The most viewed headlines from our Business Insurance Topic Page over the last year.
Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment.The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...
Oct 29 2024 // Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both...
Apr 23 2024 // An Ohio subsidiary of one of the world’s largest automotive suppliers could have prevented a 26-year-old employee in Franklin from being fatally crushed in October 2023 if the company had provided proper machine...
Jun 19 2024 // QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale.Three core businesses...
Apr 26 2024 // Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP.The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. Closing was earlier than...
May 14 2024 // Farmers Insurance said it will resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution policies in California.The...
Apr 26 2024 // An employer cannot deny a workers’ compensation claim on the grounds that a shooting injury was not work-related then turn around and argue it has immunity from a tort lawsuit because the incident happened at work, a...
Mar 4 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2023, continuing a trend that has now last more than 6 years.According to The Council of...
Aug 16 2024 // A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible.A three-judge panel of the Massachusetts Appeals Court has held for...
Dec 22 2023 // A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were...
Feb 1 2024 // The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the...
Oct 24 2024 // Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%.According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial rates...
Feb 19 2024 // The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the...
Jun 6 2024 // Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI Insurance Services reported in its latest Commercial Property...
Jan 16 2024 // A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates “are expected to increase, but not at the same pace as seen in 2023.”“Our forecast calls for 5% to 15% rate...
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...
Apr 29 2024 // The Hartford CEO Christopher Swift told analysts late last week that the insurer’s first quarter results included “progress toward restoring targeted profitability in auto” as it turned in an improved...
Mar 4 2024 // There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported...
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...
Mar 26 2024 // Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb.A record 77% of companies reported performance improvement in the last six...