All the headlines from our Business Owner Policy Topic Page, ordered by recency.
Sep 24 2024 // SureChoice Underwriters Reciprocal Exchange in partnership with SageSure launched a non-admitted business owners policy in California. The program will service more than 400 business classes across eight industries,...
Oct 5 2023 // Coalition’s Executive Risks Insurance Now Available On Surplus Lines PaperCoalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management liability...
Jul 27 2023 // Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher catastrophe losses...
May 13 2021 // NJM Insurance Group is now writing businessowners policies and corresponding excess and umbrella policies in New Jersey.The ProEdge Businessowners Policy provides protection for property and liability risks associated with...
Oct 19 2020 // SageSure, a homeowners insurtech, has launched a new line of commercial insurance products in traditionally underserved coastal markets.Launching in South Carolina followed by Florida, SageSure’s commercial product...
Oct 13 2020 // InsuraGuest Technologies, through its wholly owned U.S. subsidiary Insure The People, has launched a new business owner policy (BOP) insurtech portal, www.InsureThePeople.com that is available to more than 130 class...
Jun 19 2020 // Bold Penguin, a commercial insurance technology provider, has added Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering launched in...
Jun 18 2020 // An insurer fighting business income claims from restaurants is arguing in part that there is no coverage because businesses were allowed to provide takeout and delivery service during lockdowns.Society Insurance, based in...
May 14 2020 // Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers’ compensation, which saw a premium decrease, according to the April results of...
May 4 2020 // Grange Insurance Co., based in Columbus, Ohio, and AmeriTrust Group Inc. in Southfield, Michigan, are offering relief plans to business insurance customers in response to the COVID-19 pandemic.Grange Insurance has launched...
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
Apr 20 2020 // With cyberattacks on the rise and many small businesses unaware of the dangers, independent insurance agents are in a good position to educate clients about their risks, recommend preventative measures, and provide...
Apr 7 2020 // More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis.Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15...
Mar 11 2020 // Embroker, Inc., a digital insurance broker, has partnered with CNA to provide a customized business owners policy (BOP) coverage to its business clients.Embroker is a technology platform that digitizes all aspects of the...
Jan 8 2020 // The American Association of Insurance Services has expanded its admitted Cannabis Businessowners Policy program in Nevada.The Nevada Division of Insurance approved AAIS’s CannaBOP on Dec. 24, 2019. The cannabis...
Oct 31 2019 // Back in June 2018, AAIS filed its first CannaBOP policy to provide admitted markets a BOP that would cover the unique risks associated with cannabis businesses. While the admitted market has yet to fully embrace the...
May 8 2019 // Ohio-based national insurer Progressive has joined the ranks of carriers offering small businesses a platform to buy insurance quickly and simply.The insurer’s new online BusinessQuote Explorer (BQX) delivers...
Mar 25 2019 // Warren Buffett, often ahead of the curve, sounded like a disrupter in a 2004 shareholder letter. Fifteen years ago, Buffett wrote, “Insurers have generally earned poor returns for a single reason: They sell a...
Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...
Jan 21 2019 // Renewal premium rates for nearly all major commercial insurance lines increased in the fourth quarter of last year with the exception of workers’ compensation where the average rate dropped and remained negative.The...