commercial insurance News

ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans

CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could be available next year. San Francisco, …

Flooding Hampers Commerce on Arkansas River System

Drenching rains and flooding over the past two months have greatly reduced barge traffic along the 455-mile McClellan-Kerr Arkansas River Navigation System and dented the finances of companies that depend on the waterway. The navigation system stretches from Catoosa, Okla., …

Allianz Global Corporate & Specialty Names Kadow as Chief Agent for Canada

Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has appointed Ulrich Kadow as chief agent for Canada effective immediately. Based in Toronto, Kadow will lead AGCS’s commercial insurance business in Canada and will report to Arthur Moossmann, …

Texas Takes Up Comprehensive Ridesharing Bill

Ridesharing giants Lyft and Uber left San Antonio in their rearview mirror after the nation’s seventh largest city restricted their operations, instead shifting their focus — and money — on convincing Texas lawmakers to allow them to operate statewide with …

5 Accused in Houston-Area Truck Crash ATM Theft

Five individuals are facing aggravated robbery charges after police in suburban Houston arrested them for allegedly robbing an ATM from a gas station. Police in Humble say several men used a stolen truck to ram into the side of the …

California Surplus Lines up Considerably in 2014, Report Shows

Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines Association of California. For 2014 there was …

San Antonio’s Ridesharing Rules Include Commercial Insurance Requirement

San Antonio has become the latest Texas city to approve rules for regulating ridesharing companies such as Lyft and Uber. The San Antonio City Council approved regulations that require commercial insurance, fingerprint background checks for drivers and inspections for vehicles. …

Minnesota Seeing More, Costlier Farm Equipment Accidents

Increasingly large farm machinery is causing more costly and potentially dangerous collisions with power lines and poles, rural Minnesota electric co-ops say. More than 2,000 customers of Federated Rural Electric, based in the southwest part of the state, lost power …

Severe Floods Overwhelm Detroit Area; Slow Vehicle Production

A woman died when her vehicle became stranded in 3 feet of water in suburban Detroit, after heavy rain across southeastern Michigan left many roads impassable. Fearing more motorists could become stranded a day after a storm dumped more than …

Combined Group Launches Admitted Drycleaner Insurance Program

Combined Group, a wholesaler of commercial insurance based in Dallas, has released a new exclusive insurance program available for drycleaners, drycleaner plants, drycleaner receiving stations, commercial launderers, linen suppliers, uniform rental firms, coin-operated laundromats, self-service laundromats & washaterias. Combined Group’s …