Commercial Insurance NEWS

How insurance can protect businesses from sexual harassment claims

With countless allegations dominating the news in recent months, a new white paper from Lockton explains how the scope and breadth of coverage for businesses varies by policy and specific details.

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Recent Commercial Lines News

AXA acquires XL Group, creating the #1 global P&C commercial lines insurance platform

Move expected to accelerate AXA’s planned spinoff of AXA Equitable as AXA transitions toward P&C risks and away from financial risks.

Massachusetts P&C agency hit with $2 million+ judgment for failing to advise on adequate...

Recent jury verdict stemming from a 2010 fire incident proves a cautionary tale about the necessity of advising clients to secure adequate coverage.

Indy agents still responsible for lion’s share of P&C premiums; seen as growth engine...

First-ever J.D. Power U.S. Independent Insurance Agent Satisfaction Study takes pulse of largest P&C distribution channel, and finds overall agent satisfaction with insurers is just 696 (on a 1,000-point scale) for personal lines and 686 for commercial lines.

Vermont again tops for insurance regulation environment; Delaware ranks last, report finds

While Vermont is only state to earn an A+ grade, significant new restrictions imposed on underwriting freedom relegated Delaware to the bottom of R Street Institute’s 2017 Insurance Regulation Report Card.

Insurance entities urging Santa to review coverage before Christmas Eve

Santa Claus is being urged (in a tongue-in-cheek manner) to review his insurance coverage prior to embarking on his incredible around-the-world journey on Christmas Eve.

Organic growth stalls but profits soar in 3Q for P&C agencies and brokerages

More favorable pricing, economic trends suggest improved growth ahead according to new report; profitability hits median high of 22.7% in third quarter.

Nearly half of business owners have been victims of a cyberattack – but didn’t...

Highlighting the need of small businesses to obtain cyber insurance coverage (3 in 4 have none), a newly released Nationwide survey finds 1 in 3 victimized small businesses spent at least $50,000 to recover, yet rebuilding reputation and customer trust can take more than a year.

Tips to share with businesses to guard against a cyber attack

The expanding market of cyber insurance plays an essential role in protecting and reducing the risk a business faces as a result of a malicious attack.

Despite increasing risks, cyber insurance remains largely disregarded by those who need it most

One prime example of how insurance powers innovation in the business world is the protection that can be provided by cyber attack coverage. Cyber insurance - a product still in its relative infancy with crucial defenses that many companies have yet to grasp - provides an exciting growth opportunity for agents who can convey its value to clients.

Active Shooter Insurance’ a sign of the times

McKinney, Texas-based GDP Advisors, LLC recently announced the launch of an “Active Shooter Insurance Program,” joining the Willis Group and XL Catlin in offering...

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