All the headlines from our Commercial Lines Topic Page, ordered by recency.
Jul 31 2024 // This edition of International People Moves details appointments at Swiss Re and MNK Re.A summary of these new hires follows here. Malmström Named Swiss Re’s Group CFO as Dacey RetiresSwiss Re announced that Anders...
Jul 26 2024 // McKINNEY, Texas (AP) — At the start of every work day, construction worker Charles Smith puts on the essentials: hard hat. Safety glasses. A reflective vest. And a small, watch-like band for his wrist.But rather than...
Jul 24 2024 // Michelle Shaver Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver...
Jul 24 2024 // Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index.The findings mark the first time in nearly...
Jul 23 2024 // WOODBRIDGE, N.J., July 23, 2024 – NIP Group, a leading specialty insurance provider with over 35 years of experience, in collaboration with AmTrust Financial Services, Inc. (AmTrust), a top US insurer, are proud to...
Jul 22 2024 // Risk Strategies named Troy Bagwell commercial lines leader for the West region.Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty...
Jul 18 2024 // Intact Hires Janssens as SVP of West Coast Commercial SuretyIntact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s U.S. insurance company subsidiaries, headquartered in Plymouth,...
Jul 17 2024 // Two recent reports reflect trends in Florida’s property insurance market, including the continued growth of surplus lines’ business and an uptick last year in litigation costs for carriers.The Florida Surplus...
Jul 15 2024 // The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has...
Jul 15 2024 // A California workplace safety oversight board adopted a new standard for indoor workplaces to enact safety measures when the temperature reaches 87°F.The Occupational Safety and Health Standards Board approved an indoor...
Jul 12 2024 // In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review.Citing compliance issues, Insurance Commissioner Andrew...
Jul 12 2024 // AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business for the middle market.Madigan joined AXA XL’s...
Jul 11 2024 // Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and...
Jul 9 2024 // It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief...
Jul 5 2024 // With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming...
Jul 2 2024 // The U.S. Supreme Court declined on Tuesday to hear a challenge by an Ohio company to the power of the federal workplace safety regulator as the justices avoided another legal effort to pare back the authority of federal...
Jul 1 2024 // California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the state to implement robust workplace violence prevention plans. SB 553, which...
Jul 1 2024 // After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023, according to a litigation report from Lex Machina.The report found that 3,596 business liability...
Jul 1 2024 // The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good...
Jun 27 2024 // The California FAIR Plan Association will expand its clearinghouse to include commercial policies, such as those covering farms and condos, beginning July 1.The move follows the passage of Senate Bill 505 in 2023....