Latest Commercial Lines Headlines

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

People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire

Jul 11 2023 // This edition of International People Moves details appointments at Allianz Commercial, Banyan Risk and Miller.A summary of these new hires follows here. Allianz Commercial Taps AIG’s Sandric as Leader Asia...

Markets/Coverages: Zurich Launches Cyber for Middle Market

Jul 11 2023 // Zurich North America introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only cyber Insurance coverage but also...

NSM Acquires Shield Commercial Insurance Services in California

Jul 11 2023 // NSM Insurance Group acquired Shield Commercial Insurance Services in Palm Desert, California. Shield specializes in insurance solutions for the general contractor and construction liability space. Shield is focused on...

Why Labor Unions Are Gaining Leverage in Contract Talks With Big Employers

Jul 10 2023 // U.S. union workers are finding more solid footing during contract negotiations with employers as a tight labor market allows employees to flex more bargaining power.Airline pilots, railroad employees, dockworkers, and...

Q2 Commercial P/C Rates Hold; Personal Lines Slightly Decrease: MarketScout

Jul 7 2023 // Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to MarketScout’s Market Barometer.The Dallas-based distribution and...

California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses

Jul 7 2023 // Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California...

Top Global Business Risks and Their Effects on the Insurance Industry

Jul 5 2023 // This post is part of a series sponsored by AgentSync. Earlier this year, international corporate insurance carrier Allianz Global Corporate & Specialty (AGCS) released their 12th annual Allianz Risk Barometer. The...

Supreme Court to Consider Scope of Workplace Bias Law

Jul 3 2023 // The U.S. Supreme Court on Friday agreed to decide whether workers can bring discrimination lawsuits based on unwanted workplace transfers that were allegedly motivated by bias, an issue that can make or break many...

Fitch: Hardening Commercial Lines Market to Continue Through 2023

Jul 3 2023 // This year will mark the fourth year of a hardening market for the commercial lines underwriting cycle, according to the latest US Commercial Lines Market Update released by Fitch Ratings.The Council of Insurance Agents...

Nationwide E&S Exits Commercial Auto Effective July 15

Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...

EEOC Warns Employers to Check AI Workplace Monitoring Tools for Bias

Jun 19 2023 // The head of the U.S. agency charged with enforcing civil rights in the workplace says artificial intelligence-driven “bossware” tools that closely track the whereabouts, keystrokes and productivity of workers...

New York High Court Upholds Electronic Data Logging for Commercial Trucks

Jun 16 2023 // New York’s highest court ruled that a state regulation requiring the installation of electronic logging devices in commercial motor vehicles does not violate the state constitution’s prohibition against...

High Definition Vehicle Insurance Expands Commercial Trucking Product Into Oklahoma

Jun 15 2023 // High Definition Vehicle Insurance, a commercial auto insurance provider, launched its insurance products for commercial trucking fleets in Oklahoma, effective July 1.HDVI used approximately 3.5 billion miles of telematics...

Three Texas Companies Recognized for Workplace Safety

Jun 14 2023 // The Texas Department of Insurance Division of Workers’ Compensation (DWC) awarded three companies the Lone Star Safety Award for their exemplary workplace health and safety programs and low rates of work-related...

Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS

Jun 14 2023 // Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS).CLIPS found the aggregate price change for U.S....

California Restaurants Offered Priest to Extract Confessions of Workplace ‘Sins’

Jun 14 2023 // Federal wage and hour investigators say a northern California restaurant attempted to use an alleged priest to get employees to admit workplace “sins.”During litigation by the U.S. Department of Labor in...

Nationwide to Take Actions to Limit Risk in Personal, Commercial Portfolios

Jun 13 2023 // Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country.In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage...

Fitch: Hardening Commercial Lines Market to Continue Through 2023

Jun 13 2023 // This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest US Commercial Lines Market Update released by Fitch Ratings.The Council of Insurance Agents &...

People Moves: Everest Insurance Names Industry Veteran Laval as Chief Commercial Officer, Int’l; Sompo Taps SiriusPoints’ Cramér Manhem for Europe Board of Directors

Jun 12 2023 // This edition of International People Moves details appointments at Everest Insurance and Sompo International.A summary of these new hires follows here. Everest Insurance Names Industry Veteran Laval as Chief Commercial...

Flood Risk Solutions Launches LaTour Risk, Focused on Commercial Clients

Jun 5 2023 // A veteran of the flood insurance business in Florida has launched a new division of Flood Risk Solutions, tailored to commercial clients. Chad LaTour, who has worked with National General Holdings, an Allstate company, and...