Latest Business Insurance Headlines

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

World Insurance Buys Commercial Insurance Agency of Massachusetts

Jun 23 2022 // World Insurance Associates announced has acquired Commercial Insurance Agency of Belmont, Massachusetts.Terms of the May 1, 2022 transaction were not disclosed. George W. Ruggiero, Jr. established CIA in 1975 and today he...

Canadian Oil Brokerage Denies ‘Toxic’ Workplace Claim, Files Countersuit

Jun 20 2022 // Oil brokerage NE2 Group is hitting back at allegations that Chief Executive Officer Tim Gunn created a toxic workplace, filing an C$11 million ($8.4 million) countersuit against eight former employees who left the firm...

Fidelity Bonds: Good for Employers and an Insurance Agency’s Bottom Line

Jun 20 2022 // This post is part of a series sponsored by Old Republic Surety.A type of insurance, fidelity bonds provide critical protection against employee theft for your clients and an additional revenue stream for your agency....

Oklahoma Court: Tort Reform Law Allows Lawsuit Against Employer

Jun 20 2022 // Jerry Harwood couldn’t collect workers’ compensation benefits after he was paralyzed when he was struck by a car while trying to cross US Route 66 after leaving his workplace.But a split decision by the...

Small Business Digital Agency Coterie Enters New York; Now in All States

Jun 14 2022 // Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the...

Home, Commercial Rate Hikes Not Enough to Offset Construction Costs

Jun 6 2022 // To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s...

Oklahoma Court: Tort Reform Law Allows Lawsuit Against Employer

Jun 3 2022 // Jerry Harwood couldn’t collect workers’ compensation benefits after he was paralyzed when he was struck by a car while trying to cross US Route 66 after leaving his workplace.But a split decision by the...

New Rules Require Washington Employers to Monitor Temp, Air Quality Starting Mid-June

Jun 2 2022 // Employers in Washington will be required to monitor temperature and air quality, take steps to protect workers from heat and smoke hazards, and provide training and information from June 15 through the end of September,The...

Hilb Group Adds to Commercial Lines, Surety Business in Tri-State Region

May 25 2022 // The Hilb Group said it has acquired a book of commercial property/casualty insurance and surety bond business in its tri-state region of operations.The company said that the seller, Scott Kuzmic, a commercial...

Younger Workers More Likely to Leave Employers to Retain Flexibility

May 24 2022 // Most business owners expect employees to be back working in person full time a year from now but employees want to retain flexibility with where and when they work.According to Nationwide’s most recent Agency Forward...

Markets/Coverages: NJM Introduces Commercial Package Policy in New Jersey

May 24 2022 // NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022.The NJM ProPack Commercial Package Policy protects mid-to-large-sized businesses against...

People Moves: Holmes Murphy Adds Boberg in Minneapolis; Hershey Promotes Sinutko to VP of Commercial Lines

May 23 2022 // Holmes Murphy Adds Tim Boberg as Property Casualty Market Leader of Minneapolis TeamHolmes Murphy named Tim Boberg as the Property Casualty market leader of the company’s growing Minneapolis team. Boberg joins Holmes...

Markets/Coverages: Maryland’s Residual Insurer Ups Limits for Commercial Drivers

May 20 2022 // Maryland’s auto insurance market for drivers that private insurers won’t cover has received approval to offer combined single limits coverage up to $1 million for eligible businesses and vehicles.Maryland Auto...

California Employers Cited $1.75M in Refinery Worker Death

May 19 2022 // The Cal/OSHA Process Safety Management Unit cited Valero Refinery of Benicia and three contractors a combined $1.75 million for serious safety violations following a confined space death of a 35-year-old worker who...

Home, Commercial Rate Hikes Not Enough to Offset Construction Costs: Moody’s

May 19 2022 // To counteract rising construction material costs that have increased about 26.7% the first four months of 2022, personal and commercial property insurers will continue to gradually increase rates, said Moody’s...

People Moves: QBE Hires RSA’s Germain as Group CIO; MS Amlin Taps AXIS’ Ferguson for Open Mkt. Property; Generali Names 3 for Italy, Global Business Lines

May 16 2022 // This edition of International People Moves details appointments at QBE Insurance, MS Amlin, and Generali.A summary of these new hires follows here. QBE Hires RSA’s Germain as Group Chief Information OfficerQBE...

35% of Workplace Injuries Occur During First Year: Travelers

May 16 2022 // A new study by Travelers of workers’ compensation claims found that 35% of injuries occur during employees’ first year on the job, regardless of age or industry experience.“Our data underscores the...

4 Things Small Businesses Can Do to Protect Against Cyberattacks

May 13 2022 // Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering. Unfortunately, these adjustments...

Zurich Reports Strong Growth in Q1, Driven by Rising Commercial Insurance Rates

May 13 2022 // Zurich Insurance Group has made a strong start to the year and expects to exceed all its financial targets for 2022, despite ongoing inflationary pressures. The company has minimal exposure to the war in Ukraine.Premium...

OSHA Warns South Central Employers Not to Ignore Heat Dangers

May 12 2022 // As temperatures rise in Arkansas, Louisiana, Oklahoma and Texas, the U.S. Department of Labor’s Occupational Safety and Health Administration reminds employers and workers not to ignore the dangers of working in hot...