All the headlines from our Commercial Lines Topic Page, ordered by recency.
Jul 1 2004 // Commercial National Financial Corporation (Nasdaq: CNAF) in Latrobe, Pa., has successfully completed its previously announced sale of the insurance agency assets relating to the Gooder Agency, Inc. The board of...
Jul 1 2004 // SAIF Corporation, Oregon’s non-profit workers’ compensation insurance company, announced its newest policyholder, Bear Creek Corporation, Southern Oregon’s largest employer.SAIF will provide...
Jun 30 2004 // Woodland Hills, Calif.-based ClearComp and Virginia-based e-Triage recently announced an innovative solution that will reportedly reduce workers’ compensation costs.The new service, Claim Navigator, promises to...
Jun 29 2004 // More than 245,000 injuries and illnesses were reported by Florida employers in 2002, according to a joint federal and state survey released this month. In Florida, more than 10,000 employers participated in the joint...
Jun 28 2004 // XL Capital Ltd. announced that its insurance operations will provide commercial property insurance capacity of up to $500 million, allowing it to underwrite entire global property programs on a selective basis. XL’s...
Jun 24 2004 // According to the State of Home Safety in America report (2004), a new study released by the Home Safety Council, employers are spending an average of $280 per employee equating to $38 billion a year for injuries suffered...
Jun 22 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against two state employers whose accounts with the Commission are reportedly in default.Injunctions were filed in Kanawha County...
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Jun 21 2004 // A new survey indicates that only 20 percent of commercial real estate portfolios would retain terrorism coverage if the requirement that insurers make it available is lifted, down from 83.5 percent.The survey by mortgage...
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Jun 16 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Employers Re Corp Group and Westport Insurance Corporation of Jefferson City, Mo.The bulletin noted that the...
Jun 14 2004 // A new Rhode Island law allows for a terrorism exclusion from the Standard Fire Policy (SFP) for certain commercial risks. The new law, which became effective last week, amends the state’s Special Commercial Risk...
Jun 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on the U.S. commercial-lines insurance industry to stable from negative “based on the delicate balance now in play between the...
Jun 11 2004 // The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks.The measure permits commercial accounts with more than $30,000 in premium that...
Jun 9 2004 // West Virginia’s Workers’ Compensation Commission recently filed injunctions against eight state employers whose accounts with the Commission are reportedly in default.Injunctions were filed in Kanawha County...
Jun 8 2004 // A new survey indicates that only 20 percent of commercial real estate portfolios would retain terrorism coverage if the requirement that insurers make it available is lifted, down from 83.5 percent.The survey by mortgage...
Jun 8 2004 // Gary C. Bhojwani has been named president of Commercial Business for Fireman’s Fund Insurance Company. He was previously president of Lincoln General Insurance Company, a subsidiary of Kingsway Financial Services.The...
Jun 8 2004 // Continuing a trend to loosen regulation on insurance companies, a Louisiana state Senate committee advanced House Bill 1514, which allows business insurance providers to bypass Louisiana’s Insurance Rating Commission...
Jun 8 2004 // Employers Direct Insurance Company (EDIC) announced another round of workers’ compensation rate reductions for California employers, bringing the total decrease to 20.9 percent from a year ago. The latest rate...