All the headlines from our Business Insurance Topic Page, ordered by recency.
Aug 8 2024 // Elected officials and union leaders in Baltimore are calling for safer and more humane working conditions for the city’s public works employees after a man collapsed and died from heatstroke last week while...
Aug 7 2024 // All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index.Year over year, commercial auto, business owners,...
Aug 6 2024 // Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC).Located in Erie, Pennsylvania, IMC provides commercial insurance and risk management services to commercial,...
Aug 6 2024 // Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report.The data also shows first-year employees...
Aug 2 2024 // Jessica Wrigley DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines...
Aug 1 2024 // WCF Insurance Promotes Houting to SVP of Middle MarketWCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice president of middle market. Houting leads growth and expansion of WCF’s middle...
Jul 26 2024 // McKINNEY, Texas (AP) — At the start of every work day, construction worker Charles Smith puts on the essentials: hard hat. Safety glasses. A reflective vest. And a small, watch-like band for his wrist.But rather than...
Jul 24 2024 // Michelle Shaver Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver...
Jul 24 2024 // Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index.The findings mark the first time in nearly...
Jul 23 2024 // WOODBRIDGE, N.J., July 23, 2024 – NIP Group, a leading specialty insurance provider with over 35 years of experience, in collaboration with AmTrust Financial Services, Inc. (AmTrust), a top US insurer, are proud to...
Jul 22 2024 // Risk Strategies named Troy Bagwell commercial lines leader for the West region.Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty...
Jul 15 2024 // The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has...
Jul 15 2024 // A California workplace safety oversight board adopted a new standard for indoor workplaces to enact safety measures when the temperature reaches 87°F.The Occupational Safety and Health Standards Board approved an indoor...
Jul 12 2024 // In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review.Citing compliance issues, Insurance Commissioner Andrew...
Jul 12 2024 // AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business for the middle market.Madigan joined AXA XL’s...
Jul 9 2024 // It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief...
Jul 5 2024 // With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming...
Jul 2 2024 // The U.S. Supreme Court declined on Tuesday to hear a challenge by an Ohio company to the power of the federal workplace safety regulator as the justices avoided another legal effort to pare back the authority of federal...
Jul 1 2024 // California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the state to implement robust workplace violence prevention plans. SB 553, which...
Jul 1 2024 // After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023, according to a litigation report from Lex Machina.The report found that 3,596 business liability...