All the headlines from our Commercial Lines Topic Page, ordered by recency.
Nov 6 2020 // Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update.Marsh said the jump was the...
Nov 5 2020 // Cincinnati Financial Corp.’s London-based global specialty underwriting subsidiary, Cincinnati Global Underwriting Ltd., will begin writing two new lines of business: contingency and specie.Contingency insurance...
Oct 30 2020 // Ohio employers will receive a record $5 billion in repayments from the state insurance fund for injured workers to help with the financial impact of the coronavirus pandemic, Gov. Mike DeWine and the fund’s...
Oct 30 2020 // Decisions on where and how to work are embodied in trillions of dollars of investment worldwide, including the siting of commercial and residential real estate as well as transportation systems and other...
Oct 23 2020 // Effective November 1, 2020, Insurance Services Office (ISO) is introducing 19 new endorsements for its business auto program. Many of these changes are the result of requests from IIABA’s Technical Affairs...
Oct 22 2020 // Michael Ray Williams, 37, of Daly City, Calif., was sentenced to 60 days in county jail and three years formal probation after pleading no contest to two felony counts of insurance fraud after illegally working for...
Oct 21 2020 // The coronavirus pandemic has put millions of Americans out of work. But many of those still working are fearful, distressed and stretched thin.A quarter of U.S. workers say they have even considered quitting their jobs as...
Oct 21 2020 // The Main Street America Group, a U.S. provider of property/casualty insurance through independent agents, has unveiled a new name and brand – Main Street America Insurance. The brand was announced in conjunction with...
Oct 16 2020 // More data disclosure will help investors, employees and customers judge the pledges many American companies have made to diversify their workforces and boardrooms, activists and analysts said on Tuesday.Companies should...
Oct 14 2020 // Global reinsurance broker Guy Carpenter & Co. has started a new dedicated unit to provide services to insurance carriers and managing general agencies (MGAs) operating in the program business market.The new unit, GC...
Oct 12 2020 // Generali Global Corporate & Commercial has appointed Alan Moore as UK Branch general manager, reporting to Manlio Lostuzzi, Global Corporate & Commercial CEO, effective Oct. 1.Moore will maintain his current role...
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms.The LPL policy provides up to $5 million in...
Oct 8 2020 // Bob Gulino has been appointed as head of The Hartford’s Central Division for the company’s middle and large commercial insurance business. Gulino now leads the sales and underwriting operations for the...
Oct 8 2020 // EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has added Robert Johnson as principal.Johnson’s primary focus will be new client...
Oct 6 2020 // Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than they have been able to thus far on their own, Carrier Management...
Oct 5 2020 // We all know about the Pareto Principle, the 80/20 rule. It also applies when analyzing the profitability and the work required for an agency’s book of business. Roughly 20% of the accounts generate 80% of the...
Oct 1 2020 // Berkshire Hathaway GUARD Insurance Companies has added Illinois to the list of states where the insurer offers its Commercial Package Policy.The product includes commercial property featuring limits up to $120 million per...
Sep 29 2020 // Insurer Chubb has named Jeffrey Updyke as vice president, Chubb Group, and division president, Chubb Small Business.In this capacity, Updyke will have executive responsibility for Chubb’s retail insurance business...
Sep 29 2020 // A man charged with wounding his boss and another employee in a shooting at a Connecticut trucking company told police his handgun fired by accident and he only intended to scare his manager, according to an arrest warrant...
Sep 28 2020 // A truck driver accused of shooting his boss and wounding another person outside a Connecticut industrial building was charged Wednesday with assault and other crimes after being brought back from Massachusetts, where...