Latest Business Insurance Headlines

All the headlines from our Business Insurance Topic Page, ordered by recency.

People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business

Mar 16 2023 // QBE North America Promotes Foley to President of Commercial InsuranceQBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the...

Survey: Insurance Often a Blind Spot for Small Businesses

Mar 16 2023 // Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and...

Specialist Risk Group Acquires Mid-Market Commercial Broker Consort Insurance

Mar 14 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of mid-market commercial broker Consort Insurance, subject to regulatory approval.Financial details of the deal were not disclosed....

U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW

Mar 14 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...

Another State, Tennessee, Moves to Authorize Family Leave Insurance for Employers

Mar 10 2023 // A Tennessee lawmaker wants insurance carriers to offer paid family leave insurance as a way to make time off more affordable for employers.House Bill 609, sponsored by state Rep. David Hawk, R-Greenville, would establish a...

OSHA Cites Long Island Thermometer Maker Over Mercury Exposure in Workplace

Mar 10 2023 // Federal workplace safety inspectors have cited a New York thermometer manufacturer for overexposing its employees to mercury at its West Babylon facility.Occupational Safety and Health Administration (OSHA) inspectors said...

Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business

Mar 10 2023 // Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global Corporate & Specialty...

Head of UK Employer Group CBI Steps Aside Over Allegations

Mar 7 2023 // The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body conducted a review into his behavior.The CBI said it had already conducted an internal...

How Insurers Can Help Small Businesses Grow and Prosper

Mar 6 2023 // The past three years taught business owners resilience and adaptability. This is especially true for small businesses faced with the unique challenges of the pandemic, inflation, and the Great Resignation.But the pandemic...

From Cyber to Lease Protection, Many Small Businesses and Agencies Are Woefully Unprepared

Mar 6 2023 // Lisa Parry Becker, vice president of an independent insurance agency in Langhorne, Pennsylvania, recounted a computer hacking incident a longtime client suffered recently. It sounds almost like a thriller novel, with a...

Iowa Bill Would Permit Firearms on Employer, School Property

Mar 3 2023 // Iowa lawmakers are considering legislation that would allow employees to carry firearms or ammunition onto employer’s property if the guns or ammunition are out of sight and locked in a vehicle.An employer, owner or...

People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity

Mar 2 2023 // AXA XL Adds to U.S. Mid-Market TeamAXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of...

Federal Court Denies Massachusetts Hospital’s Covid-19 Business Insurance Claim

Mar 1 2023 // A Massachusetts hospital has been denied its insurance claim for Covid-19 related costs and lost revenues under business interruption and disease contamination provisions of its property insurance policy.U.S. District...

Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB

Feb 24 2023 // “Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according...

A Pivot to People: Overcoming the Talent Crisis in Commercial P&C Underwriting

Feb 23 2023 // This post is part of a series sponsored by Insurance Quantified.Across the insurance landscape, commercial P&C firms are facing a host of challenges when it comes to underwriting talent. Rapid shifts in the makeup of...

People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO

Feb 23 2023 // Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty...

Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh

Feb 20 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...

Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage

Feb 16 2023 // Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage.This new coverage and service offering was introduced Feb. 8 in select states with additional states...

Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth

Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...

What Ancient Roman Firefighting Can Teach Us About the State of Commercial Insurance Today

Feb 6 2023 // There are rare moments in one’s professional life when you can take what you were taught in childhood into present-day learning. I’m thinking back to my 8th-grade Ancient Roman history class, where I learned...