Latest Commercial Lines Headlines

All the headlines from our Commercial Lines Topic Page, ordered by recency.

Commercial Lines Pricing Jumps 6% in Q2: Towers Watson

Sep 10 2012 // Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals.In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive...

Court Rules Employers Must Reassign Disabled Workers to Vacant Jobs

Sep 10 2012 // A federal appeals court has revived an Equal Employment Opportunity Commission lawsuit against United Airlines Inc., and said U.S. law generally requires employers to reassign disabled workers to vacant jobs for which they...

GEICO to Sell Commercial Auto Coverage Direct to Customers in N.Y.

Sep 10 2012 // Business owners in New York can now purchase commercial auto coverage directly from GEICO, which could lead to lower premium rates for many risks.Commercial insurance packages cover the cars, trucks and vans used by small...

Employers’ Workers’ Comp Costs, Workers’ Benefits Continue to Fall: Study

Sep 10 2012 // Workers’ compensation benefits declined to $57.5 billion in 2010, according to a report by the National Academy of Social Insurance (NASI). The drop in workers’ compensation benefits was largely due to a 2.1...

Del. Court Orders WC Claimant to Use Employer’s Medication Vendor

Sep 7 2012 // A Delaware court recently ruled that an employer can compel a workers’ comp claimant to use the company’s preferred prescription medication vendor. The ruling from the Superior Court of the State of Delaware...

The Hartford Names SVP for Commercial Markets Sales and Distribution

Sep 7 2012 // The Hartford Financial Services Group has named Matthew Kirk senior vice president of sales and distribution for the company’s commercial markets division. He is based in Hartford, Conn.Matthew KirkKirk joined The...

Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013

Aug 28 2012 // Following the U.S. Supreme Court decision on health care reform, most employers (88 percent) have affirmed their commitment to offer health care benefits to their active employees for the foreseeable future, according to a...

EMPLOYERS Names Ware SVP, Chief Actuary

Aug 20 2012 // Reno, Nev.-based EMPLOYERS named Bryan Ware senior vice president and chief actuary. Ware will be responsible for EMPLOYERS’ reserving, pricing, and risk analysis and will work with executive management to develop...

Beazley Forms Data Breach Response Business Unit

Aug 20 2012 // Beazley has established BBR Services, a new business unit dedicated to helping clients that have suffered a data breach manage the consequences.Data breaches involving the theft or loss of personally identifiable customer...

Business Risk Partners to Offer LIU-Backed E&O, D&O Coverage

Aug 20 2012 // Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines...

Muslim Woman To Sue Disneyland Employer

Aug 14 2012 // A former Disneyland employee who says she was forbidden to wear a Muslim head scarf at work plans to sue the Walt Disney Co. for discrimination.The federal suit is expected to be filed Monday in Los Angeles on behalf of...

Survey: Small Business Optimism Drops, But Remains In Positive Territory

Aug 8 2012 // The Wells Fargo/Gallup Small Business Index fell six points to positive 17 in a survey conducted in July that reflects on the third quarter, but one economist who worked on the poll is taking the positive view that...

Employers Stressing Health Incentives for Employees: Aon

Aug 8 2012 // U.S. employers are increasingly utilizing monetary and other incentives to encourage employees and their families to become active in health and fitness programs and take better care of themselves, according to new survey...

Main Street America Expands Commercial Product Line to Minn.

Aug 7 2012 // The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (main line BOP), to independent agents who represent the super regional property/casualty...

Tennessee Spells Out Qualifications for Exempt Commercial Risk Policyholders

Aug 6 2012 // Tennessee regulators have issued a new form to allow large companies to qualify as an exempt commercial risk policyholder and purchase insurance that is not regulated by the state.As of July 1, a new section was added to...

Few Employers in New England Plan to Drop Health Insurance: Survey

Aug 3 2012 // A new survey says few employers plan to drop health insurance following the Supreme Court ruling upholding the Patient Protection and Affordable Care Act — but most do plan to take steps to control costs.According to...

NFIB, EMPLOYERS Expand Workers Comp Program to New Jersey

Aug 2 2012 // The National Federation of Independent Business (NFIB) has extended discounted workers’ compensation coverage benefits to its members in New Jersey through EMPLOYERS. Based on the latest expansion, EMPLOYERS offers...

Texas Employers Add Nearly 13K Jobs in June

Aug 1 2012 // Although the unemployment rate rose slightly in Texas in June 2012 compared with May 2012, the state still added nearly 13,000 nonfarm jobs during the month, state officials reported.Texas economy added 12,900 seasonally...

Chubb Profit Slightly Down; U.S. Commercial Renewal Rate Hike 9% in Q2

Jul 27 2012 // The Chubb Corp. reported $404 million profit for its second quarter, declining 3.6 percent from $419 million reported a year earlier.The results were hampered by weaker investment results and significant catastrophe...

Ironshore Launches Commercial Crime Coverage Through Pembroke Syndicate

Jul 26 2012 // Ironshore Inc. has launched a specialty commercial crime product to be offered by its Lloyd’s Pembroke Syndicate 4000, based in London. Offering coverage limits up to GBP 20 million, Ironshore’s commercial...