commercial insurance News
Carrier Innovation Broadening Commercial Insurance Reach in Changing Economy: Swiss Re
Carrier innovation is giving commercial insurance a broader reach as the economy continues to deal with major structural changes, according to a new Swiss Re sigma report. The reinsurer noted that ...
Oil Rigs in Path of Tropical Storm Nate
Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South. Nate ...
Hub International Grabs Calif. Broker Focused on VC and Tech Clients
Hub International Ltd. said it acquired the assets of California-based Costello & Sons Insurance Brokers (CSI), a move that gives it commercial lines expertise in areas including venture capital ...
Workers Comp in 2016: Record High Premiums, Slower Growth
The workers' compensation industry reported a record high $58.5 billion in direct premiums written in 2016 but year-after-year growth slowed for the first time in five years. Growth deceleration was ...
Hurricane Maria Misses Land in U.S. but Hampers Storm-Slammed Refineries
Hurricanes sometimes don't need to make landfall to cause problems for U.S. refineries. At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper the ...
A.M. Best Slaps Canal Insurance With Ratings Downgrade
Canal Insurance Co., a family-owned insurer focused on commercial trucking and specialty transportation, is dealing with a big ratings downgrade from A.M. Best. A.M. Best knocked down the A- ...
Zurich North America CEO Will Depart; Savio to Replace Him on Jan. 1
Zurich North America CEO Mike Foley plans to leave his position at the end of 2017 after more than a decade with the Swiss insurance giant. His successor has already been chosen: Kathleen Savio. ...
Next Insurance Portal Allows Small Businesses to Manage, Cancel Own Policies
Digital small business insurance provider Next Insurance has unveiled a new online portal giving small businesses more control over their insurance policies. The portal offers what Next says are ...