All the headlines from our Commercial Lines Topic Page, ordered by recency.
Jan 11 2008 // Employers Holdings, Inc. of Reno, Nev., reports it has agreed to acquire AmCOMP Inc. for approximately $230 million, including the assumption of $37 million in debt.The acquisition will expand Employers’...
Jan 10 2008 // California Gov. Arnold Schwarzenegger is expected to propose a 1.25 percent tax on homeowners and business property insurance policies when he unveils his state budget today.“The expected proposal will unfairly force...
Jan 8 2008 // On Dec. 26, 2007, President George W. Bush signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), thereby retaining the federal backstop for terrorism risk through Dec. 31, 2014.The...
Jan 3 2008 // Frederick County, Md. Commissioner Charles Jenkins is calling for penalties for local businesses that hire illegal immigrants.He is talking to the county attorney about a plan to audit local businesses that receive...
Jan 3 2008 // IRISK Solutions is a new independent risk management consulting firm, targeting small to middle market companies with annual gross premiums from $50,000 to $1 million.IRISK uses an Enterprise Risk Management approach to...
Dec 28 2007 // Employers may continue the long-standing practice of taking Medicare into account when structuring the health care benefits voluntarily provided their retired workers, says the Equal Employment Opportunity Commission in a...
Dec 28 2007 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a “multi-million pound spaceport.” As a result...
Dec 14 2007 // Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP).The new...
Dec 14 2007 // The Superior Court of Wake County, N.C., extended and continued a temporary stay for Castleton Group Inc., a professional employer organization based in Raleigh to remain in operation for an additional 60 days.North...
Dec 13 2007 // San Diego-based Gaslamp Insurance Services has added Trevor Swank, Iris Lagos, Carlos Beltran, Argelia Cota and Richard Sansone to its staff as commercial producers.
Dec 13 2007 // Arrowhead General Insurance Agency Inc. has announced a new package policy program to write contractor’s commercial auto as part of a package with general liability, property and inland marine products. The program...
Dec 13 2007 // Liberty Mutual has enhanced its general liability offering to mid-market businesses in order to account for coverage gaps. In addition, Liberty Mutual is expanding general liability coverages for 10 specific industry...
Dec 13 2007 // Texas Mutual Insurance Company reported $684,997 in dividends to the National Federation of Independent Business (NFIB) workers’ compensation purchasing groups. The dividends were based largely on the groups’...
Dec 12 2007 // Bridge Insurance Partners, a new national commercial property casualty agency has opened its first operating office in Dallas.Industry veteran and Managing Principal Jeff Turner spear-headed the campaign to open shop in...
Dec 10 2007 // Unitrin, Inc. reports it has worked out an agreement to sell its Unitrin Business Insurance unit to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed.Unitrin had previously announced in...
Dec 10 2007 // A state agency said it cut the unemployment-insurance tax rate, which will save Texas employers $270 million next year.The rate cut was due to low recent jobless rates and the Legislature’s decision to eliminate a...
Dec 5 2007 // North Carolina Insurance Department officials denied an ongoing licensure request of Castleton Group Inc., a professional employer organization based in Raleigh, “due to its hazardous financial condition.”The...
Dec 3 2007 // Montgomery Insurance, a Charlotte, N.C.-based member of Liberty Mutual Group introduced a new commercial product line: The Montgomery Advantage Commercial Series.The centerpiece of the new line is CUSTOM PROTECTOR, a...
Dec 2 2007 // Employers will have to pay the full cost for almost all personal safety equipment used by their workers, the Labor Department said recently, a move advocates say will prevent thousands of on-the-job injuries.The...
Nov 30 2007 // Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings...