All the headlines from our Commercial Lines Topic Page, ordered by recency.
Apr 28 2023 // A federal administrative law judge has determined that the manager of Fuller Hospital in Attleboro, Massachusetts exposed employees to workplace violence without adequate protections in 2019, particularly at times when...
Apr 25 2023 // Following the closure of Silicon Valley Bank (SVB), VC-backed startups were increasingly looking for stronger protection in case their assets were compromised — specifically liability policies covering company...
Apr 24 2023 // This edition of International People Moves details appointments at Intangic MGA, Helvetia Group and BMS.A summary of these new hires follows here. Startup Intangic MGA Names Marsh’s Durkan as Commercial...
Apr 17 2023 // California Insurance Commissioner Ricardo Lara and the California FAIR Plan Association agreed to more than double its existing commercial coverage limits to $20 million for businesses unable to find coverage in the normal...
Apr 17 2023 // The vast majority of commercial property, i.e., assets, are no longer physical. The majority of commercial assets are intangible. In fact, the overwhelming majority of assets owned by insurance agencies are intangible....
Apr 17 2023 // Generative AI is the next big technology trend in just about every industry. But for such a people-centric industry, how will ChatGPT, DALL-E 2 and Bing AI truly impact the insurance sector?Just ask ChatGPT, as some...
Apr 14 2023 // Although coined in the late 1990s, the term “neurodivergent” has only recently risen to mainstream recognition, with some studies now claiming that up to one in five employees identify as neurodivergent. As...
Apr 14 2023 // Less than a year after it announced it would stop writing new business in Florida, commercial carrier Capacity Insurance has been placed under administrative supervision and is now in an orderly runoff.The Florida Office...
Apr 11 2023 // This post is part of a series sponsored by Insurance Quantified.David Daniels, EVP, Director of Product Development & Innovation at MiniCo Insurance Agency, a Jencap Company sat down with Insurance Quantified to...
Apr 10 2023 // In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first quarter 2023, according to MarketScout.The Dallas-based distribution and...
Apr 6 2023 // To address the growing risks faced by middle market law firms, Berkley Select said it enhanced its lawyers professional liability (LPL) offerings, adding new coverages, more flexible policy forms and expanded...
Apr 3 2023 // This post is part of a series sponsored by Insurance Quantified.Underwriting commercial P&C insurance is complex – each industry looks different, small businesses are different than medium-sized ones, and each...
Apr 3 2023 // There appears to be a large gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and coverage. That’s according to data...
Apr 3 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Apr 3 2023 // Tragically, active shooter incidents are on the rise across the country. According to the Gun Violence Archive, more than 100 mass shootings have occurred in the U.S. in 2023 alone. News organizations have reported that...
Apr 3 2023 // Today’s hard U.S. commercial property insurance market — one that is the longest and toughest seen during the careers of even the most seasoned industry veterans — is likely here to stay for a...
Mar 30 2023 // California Insurance Commissioner Ricardo Lara and the California FAIR Plan Association agreed to more than double its existing commercial coverage limits to $20 million for businesses unable to find coverage in the normal...
Mar 28 2023 // Aqueous Underwriting has secured major new capacity following the signing of an initial three-year deal with insurer Allianz Insurance.The move is part of the MGA’s plans to significantly grow its presence in the...
Mar 23 2023 // A recent U.S. labor board ruling limiting what employers can include in severance agreements is a reminder that companies must be careful not to ask workers to sign away their rights, the agency’s top prosecutor said...
Mar 22 2023 // WKFC Promotes Singhvi to President and Bauer to COOWKFC Underwriting Managers, Ryan Specialty’s managing general underwriter headquartered in Melville, New York, has made two promotions in its senior leadership. Ravi...