Latest Commercial Lines Headlines

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

WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer

Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland).A summary of these new hires follows here Chaucer...

Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh

Nov 1 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...

Striking McDonald’s Workers Protest Alleged Workplace Harassment, Violence

Oct 29 2021 // McDonald’s workers in 12 U.S. cities walked off the job Tuesday to protest what they say is an ongoing problem of sexual harassment and violence in the company’s stores.Several hundred workers were expected to...

Commercial Liability Insurers Face Growing Number of False Claims Act Cases

Oct 26 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers.Policyholder attorney...

Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh

Oct 26 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...

Large Private Employer Coalition Creates Pharmacy Benefit Management Firm

Oct 25 2021 // A nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for employers.With...

Employers in Qatar to Be Required to Provide Health Insurance for Expatriates

Oct 22 2021 // DOHA – Employers in Qatar will be required to provide health insurance coverage for expatriates and their families under a new law issued by the emir this week, a senior Qatari official said on Thursday.The huge number...

3 States Could Lose Their Workplace Safety Authority for Refusing COVID Rules

Oct 21 2021 // The Biden administration threatened Tuesday to revoke the authority for three Republican-controlled states to handle their own workplace safety enforcement because they have refused to adopt rules to protect health care...

Unvaccinated Employees Risk Job Losses as Employer Mandates Take Effect

Oct 20 2021 // Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against COVID-19.In the...

Illinois Construction Contractor Cited for Workplace Hazards; Fined $229.7K

Oct 15 2021 // For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers at risk of serious injury or death by defying federal requirements to ensure the use...

UK Commercial Fleet Insurance MGA Humn Raises $13.7 Million

Oct 14 2021 // Humn, a UK-based insurtech MGA focused on data-driven commercial fleet insurance, has raised $13.7 million in new financing. The money will fuel, in part, further development of its technology and a European expansion.BXR...

Texas Governor’s Vaccine Mandate Ban ‘Puts a Big Burden on Employers’

Oct 13 2021 // Companies doing business in Texas now face new and complicated challenges after Gov. Greg Abbott this week banned COVID-19 vaccine mandates for all entities in the state — including private businesses — for employees...

Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses

Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...

Coalition Acquires Digital Commercial Agency Attune

Oct 6 2021 // Coalition, a San Francisco-based cyber insurance and security company, has acquired Attune, a digital agency with a platform focused on commercial insurance.With the acquisition, Coalition maintains it will be the...

People Moves: Marsh Names Bruce as CEO, Marsh Commercial, Succeeding Gruppo

Oct 6 2021 // Marsh, the world’s leading insurance broker and risk adviser, announced the appointment of David Bruce as CEO, Marsh Commercial.Subject to regulatory approval, Bruce is expected to take up the position on Jan. 1,...

Jury Orders Tesla to Pay $130M to Former Worker Over Racially Hostile Workplace

Oct 5 2021 // A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black former worker, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported.The jury...

Beyond the Headlines: Workplace Violence and Workers’ Compensation Claims

Oct 4 2021 // Whenever a legal dispute arises as to insurance coverage, the court will evaluate policy language to determine if a specific cause of loss constitutes a covered event under the terms of that policy.When workers’...

Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey

Oct 4 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers.According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...

People Moves: Risk Strategies Names Schmidt West Commercial Lines Leader; Lockton Names McGrath VP in California

Oct 1 2021 // Risk Strategies named Jim Schmidt as commercial lines leader for the West region.Schmidt will be responsible for building a regional strategy for the commercial property/ casualty business unit. Schmidt has more than 25...

AXA XL Insurance and NIP Group Announce Strategic Partnership and Launching of a New Monoline Commercial Excess Liability Program

Sep 28 2021 // Program provides additional protection over scheduled coveragesWoodbridge, N.J., September 28, 2021 – NIP Group (www.NIPGroup.com), a market leader in insurance program administration, is proud to announce the addition...