Latest Business Insurance Headlines

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

Tesla Seeks Retrial, Cut in ‘Staggering’ $137M Award in Racial Bias Workplace Case

Nov 17 2021 // Tesla has asked a federal court to reject what is calls a “staggering” $136.9 million jury award or order a new trial in a case involving an employee’s claim that the car maker did not do enough to...

6th Circuit to Hear Consolidated Lawsuits Challenging Biden Workplace Vaccine Rule

Nov 17 2021 // A judicial panel on Tuesday consolidated 34 lawsuits challenging the Biden administration’s workplace COVID-19 vaccine rule in the 6th U.S. Circuit Court of Appeals, a venue favored by opponents of the rule.President...

Monarch E&S, a division of Specialty Program Group / SPG Insurance Solutions in CA Promotes Devon Borisoff as Vice President, Commercial Lines Leader

Nov 17 2021 // BURBANK, Calif., November 17, 2021 — Monarch E&S Insurance Services, a division of Specialty Program Group / SPG Insurance Solutions in CA, (Monarch E&S) announced that Devon Borisoff has been promoted to...

Louisiana’s Citizens Increasing Commercial Coverage Limits

Nov 15 2021 // Louisiana’s property of last resort will raise commercial property insurance coverage limits for the first time in eight years.The Board of Directors of the Louisiana Citizens Property Insurance Corp. has voted to...

Commercial Auto Insurers Improved Results in 2020: AM Best

Nov 15 2021 // The U.S. commercial auto insurance market turned in results for 2020 that were the best it has seen in several years, although it still did not achieve an underwriting profit.Despite several years of price increases and...

Commercial Liability Insurers Face Rise in False Claims Act Cases

Nov 15 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers.Policyholder attorney...

The Commercial Lines Outlier–Workers’ Compensation

Nov 15 2021 // In addition to weighing in on opportunities in the E&S/specialty lines market segment where prices have been firming, executives speaking at the September KBW Virtual Insurance Conference offered views on the one...

Connecticut Aircraft Parts Manufacturer Cited for Workplace Safety Violations

Nov 12 2021 // A Connecticut aircraft parts manufacturer did not take required steps to identify potential exposures and protect employees from hexavalent chromium and cadmium – both known carcinogens – at its Bloomfield facility, a...

Coalition Enters Executive Risk Insurance Market for Small Business

Nov 10 2021 // Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North...

Experts Say Cyber Risks Present ‘Significant’ Threat for Small Businesses

Nov 10 2021 // The idea that cyber criminals only target large companies with a wide footprint and more assets is “profoundly wrong,” experts say, as cyber attacks are becoming a growing threat for small and medium-sized...

Wisconsin Foundry Faces $200,000 in Fines Over Workplace Injuries

Nov 10 2021 // Recent federal safety inspections of a northern Wisconsin foundry determined workplace safety failures caused two workers to suffer severe injuries. The business faces a proposed $200,895 in penalties.In May, a worker at...

OSHA Unveils Details of Workplace Vaccine Mandate Rule with Deadline After Holidays

Nov 4 2021 // The nation’s workplace safety agency will officially publish tomorrow emergency guidelines for companies that must implement President Biden’s mandatory vaccine policy for employees.The policy covers employers...

Canada Employers Shed Unvaccinated Workers With Legal Challenges Expected

Nov 4 2021 // OTTAWA – Canadian employers are firing or putting on unpaid leave thousands of workers who refused to get COVID-19 shots, squeezing an already tight labor market and raising prospects of potentially disruptive legal...

WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer

Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland).A summary of these new hires follows here Chaucer...

Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh

Nov 1 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...

Striking McDonald’s Workers Protest Alleged Workplace Harassment, Violence

Oct 29 2021 // McDonald’s workers in 12 U.S. cities walked off the job Tuesday to protest what they say is an ongoing problem of sexual harassment and violence in the company’s stores.Several hundred workers were expected to...

Commercial Liability Insurers Face Growing Number of False Claims Act Cases

Oct 26 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers.Policyholder attorney...

Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh

Oct 26 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...

Large Private Employer Coalition Creates Pharmacy Benefit Management Firm

Oct 25 2021 // A nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for employers.With...

Employers in Qatar to Be Required to Provide Health Insurance for Expatriates

Oct 22 2021 // DOHA – Employers in Qatar will be required to provide health insurance coverage for expatriates and their families under a new law issued by the emir this week, a senior Qatari official said on Thursday.The huge number...