All the headlines from our Commercial Lines Topic Page, ordered by recency.
Dec 24 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,...
Dec 20 2019 // Ascot has appointed Drew Walter as executive vice president and head of Cyber & Commercial E&O. Also joining the team are Tracy O’Hara, Abigail Oliver, Greg Garijanian and Ben Mancuso. Based in New York,...
Dec 19 2019 // The family of former NHL player Scot Kleinendorst says he has died of injuries suffered in a workplace accident in northern Minnesota.Kleinendorst suffered severe brain trauma and numerous broken bones at UPM Blandin paper...
Dec 16 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 16 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 16 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 16 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 16 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 13 2019 // McDonald’s Corp. has won a huge victory in a multiyear legal battle over whether it should share responsibility for alleged labor violations in its franchisees’ restaurants, a case that posed a major threat to...
Dec 12 2019 // Stonetrust Commercial Insurance Co., based in Baton Rouge, Louisiana, has hired Brandon Lege as director of Loss Prevention and John Moore as a production underwriter.Lege was formerly the safety and training manager for...
Dec 12 2019 // Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses.Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data...
Dec 10 2019 // Beazley has launched its BioSecure policy, a life sciences proposition designed for small businesses. The coverage provides flexible insurance protection against a range of exposures in the pharma, biotech and medical...
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...