Latest Business Insurance Headlines

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

Connecticut Woman Pleads Guilty to Fraud for Embezzling $400K from Employer

Aug 28 2019 // A Connecticut woman has pleaded guilty to embezzling more than $400,000 from her employer.Federal prosecutors say 56-year-old Vicki Miller, of Colchester, pleaded guilty to wire fraud Friday in U.S. District Court in...

Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch

Aug 27 2019 // U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive...

How Small Businesses Are Training for Active Shooters

Aug 27 2019 // At a four-hour meeting last month, Michelle Abdow’s staffers got to experience some of the sights, sounds and even smells they could encounter if someone invaded their office and began shooting.Security experts and...

Chubb Launches CoverPlus Liability Insurance for Middle Market Manufacturers

Aug 22 2019 // Chubb has introduced CoverPlus – a new platform offering expanded liability-driven products tailored to the evolving risks faced by middle market manufacturers from new technologies and processes.CoverPlus offers a...

The Lowdown: Employer Risk in California and Beyond

Aug 21 2019 // Newly released this week on Research & Trends, “Risky Business – Employment Practice Litigation on the Rise” offers insights into the many predicaments your business prospects and clients could find...

Chesapeake Employers’ Insurance Company Appoints Madden to Board of Directors

Aug 21 2019 // Martin G. Madden, a former senior advisor to Maryland Governor Larry Hogan from 2015 to 2017, was appointed to the board of directors of Chesapeake Employers’ Insurance Company, effective June 1, 2019. Madden will...

Arch Insurance to Buy Coastal Commercial Property MGU Ventus Risk Management

Aug 19 2019 // Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to...

Work-From-Home Can Deliver Big Cyber Risks for Small Businesses

Aug 19 2019 // Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says.As work-life and...

Legislation Highlights Why Cyber Market Should Keep Watch on Small Business Risk

Aug 19 2019 // The 2018 Verizon Data Breach Investigations Report cited that 58% of cyberattack victims were small businesses, and the 2019 Symantec Internet Threat Report™ stated that employees working at small businesses were...

Prioritizing Diversity and Inclusion in the Workplace

Aug 19 2019 // For the past several years, diversity and inclusion (D&I) has been a prominent topic of discussion within the insurance industry. However, while most companies understand that diversity is good for business, many have...

Bill to Pool Small Businesses for Insurance Gets Final Approval in North Carolina

Aug 15 2019 // A way for North Carolina small businesses and sole proprietorships to join together and obtain more affordable individual health insurance is heading to Governor Roy Cooper’s desk after the measure received final...

Sompo Global Risk Solutions Forms Small Business Team in U.S., Mexico

Aug 12 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller...

Remote Workers Can Be Big Cyber Risk for Small Businesses

Aug 9 2019 // Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says.As work-life and...

Missouri Barrel Maker Cited for Multiple Workplace Hazards; Fined $413.3K

Aug 9 2019 // Federal workplace safety regulators have proposed more than $413,000 in penalties after citing a Missouri-based barrel maker for multiple workplace safety hazards.The U.S. Department of Labor’s Occupational Safety...

Ohio Employer Pleads Guilty to Manslaughter After Worker Dies in Fall Off Roof

Aug 5 2019 // An Ohio construction company owner has pleaded guilty to involuntary manslaughter after a worker lacking safety equipment fell to his death from the roof of a three-story apartment complex.Owner James Coon, of Akron, also...

Cuomo Signs Bill Protecting Immigrant Workers from Workplace Harassment

Aug 5 2019 // New York Governor Andrew Cuomo has signed legislation creating penalties for discrimination or retaliation against immigrant employees into law.This law is a codification of federal case law interpreting the...

Captives Remain Profitable, Continue to Outperform Commercial Insurers, Reports A.M. Best

Aug 5 2019 // U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according...

Small Businesses Learn Hard Lessons When They Don’t Prepare for Disaster

Aug 2 2019 // When Hurricane Irma hit Puerto Rico in September 2017, Carlos Melendez couldn’t contact the staffers or customers of his San Juan-based technology firm, Wovenware.Melendez learned a lesson that would help his...

Epoq Legal Introduces Business Risk Protection Service for Legal Claims

Jul 31 2019 // Insuretech service provider Epoq Legal has rolled out a new service designed for small- to medium-sized enterprises as either an optional or mandatory product sold alongside insurance and financial services products. The...

Captives Remain Profitable, Outperform Commercial Insurers, Reports A.M. Best

Jul 30 2019 // U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according...