All the headlines from our Commercial Lines Topic Page, ordered by recency.
Dec 9 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson.WTS’s Commercial Lines...
Dec 9 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
Dec 9 2019 // Global insurer Chubb announced leadership appointments for North America Commercial Insurance, the company’s $5.8 billion retail commercial property/casualty insurance division that serves middle market and small...
Dec 6 2019 // The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report.But personal...
Dec 5 2019 // A new study on California workers’ compensation shows the cost of self-insurance is 14% to 28% less than a traditional workers’ comp policy.It should be noted that the study was commissioned by the California...
Dec 5 2019 // Small business cybersecurity provider Coronet has partnered with Coalition, a cyber insurance provider for small and midsized businesses, to offer cyber insurance to Coronet customers. The partnership combines...
Dec 4 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies.The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
Dec 4 2019 // Midwest Employers Casualty (MEC) has appointed Nathan Cox as vice president of sales.Cox succeeds Steven Link, who is retiring. The appointment is effective immediately. Cox will be responsible for revenue, sales growth...
Dec 3 2019 // Security is not subtle at the sprawling campus of human resources technology giant Paycom in Oklahoma City.Off-duty police officers roam the grounds, bolstering the company’s own force of armed guards. A basement...
Dec 2 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape.BHSI’s...
Dec 2 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.While...
Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...
Nov 26 2019 // Federal workplace safety officials have proposed $210,037 in penalties against a Missouri contractor protect employees from trench collapse and electrical hazards.The U.S. Department of Labor’s Occupational Safety...
Nov 22 2019 // McDonald’s Corp. employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store redesign that staffers say has made it easier for angry customers to leap over the counter and...
Nov 19 2019 // Favor, the Texas-based on-demand delivery service, is now providing its entire Runner community of over 80,000 contract delivery drivers with commercial automobile liability insurance coverage during every active delivery...
Nov 19 2019 // Employers in Montana reported a total of 14,100 workplace injuries and illnesses in 2018, with 11,900 of those injuries in the private industry. Of those private industry injuries and illnesses, 5,700 were serious enough...
Nov 18 2019 // Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth quarter–and for some, will continue into the new year, according to a recent report from...
Nov 15 2019 // A Tulsa, Oklahoma, man was sentenced to 15 months in prison and ordered to repay nearly $370,000 after being found guilty of stealing from his employer.Ernest Everette Howard, 49, of Tulsa, must $368,329.61 in restitution,...
Nov 15 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.While...
Nov 13 2019 // Regulators have recommended a nearly $73,000 fine against the Iowa Department of Human Services after finding serious workplace safety violations at a state-run psychiatric hospital where several employees have been...