Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
New York Workers’ Compensation Fund Returned $585 Million to Employers
Aug 15 2023 // The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, allocated $585 million to New York employers last year through its dividends and return-of-premium programs. Every...
ChatGPT Fever Spreads to US Workplace, Sounding Alarm for Some
Aug 14 2023 // Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are...
Kellogg’s ‘Woke’ Workplace Diversity Programs Are Illegal, Group Claims
Aug 10 2023 // A conservative legal group on Wednesday urged a U.S. anti-discrimination agency to investigate Kellogg over workplace diversity policies that it says are unlawful, and accused the cereal maker of sexualizing its...
LandPro® Relaunch Offers Cutting-Edge Green Endorsements, Monoline Auto Coverage, and Snow and Ice Removal Coverage for Larger Residential and Commercial Landscapers
Aug 8 2023 // Woodbridge, NJ., August 8, 2023 – NIP Group, a renowned specialty insurance provider, proudly announces the relaunch of its highly successful LandPro® program, specially tailored for larger residential and commercial...
Commercial Property Loans Are So Unappealing Banks Trying to Dump Them
Aug 8 2023 // Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit. Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt...
People Moves: Lockton Taps Swiss Re’s Wright to Lead UK Commercial Wholesale, Succeeding Lee; MS Amlin Names Ross From Sedgwick as Product Recall Senior U/W
Jul 31 2023 // This edition of International People Moves details appointments at Lockton and MS Amlin. A summary of these new hires follows here. Lockton Taps Swiss Re’s Wright to Lead UK Commercial Wholesale, Succeeding...
Q2 Net Income Up 23% at The Hartford, Bolstered by Commercial Lines
Jul 31 2023 // The Hartford said second quarter net income was $542 million, an increase of 23% compared with the same period a year ago, driven by written premium growth of 12% in commercial lines. Net income from commercial lines was...
Las Vegas Casino Mogul Fined $10M to End Fight Over Claims of Workplace Sexual Misconduct
Jul 31 2023 // Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped...
Getting Ahead of Submission Overload: The Need for Systematic Prioritization in Commercial Lines Underwriting
Jul 28 2023 // This post is part of a series sponsored by Insurance Quantified. “I Know, You Don’t Have Time to Read This. You’re Drowning in Submissions.” I’ve had the opportunity to spend part of my career...
New Florida Workers’ Comp Rules in Effect for Employer Penalties, Exemptions
Jul 26 2023 // This month, a number of new workers’ compensation rules took effect in Florida, affecting penalties for employers who fail to obtain comp insurance and setting new requirements for exemptions for corporate...
NIP Group, A Leading Specialty Insurance Provider, Relaunches MaintenancePro ® Program for Larger Residential & Commercial Office Janitorial Services with Enhanced Offerings
Jul 25 2023 // Woodbridge, NJ, July 25, 2023 – NIP Group, a renowned specialty insurance provider, is proud to announce the relaunch of its highly successful MaintenancePro® program, tailored specifically for larger residential...
AGCS and Local Allianz P/C Entities Now Trading as ‘Allianz Commercial’
Jul 24 2023 // Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance businesses of local Allianz Property & Casualty (P&C) entities have begun to trade as “Allianz Commercial” in one...
GOP Attorneys General Shift Battle Over Affirmative Action to Workplace
Jul 20 2023 // Thirteen Republican state attorneys general are cautioning CEOs of the 100 biggest U.S. companies on the legal consequences for using race as a factor in hiring and employment practices, demonstrating how the Supreme...
People Moves: AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business; Miller Expands US Casualty Team With 2 Hires From Price Forbes
Jul 18 2023 // AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business AXA XL Insurance appoints Adele Smith as head of Mid-Market Generalist in the next phase of its targeted U.S. Mid-Market insurance business...
Clear Group Acquires UK-Based MGA, One Commercial Specialty Ltd.
Jul 14 2023 // The Clear Group, the London-based independent broker, announced the acquisition of One Commercial Specialty Ltd., a speciality lines managing general agent. This represents the Clear Group’s second MGA deal and is a...
People Moves: Powers Hires Favazza as Commercial Lines Risk Management Advisor; Ryan Specialty Appoints D’Onofrio CEO and Alvin CUO
Jul 13 2023 // Powers Insurance & Risk Management Hires Favazza as Commercial Lines Risk Management Advisor Powers Insurance & Risk Management, headquartered in St. Louis, Mo., hired Giovanni “Johnny” Favazza as...
Arthur J. Gallagher Acquires Benchmark Commercial Insurance Services in California
Jul 13 2023 // Arthur J. Gallagher & Co. acquired Carlsbad, California-based Benchmark Commercial Insurance Services. Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of...
TWIA Committee Recommends 5% Increase in 2024 Residential Rates, 8% for Commercial
Jul 12 2023 // The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024. The TWIA...
People Moves: Aon Names UK Leaders for Reinsurance Solutions; Zurich Announces Key Leadership Roles for APAC Commercial Insurance
Jul 12 2023 // This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows here. Aon Names UK Leaders for Reinsurance Solutions Insurance broker Aon plc outlined the...
Workers’ Compensation Undercuts Employer Liability Exclusion, U.S. Appeals Court Rules
Jul 11 2023 // Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the...
