Latest Business Insurance Headlines

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

Louisiana Citizens’ Commercial Insurance Policy Rates to Drop Next Year

Oct 18 2018 // A rate decrease request for commercial property policies filed by Louisiana’s property insurer of last resort has been approved by the state’s insurance commissioner.Commissioner of Insurance Jim Donelon has...

Zurich North America Names Butt to Lead Casualty for Commercial Insurance

Oct 15 2018 // Valerie Butt has been named Head of Casualty for Zurich North America Commercial Insurance. Butt will lead the casualty business with responsibility for new and renewal business. Butt takes on the role that was vacated...

Indian Employers Pressured to Take More Seriously Surge in #MeToo Allegations

Oct 12 2018 // Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week.At least one major Indian...

#MeToo Brings Positive Changes and Unintended Consequences to Workplaces

Oct 9 2018 // Has the workplace changed in the year since New York Times reported the first allegations against movie producer Harvey Weinstein? At the very least, many powerful men have altered their behavior, according to a new survey...

Senate Approves Bill on Commercial Drones, Airline Passengers, Disaster Relief

Oct 4 2018 // Airline passengers can no longer be removed from flights under legislation that passed the Senate on Wednesday, while the government will write new rules to allow commercial drones to deliver packages and get new authority...

Washington Employers May See Big Drop in Workers’ Comp Costs

Oct 1 2018 // The price of workers’ compensation insurance in Washington could drop significantly in 2019.The Washington Department of Labor & Industries in late September proposed a 5 percent decrease in the average premium...

TAIPA Files Private Passenger, Commercial Auto Rate Increases

Oct 1 2018 // The Texas Automobile Insurance Plan Association filed rate increases of 4.9 percent for private passenger auto insurance and 3.9 percent for commercial auto coverage. The proposed rate increases for new and renewal...

Commercial Auto: Profitability Issues Remain, but There’s Light at the End of Tunnel

Oct 1 2018 // Despite insurers’ best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two major carriers have...

New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses

Sep 28 2018 // Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and...

Hahn Named President of Westfield’s Small Business Unit

Sep 28 2018 // Westfield Center, Ohio-based property/casualty insurer, Westfield, has named Robyn Hahn as president of its Small Business unit.Hahn more than 25 years of diverse experience in the insurance industry and has held senior...

Puerto Rico’s Small Businesses Were Underinsured for Maria Damages

Sep 28 2018 // Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year’s Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, according to a...

Workers Overdose On the Job and Employers Struggle to Respond

Sep 26 2018 // PORTLAND, Ore. — Jimmy Sullivan prepared for his job as a bricklayer the same way every morning for years: injecting a shot of heroin before leaving his car.The first time he overdosed on the job, in 2013 at a Virginia...

New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona

Sep 25 2018 // Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will...

Employers Providing Paid Family Leave Qualify for Tax Credit

Sep 25 2018 // The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid family and medical leave to their employees during tax years 2018 and 2019 may qualify for a new...

NBA Chief Urges Teams to Adopt New Workplace Policies for Women

Sep 25 2018 // National Basketball Association (NBA) Commissioner Adam Silver wants all teams to hire more women, especially in leadership and supervisory positions, and is urging them to take some of the mandates that the Dallas...

Washington Employers May See Big Drop in 2019 Workers’ Comp Rates

Sep 20 2018 // The price of workers’ compensation insurance in Washington could drop significantly in 2019.The Washington Department of Labor & Industries this week proposed a 5 percent decrease in the average premium employers...

Ohio’s Hylant Launches Haven Re Group Captive for Middle-Market Businesses

Sep 19 2018 // Toledo, Ohio-based privately held independent insurance brokerage, Hylant, has launched Haven Re, a primary casualty, heterogeneous group captive designed to provide well-performing middle-market businesses an attractive...

Harassment in the Workplace

Sep 17 2018 // More than one-third (35 percent) of employees in the U.S. feel they’ve experienced workplace harassment, and half of them believe it was due to their gender.That’s according to a study released by specialty...

How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s Investors Service

Sep 17 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...

Michigan Offering Matching Grants for Workplace Safety, Health Improvements

Sep 17 2018 // Matching grants of up to $5,000 to improve workplace safety and health are being made available to Michigan companies that have up to 250 employees.Administered by the Michigan’s Occupational Safety and Health...