Latest Commercial Lines Headlines

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

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...

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

Sep 27 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...

HSB Canada Introduces Cyber Coverage for Small Businesses

Sep 22 2021 // HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity...

Union Sues to Overturn Trump-Era Rule that Narrowed Definition of ‘Joint Employer’

Sep 21 2021 // The union behind the “Fight for $15” movement is suing to overturn a Trump-era rule that makes it harder to hold companies like McDonald’s Corp. and Amazon.com Inc. accountable for violations of...

Cover Whale Partners With E&S Insurer Everspan to Offer Commercial Trucking

Sep 20 2021 // Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance...

Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada

Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures.The new capital will...

Commercial Auto Insurance Profitability Still Way Down the Road: S&P

Sep 20 2021 // U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery.According to a Standard & Poor’s Global Ratings report,...

Alera Acquires The Brokerage Commercial Insurance Services in California

Sep 17 2021 // Alera Group acquired The Brokerage Commercial Insurance Services Inc. in in Newport Beach, Calif. The Brokerage Commercial Insurance Services employees will continue serving clients in their existing roles. Terms of the...

Great American Introduces Home-Based Business Coverage

Sep 17 2021 // Great American Insurance Group has introduced a new product offering through PolicySweet, its online offering for small business customers.PolicySweet, which allows small business owners to research, shop, quote and...

UK COVID-19 Business Insurance Payouts Top One Billion Pounds

Sep 16 2021 // Small companies in Britain, which demanded that their insurers cover claims for losses accrued during the COVID-19 pandemic, have received more than one billion pounds ($1.4 billion) in full and interim business...

Rarely-Used Emergency Workplace Rule Is Key to Biden Vaccine Plan

Sep 15 2021 // U.S. President Joe Biden’s plan requiring more than 100 million Americans to get vaccinated against COVID-19 relies on a rarely used workplace rule with a history of being blocked in court, making it an inviting...

Most Commercial Lines Continuing to Win Healthy Price Increases

Sep 14 2021 // While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to Willis Towers Watson.Excess/umbrella produces significant price increases...

Beyond the Headlines: Workplace Violence and Workers Compensation Claims

Sep 9 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...

Employers Watching Cases of Colleges, Teachers with Disabilities Over Remote Work

Sep 8 2021 // A legal battle is brewing over remote work between administrators at U.S. colleges committed to in-person classes and some faculty with disabilities. Experts warn it is a precursor of what awaits employers that order staff...