13 largest U.S. tire manufacturers are facing a lawsuit from a pair of California commercial fishing organizations that could force the companies to stop using a chemical added to almost every tire because it kills...
Average Premiums Keep Rising for Most Commercial Lines: IVANS
Nov 8 2023 // Ivan’s Index for the third quarter found the average premium renewal rate increased for all major commercial lines of business except workers’ compensation. Compared to the same period a year ago, Q3 2023...
People Moves: Marsh McLennan Appoints Potter US, Canada Chief Commercial Officer; Rokstone Names Berisha, Vandermyde to Marine Team
Nov 8 2023 // Marsh McLennan Appoints Potter US and Canada Chief Commercial Officer Marsh McLennan, headquartered in New York, N.Y., appointed Susan Potter as U.S. and Canada commercial officer. Based in Washington, D.C., Potter brings...
Markets/Coverages: SURE Brings Commercial Coverage to South Carolina
Nov 8 2023 // SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, a large managing general underwriters focused on catastrophe-exposed markets, has announced its...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit: AM Best Report
Nov 6 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the...
Howden Scotland Buys Commercial Insurance Broker Neilson Laurence & Neil
Nov 3 2023 // Howden Scotland, formerly known as Bruce Stevenson, announced the acquisition of Neilson Laurence & Neil, the Glasgow-based UK specialist commercial insurance broker. Financial details of the deal were not...
California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location
Nov 2 2023 // The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location. Prior to the adjustment, the maximum limits for commercial coverage were $8.4 million per location. Business...
UK’s Ardonagh Acquires Commercial Broker for SMEs in Switzerland
Nov 1 2023 // The Ardonagh Group, the London-based independent insurance distribution platform, has agreed to acquire ASSEPRO, the largest independent commercial broker for small and medium-sized enterprises (SMEs) in Switzerland, with...
Companies May Be Employers of Contract, Franchise Workers Under US Labor Rule
Oct 30 2023 // A U.S. labor board on Oct. 26 issued a final rule making it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, reviving an Obama-era standard heavily...
The Hartford Q3 Income Jumps 93% on Commercial Lines Results
Oct 27 2023 // The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment. The Hartford, Connecticut-based insurer said third quarter net income in commercial lines...
Employee Receives $44K for Vermont Employer’s Retaliatory Firing
Oct 27 2023 // Kingsbury Companies LLC has paid a worker $40,000 in punitive damages and $3,901 in back pay after the company terminated the employee in retaliation for speaking with the employer and other employees about whether they...
People Moves: CRC Group Names Alaniz in California as Chief Digital Officer, Commercial Solutions
Oct 27 2023 // CRC Group named Angela Alaniz as chief digital officer of its commercial solutions division. Alaniz is based in San Francisco, Calif. Alaniz has been with CRC Group since 2010 and most recently served as senior vice...
Risk Strategies Acquires North Bay Business Unit of InterWest Insurance Services
Oct 25 2023 // Risk Strategies acquired North Bay, a business unit from InterWest Insurance Services LLC, adding specialty expertise to its Wineries Practice. Along with offices in Petaluma, California and Santa Rosa, California, the...
California Insurance Agent Arraigned for Allegedly Stealing from Small Business Owners
Oct 24 2023 // Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation found she allegedly stole more than $62,000...
Asbestos Wrongful Death Claim Allowed Against Employer as Workers’ Comp Exception
Oct 24 2023 // A Connecticut appeals court has revived a wrongful death claim that tests a narrow exception to the state law that makes workers’ compensation the exclusive remedy for most workplace deaths and injuries. Harold...
Inflation, Commercial Real Estate Among Top Financial Stability Concerns
Oct 23 2023 // The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the...
