Latest Commercial Lines Headlines

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

Philadelphia Bookkeeper Sentenced for Embezzling Nearly $1.6M from Employer

Oct 21 2019 // A Philadelphia bookkeeper who embezzled nearly $1.6 million from his New Jersey employer over a 10-year period has been sentenced to more than eight years in federal prison.Peter Goodchild must also pay restitution under...

Group Warns Congress Legalized Cannabis Is Workplace Risk

Oct 21 2019 // A group of occupational medicine doctors is warning that legalization of marijuana has “huge” public and workplace health and safety implications that Congress should consider when dealing with the issue.The...

How Risk Management is Transforming Risk in Commercial Property

Oct 21 2019 // Commercial property underwriters are adjusting to a market defined by rising catastrophe losses and dwindling profits. From increasing rates and higher deductibles to fewer classes of business and stricter underwriting,...

Venture Insurance Programs Creates Small Business Online Platform

Oct 18 2019 // Venture Insurance Programs, a national insurance program administrator, has unveiled Venture Small Business – a new business unit designed to simplify how agents and brokers quote and bind business for more than 150...

Occupational Medical Group Warns Congress Legalized Cannabis Is Workplace Risk

Oct 15 2019 // A group of occupational medicine doctors is warning that legalization of marijuana has “huge” public and workplace health and safety implications that Congress should consider when dealing with the issue.The...

Ohio Foundry Facing $270K in Penalties for Serious Workplace Health Violations

Oct 10 2019 // Federal officials have cited an Ohio foundry with three repeated and 18 serious health violations for exposing employees to crystalline silica above the permissible exposure levels.As a result, Liberty Casting Company in...

Restoration Firm Cited for Workplace Safety Violations at Missouri Capitol

Oct 8 2019 // The contractor overseeing stone restoration on the Missouri state Capitol plans to appeal federal fines for workplace safety violations.The Occupational Safety and Health Administration recommended a total of $19,890 in...

Munich Re Backs Small Business Insurtech Next Insurance with $250 Million

Oct 7 2019 // Insurtech Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re.Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its small business insurance products...

A Growing Agency With a Small Business Feel

Oct 7 2019 // Florida-based Acentria Insurance has been busy since its founding by industry veteran Kendall McEachern in 2010. The personal and commercial lines agency has acquired several agencies and now has 50 locations and more than...

Local Officials from Across U.S. Pressure McDonald’s on Workplace Harassment Policies

Oct 7 2019 // Scores of local government officials from 31 U.S. states pressured McDonald’s Corp.’s in late September to do a better job of protecting workers from groping, obscene comments and other forms of sexual...

Generali Weighs at Least $3.3B in Mid-Sized Insurance, Asset Management M&A

Oct 3 2019 // Assicurazioni Generali SpA, Italy’s biggest insurer, may invest at least 3 billion euros ($3.3 billion) to grow through mid-size acquisitions in insurance and asset management, according to Chief Executive Officer...

Workplace Quality, Not One Factor, Determines Worker Health, Job Safety: Study

Oct 3 2019 // The terms and conditions of employment — including pay, hours, schedule flexibility and job security — influence employees’ overall health as well as their risk of being injured on the job, according to new...

HSB to Offer Leak, Freeze Damage Sensor for Small Businesses

Oct 3 2019 // HSB, part of Munich Re, has introduced a cellular IoT sensor product designed to help smaller businesses and organizations prevent property damage.The device leverages IoT-specific cellular networks and connects to the...

Growth Frenzy Around Middle-Market CLOs Expected to Continue

Oct 2 2019 // It’s a marriage between two of Wall Street’s hottest products.Collateralized loan obligations — typically chock-full of broadly-syndicated debt — are increasingly being stuffed with private loans...

Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey

Oct 1 2019 // Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich...

Local Officials from Across U.S. Pressure McDonald’s on Workplace Harassment Policies

Sep 27 2019 // Scores of local government officials from 31 U.S. states pressured McDonald’s Corp.’s on Thursday to do a better job of protecting workers from groping, obscene comments and other forms of sexual harassment,...

Ohio Workers’ Comp Bureau Plans $1.5B in Employer Dividends

Sep 23 2019 // Ohio’s insurance fund for injured workers tells employers to watch their mailboxes as it prepares to send out dividend checks totaling around $1.5 billion.The Ohio Bureau of Workers’ Compensation says strong...

Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round

Sep 23 2019 // Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in...

Marsh’s Torrent Technologies Expands Private Flood Coverage for Small Businesses

Sep 20 2019 // Torrent Technologies, a Marsh company, has launched FloodPlus Commercial – a comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients.Underwritten by...

Nationwide’s Digital Storefront Targets Small Business Market

Sep 19 2019 // Nationwide said it has formally launched a commercial insurance digital storefront targeted to small businesses.Small business owners will be able to use the site online directly to generate a quote and bind a policy, or...