All the headlines from our Business Insurance Topic Page, ordered by recency.
Jan 22 2008 // Announcing plans for major growth in the Texas marketplace, State Auto Middle Market Insurance (SAMMI), said it will host an open house Jan. 28 in its new office in Austin to celebrate the unit’s entrance into the...
Jan 22 2008 // G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as commercial lines manager for its office in Orange, Calif. Haenig will be responsible for business development and market...
Jan 17 2008 // Average prices for all lines of commercial insurance decreased 4 percent to 5 percent between 2006 and 2007, according to Towers Perrin’s commercial insurance pricing study. More specifically, the survey data for the...
Jan 16 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ financial strength rating on Westport Insurance Corp. and then withdrew the rating at the request of management. The outlook had been...
Jan 14 2008 // Commercial lines insurance premiums continued to tumble during the fourth quarter of 2007, according to the RIMS Benchmark Survey, an industry survey of policy renewal prices as reported by corporate risk managers.Despite...
Jan 13 2008 // Employers often use test and other selection procedures to screen applicants when hiring and evaluating employees for promotion. In fact, there has been an increase in employment testing due in part to post 9/11 security...
Jan 11 2008 // Employers Holdings, Inc. of Reno, Nev., reports it has agreed to acquire AmCOMP Inc. for approximately $230 million, including the assumption of $37 million in debt.The acquisition will expand Employers’...
Jan 10 2008 // California Gov. Arnold Schwarzenegger is expected to propose a 1.25 percent tax on homeowners and business property insurance policies when he unveils his state budget today.“The expected proposal will unfairly force...
Jan 8 2008 // On Dec. 26, 2007, President George W. Bush signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), thereby retaining the federal backstop for terrorism risk through Dec. 31, 2014.The...
Jan 3 2008 // Frederick County, Md. Commissioner Charles Jenkins is calling for penalties for local businesses that hire illegal immigrants.He is talking to the county attorney about a plan to audit local businesses that receive...
Jan 3 2008 // IRISK Solutions is a new independent risk management consulting firm, targeting small to middle market companies with annual gross premiums from $50,000 to $1 million.IRISK uses an Enterprise Risk Management approach to...
Dec 28 2007 // Employers may continue the long-standing practice of taking Medicare into account when structuring the health care benefits voluntarily provided their retired workers, says the Equal Employment Opportunity Commission in a...
Dec 14 2007 // Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP).The new...
Dec 14 2007 // The Superior Court of Wake County, N.C., extended and continued a temporary stay for Castleton Group Inc., a professional employer organization based in Raleigh to remain in operation for an additional 60 days.North...
Dec 13 2007 // Arrowhead General Insurance Agency Inc. has announced a new package policy program to write contractor’s commercial auto as part of a package with general liability, property and inland marine products. The program...
Dec 13 2007 // Liberty Mutual has enhanced its general liability offering to mid-market businesses in order to account for coverage gaps. In addition, Liberty Mutual is expanding general liability coverages for 10 specific industry...
Dec 13 2007 // Texas Mutual Insurance Company reported $684,997 in dividends to the National Federation of Independent Business (NFIB) workers’ compensation purchasing groups. The dividends were based largely on the groups’...
Dec 10 2007 // Unitrin, Inc. reports it has worked out an agreement to sell its Unitrin Business Insurance unit to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed.Unitrin had previously announced in...
Dec 10 2007 // A state agency said it cut the unemployment-insurance tax rate, which will save Texas employers $270 million next year.The rate cut was due to low recent jobless rates and the Legislature’s decision to eliminate a...
Dec 5 2007 // North Carolina Insurance Department officials denied an ongoing licensure request of Castleton Group Inc., a professional employer organization based in Raleigh, “due to its hazardous financial condition.”The...