Latest Business Insurance Headlines

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

Ohio Workers’ Comp Bureau Plans $1.5B in Employer Dividends

Sep 23 2019 // Ohio’s insurance fund for injured workers tells employers to watch their mailboxes as it prepares to send out dividend checks totaling around $1.5 billion.The Ohio Bureau of Workers’ Compensation says strong...

Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round

Sep 23 2019 // Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in...

Marsh’s Torrent Technologies Expands Private Flood Coverage for Small Businesses

Sep 20 2019 // Torrent Technologies, a Marsh company, has launched FloodPlus Commercial – a comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients.Underwritten by...

Nationwide’s Digital Storefront Targets Small Business Market

Sep 19 2019 // Nationwide said it has formally launched a commercial insurance digital storefront targeted to small businesses.Small business owners will be able to use the site online directly to generate a quote and bind a policy, or...

Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture

Sep 18 2019 // Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a...

Fairmatic Bets On Driver-Driven Premium Adjustments to Score in Commercial Auto

Sep 17 2019 // Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors.Fairmatic’s...

Berkshire Hathaway GUARD Expands Commercial Package Coverage Into New Jersey

Sep 17 2019 // Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey.This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of...

Willis Towers Watson, Sompo GRS Launch Middle Market Real Estate Platform

Sep 16 2019 // Willis Towers Watson has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment.The...

Oregon Employers Will Get $160 Million From SAIF

Sep 16 2019 // SAIF customers in Oregon will receive $160 million in dividends this year.The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million...

Gene Therapy Drugs That Cost Millions Have Employers and Health Plans Worried

Sep 13 2019 // Employers and health plans fear they could be swamped financially by a coming wave of expensive new genetic therapies for rare diseases.Regulators have recently approved two treatments that sell at many multiples of the...

Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2

Sep 12 2019 // In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a year ago, according to Willis Towers Watson’s latest Commercial Lines Insurance Pricing...

U.K. Insurer RSA Merges Commercial Risk Solutions, Global Risk Solutions Businesses

Sep 12 2019 // RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines.This move follows another restructuring in...

Hawaii Employers Mutual Declares $3.5M Dividend for Workers’ Comp Policyholders

Sep 12 2019 // The board of Hawai`i Employers’ Mutual Insurance Company Inc. has declared a $3.5 million dividend payable to qualifying policyholders.HEMIC says that with this dividend it will have returned over $38 million dollars...

Houston Business Insurance Agency Acquired by Florida’s AssuredPartners

Sep 5 2019 // Florida-based AssuredPartners Inc. has acquired Houston Business Insurance Agency located in Houston, Texas.The acquired agency’s team of five will remain under the operational leadership of Dominique Renaud....

Oregon Employers Will Get $160 Million From SAIF

Sep 5 2019 // SAIF customers in Oregon will receive $160 million in dividends this year.The SAIF the board of directors declared a $120 million primary dividend to be paid to policyholders based on their premium, and a $40 million...

Employers Moving into Hawaii with Its Workers’ Comp

Sep 4 2019 // Employers Inc. is now offering workers’ compensation insurance policies in Hawaii. The expansion has Employers providing workers’ comp to small businesses nationally, excluding four monopolistic...

Bender Insurance in California Names Beno Commercial Lines Claims Specialist

Sep 4 2019 // Bender Insurance Solutions in Sacramento, Calif., has named Rick J. Beno claims specialist in the commercial lines department. Beno has more than 30 years of experience in the management of claims. Bender Insurance...

McDonald’s Expands Training to Address Workplace Harassment, Violence Prevention

Sep 4 2019 // The world’s biggest restaurant company, facing complaints from employees and advocacy groups over workplace policies, said it is expanding its training program for restaurant supervisors and crew.McDonald’s USA...

QBE Service Helps Employers With Harassment, Bias, Other Employment Issues

Sep 3 2019 // QBE North America has introduced a complimentary service, QBE Business Resource Edge, as part of its Employment Practices Liability (EPL) insurance that is intended to help employers navigate harassment, discrimination and...

Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market

Aug 29 2019 // The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report.In fact, a decade of...