All the headlines from our Commercial Lines Topic Page, ordered by recency.
Apr 8 2022 // Rate hikes for commercial lines of insurance are slowing to single-digit increases or even flat renewals, according to broker WTW’s Marketplace Realities spring update.The exception, as it has been, is cyber...
Apr 6 2022 // Jimcor Hires BecotteJimcor Agency Inc., a national wholesale broker and managing general agent, has hired Michael Becotte as a commercial lines underwriter for the Southeast, based in Cumming, Georgia. Becotte has more...
Apr 4 2022 // The past few years have been filled with newer exposures when it comes to employment practices liability insurance (EPLI). Along with significant disruptions in workplaces due to COVID-19, employers have been attempting to...
Mar 30 2022 // Coterie Insurance, a small business insurtech, announced that its general liability and business owners insurance products are now available in Massachusetts for customers and agencies.Independent agents and brokers...
Mar 30 2022 // AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the European Union (EU) and in...
Mar 28 2022 // Falvey Cargo Underwriting Offers Cyber for CargoFalvey Cargo Underwriting announced its latest product offering, Cyber for Cargo, to help address broad cyber exclusions that apply to nearly all cargo insurance policies....
Mar 24 2022 // Austin, TX., March 24, 2022 – The National Alliance for Insurance Education & Research has launched five self-paced insurance license renewal and introductory classes on the topics of Ethics, NFIP Flood Exposures,...
Mar 23 2022 // This edition of International People Moves details appointments at TigerRisk Partners, HDI Global, and BMS.A summary of these new hires follows here. TigerRisk Hires Aon’s Tuttle as Partner, Senior Reinsurance...
Mar 23 2022 // Arthur J. Gallagher & Co. announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed. Founded in 1984, CIU is a surplus lines...
Mar 21 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition.According to its 2022 Cyber...
Mar 21 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS).The aggregate commercial price change reported by carriers was...
Mar 18 2022 // New York expanded workplace harassment protection for all public employees and banned the release of anyone’s employment records in retaliation for speaking up about alleged abuse, part of a package of new laws...
Mar 17 2022 // A workers’ compensation insurance company’s hefty penalty against its non-compliant insured will likely stand, after a federal appeals court found that the matter was governed by state insurance regulators, not...
Mar 16 2022 // According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial performance in the long...
Mar 15 2022 // First Chicago Insurance Company announced it recently launched its augmented commercial auto insurance program in Illinois and Indiana. The program covers owned or leased Vehicles, hired autos, non-owned, temporary...
Mar 15 2022 // Woodruff Sawyer named John Neuhalfen director of operations in commercial lines.Neuhalfen will be based in the San Francisco, California office. He spent 15 years at Chubb, where he was most recently a regional vice...
Mar 10 2022 // California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs offered to businesses, no later than May 1.Lara’s action...
Mar 8 2022 // A Seattle, Washington, construction company owner is facing jail time in a case that’s holding an employer criminally responsible for a preventable worker death.Alki Construction owner Phillip Numrich was sentenced...
Mar 7 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS).The aggregate commercial price change reported by carriers was...
Mar 7 2022 // This issue’s special report talks to a few carrier executives about the state of the small business insurance market and the opportunity and risks this important sector faces in 2022.But when it comes to top risks,...