Latest Commercial Lines Headlines

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

Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017

Dec 17 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS).The survey compared prices...

Penn. High Court Rules Employer Has Duty to Safeguard Employees’ Personal Info

Dec 17 2018 // The Pennsylvania Supreme Court has ruled that an employer has a legal duty to use reasonable care in safeguarding its employees’ sensitive personal information stored on an internet-accessible computer. This vacates...

Michigan’s Kaufman Group Named a BEST for Workplace Training and Development

Dec 11 2018 // The employees and agent/broker clients of Farmington Hills, Michigan-based H.W. Kaufman Group may be pleased but not surprised to learn that the specialty insurance organization has been recognized as one of the best in...

Penn. High Court Rules Employer Has Duty to Safeguard Employees’ Personal Info

Dec 10 2018 // The Pennsylvania Supreme Court has ruled that an employer has a legal duty to use reasonable care in safeguarding its employees’ sensitive personal information stored on an internet-accessible computer.This vacates...

Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017

Dec 10 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS).The survey compared prices...

Gallagher Acquires UK Commercial Broker Pavey Group

Dec 7 2018 // Global insurance broker Gallagher has acquired commercial insurance broker Pavey Group Holdings in the southwest UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey Group was...

Senators Seek Ban on ‘Confessions’ Tactic Used by Predatory Small Business Lenders

Dec 7 2018 // Two U.S. senators are seeking to outlaw a legal tactic that predatory lenders have frequently used to seize money from small businesses.Senators Sherrod Brown, the top Democrat on the Senate Banking Committee, and Marco...

Small Business Insurtech CoverWallet Expands to Offer Its Tech, Markets Access to Agents

Dec 4 2018 // CoverWallet, a technology company that has been on a mission to “reinvent insurance for small business” customers, is now offering its platform for insurance agencies, the company revealed today.With 16...

Progressive to Offer Online Cyber Marketplace to Small Business Owners

Dec 3 2018 // Progressive Insurance will offer small business owners the ability to compare, quote and buy cyber insurance online, alongside other small business coverages, through CyberPolicy, an online cyber insurance marketplace...

J.M. Wilson Adds Henard as Commercial Bond Underwriter in Indiana

Nov 29 2018 // Managing general agency and surplus lines broker J.M. Wilson has hired Aimee Henard as a commercial bond underwriter in its Carmel, Indiana, office.Henard is responsible for underwriting new and renewal commercial and...

5 Quick Questions Before I Read a Commercial Policy

Nov 28 2018 // It’s that time of year at the Academy. I’m pouring over spreadsheets and schedules. I’m emailing instructors and planning classes. Yeah. I’m trying to look ahead and work ahead, all while looking at...

Insurtech MGA Corvus Raises $10 Million to Expand Commercial Lines Business

Nov 27 2018 // Corvus Insurance has secured $10 million in new venture financing that the Boston-based insurtech managing general agency plans to use to jump into additional lines of commercial insurance.Two firms led the startup’s...

Employers Mutual Looks to Acquire Outstanding Stock of EMC Group

Nov 26 2018 // Employers Mutual Casualty Co. has proposed to purchase all the outstanding common stock of its affiliate EMC Insurance Group Inc.As the parent company, Employers Mutual Casualty currently owns approximately 55 percent of...

Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife

Nov 21 2018 // When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well.“If we can have a healthier workplace it is going to decrease disability costs, it’s going to...

Minnesota Workplace Injury Rate Fell to an All-Time Low in 2017

Nov 20 2018 // Minnesota’s Department of Labor and Industry (DLI) in early November reported that the state’s estimated workplace injury and illness rate for 2017 is the lowest rate since the measurement started in...

Lowell Joins The Hartford to Head Small Business Innovation Lab

Nov 20 2018 // The Hartford has appointed Christopher Lowell to lead its Small Business Innovation Lab, which will design and test new products and business models to meet the needs of The Hartford’s small business...

Liberty Mutual Restructures Distribution for Commercial & Specialty Products

Nov 16 2018 // Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products.Shaun Kelly, president Global Risk...

UK’s RSA Plans to Exit Three London-Based Global Business Lines

Nov 14 2018 // RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning.Closing...

Atlas General Insurance Recognized as a Top Workplace by San Diego Union Tribune

Nov 14 2018 // San Diego, CA, November 14, 2018 – Atlas General Insurance Services, LLC (‘Atlas’), a national multi-line program administrator, has for the third time been named as one of the Top Workplaces in San Diego by...

Can Commercial Auto Insurers Get to Profit Before Autonomous Vehicles Arrive?

Nov 9 2018 // Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor...