All the headlines from our Commercial Lines Topic Page, ordered by recency.
Mar 17 2022 // A workers’ compensation insurance company’s hefty penalty against its non-compliant insured will likely stand, after a federal appeals court found that the matter was governed by state insurance regulators, not...
Mar 16 2022 // According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial performance in the long...
Mar 15 2022 // First Chicago Insurance Company announced it recently launched its augmented commercial auto insurance program in Illinois and Indiana. The program covers owned or leased Vehicles, hired autos, non-owned, temporary...
Mar 15 2022 // Woodruff Sawyer named John Neuhalfen director of operations in commercial lines.Neuhalfen will be based in the San Francisco, California office. He spent 15 years at Chubb, where he was most recently a regional vice...
Mar 10 2022 // California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs offered to businesses, no later than May 1.Lara’s action...
Mar 8 2022 // A Seattle, Washington, construction company owner is facing jail time in a case that’s holding an employer criminally responsible for a preventable worker death.Alki Construction owner Phillip Numrich was sentenced...
Mar 7 2022 // U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS).The aggregate commercial price change reported by carriers was...
Mar 7 2022 // This issue’s special report talks to a few carrier executives about the state of the small business insurance market and the opportunity and risks this important sector faces in 2022.But when it comes to top risks,...
Mar 7 2022 // The global pandemic, economic recession and worldwide supply chain shortages have not hindered the optimism and drive of the U.S. small business sector. In fact, the Great Resignation might lead to a small business...
Mar 7 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
Mar 2 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition.According to its 2022 Cyber...
Mar 2 2022 // Labor unions and worker advocates have applauded President Joe Biden’s nomination of Judge Ketanji Brown Jackson for the Supreme Court. Yet a look back at Jackson’s decisions in cases involving business and...
Feb 28 2022 // It’s more bad news for Dollar General stores, one of the largest food and household goods retailers in the country.Federal safety regulators announced that they have added another $1 million in fines against the...
Feb 25 2022 // Most middle-market firms experienced a recovery following the height of disruptions caused by COVID-19 and remain mostly optimistic about the global economy, but other business risks loom large.According to a survey of...
Feb 25 2022 // More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat.Those are the findings of a new study by Zurich Insurance Group, which mapped every commercial and...
Feb 24 2022 // The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the cost of commercial...
Feb 22 2022 // Fundamental Underwriters, a specialty managing general underwriter, announced today that it would expand its mid-market commercial trucking insurance product offerings into three additional states – Louisiana, Michigan...
Feb 22 2022 // An intense fire burned a downtown Los Angeles commercial building early Friday.More than 100 firefighters were brought in to battle the fire, which was declared a major emergency, the Fire Department said. Firefighters...
Feb 16 2022 // AXA Insurance UK announced the acquisition of the renewal rights to Ageas UK’s commercial business for an initial consideration of £47.5 million (US$64.3 million).The deal will see Ageas’ Commercial lines...
Feb 11 2022 // McGriff Adds Mike Feighl as Commercial Marketing Account ExecutiveMcGriff has hired Mike Feighl as a senior vice president and marketing executive in its Houston-based Commercial Division. Feighl comes to McGriff from...