Commercial Insurance NEWS


PIA names Acuity its 2018 Company of the Year

National Association of Professional Insurance Agents tabs Wisconsin-based P&C, commercial carrier focused on independent agents with its top honor.

Property & Casualty Insurance Discussion

Recent Commercial Lines News

Actuarial Science ranked as ‘most valuable’ college major

The joke’s on fine arts grads, who have the “least valuable” college degree while actuarial science was tops among 162 degrees, according to a new study from Bankrate.

How insurers provide stability to financial markets and the overall economy

Time to feel good about how your industry benefits society, courtesy of a new White Paper by the Insurance Information Institute that examines the correlation between the economic environment and the insurance industry.

First-of-its-kind ‘Cannabis Businessowners Policy’ launched in California on 4-20

The new CannaBOP Program is designed for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related businesses operating in the state of California.

Nationwide on indy side: Carrier to transition to full independent agency distribution model by...

Approximately 2,000 existing agents who have been operating under the Nationwide brand may transition to an independent agency model or could stay captive under another carrier.

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.

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.

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