Commercial Lines
CEO Viewpoints: On Michigan, California and Litigation ‘Leeches’
"Michigan—not so great." The easy-to-overlook observation about insurance risk, delivered by Elizabeth Heck, chief executive officer of Greater New York Insurance Companies, during a panel ...
U.S. P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best ...
Sudden Downshift Transmission Issue Prompts Ford Recall of 668,000 2014 F-150 Pickups
Ford Motor said Tuesday it is recalling 668,000 F-150 pickup trucks worldwide from the 2014 model year because vehicles can unexpectedly downshift into the first gear causing a loss of driver control ...
Survey: U.S. Business Owners Seek More Insurance Coverage as AI, Election Risks Loom
Artificial intelligence and the U.S. election have emerged as significant risks to businesses this year with an overwhelming 80 percent of owners worried their insurance will ...
QBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. ...
NCCI CEO Perspective: Workers Comp Below 90 Again; Line Is Healthy and Resilient
NCCI has a unique role in gathering and analyzing data about the workers compensation system. At our recent Annual Insights Symposium 2024, we shared the latest key ...
Employee Who Was Trapped in Elevator Denied Workers Comp Benefits
A health insurance company employee who was trapped in an elevator for about 30 minutes has been denied workers compensation benefits. The employee did not suffer any physical injury while she was ...
WTW: U,S. Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%
Broker WTW said commercial lines insurance increased overall by an average of 6.3 percent during the first quarter. Quarterly price increases have been about 6 percent since the global pandemic, WTW ...