commercial lines News

US Commercial Lines Survey Shows Aggregate Increase of 6.6% in Q4

U.S. commercial insurance prices increased 6.6% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to a survey from broker WTW. According to the latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), carriers in …

25 Straight Quarters of Premium Increases for Commercial Lines, Survey Shows

Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of Insurance Agents and Brokers’ Q4 …

A.M. Best: Workers’ Comp Outpacing Rest of Property/Casualty Commercial Sector

Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace accidents and a reduction in fraudulent claims, according to an AM Best …

Chubb Exploring Purchase of Rival Hartford, Sources Say

Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry’s biggest deals in years, people familiar with the matter said. The New York-listed …

MacNeill Group Selected to Grow Commercial Property and Casualty Business

Sunrise, FL, February 27, 2015 – MacNeill Group, a wholly-owned subsidiary of Team Focus Insurance Group (Team Focus), and a licensed managing general agent (MGA) specializing in commercial, personal, transportation and flood lines of property and casualty (P&C) insurance, is …

Western Security Surplus Enlists Tania V. Strickland to Head New San Antonio Office

Plano, TX, February 23, 2015: Kyle Stevens, President/CEO of WSS announced that the company has hired Tania Strickland as a new Senior Broker and Regional Vice President. Strickland will be heading a new Central Texas office located in San Antonio, …

Liberty Mutual Insurance Launches New Commercial Lines Brand Campaign

Liberty Mutual is as passionate about protecting your business as you are about making it thrive. That’s the theme of the newly launched domestic brand campaign for Liberty Mutual’s Commercial Insurance strategic business unit. Working with Boston-based advertising agency Hill …

P/C Insurers’ Capital Position Remains Strong: Fitch

Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic conditions in the past several years, which has promoted weaker profitability. …

Matt Koenig, CPCU Joins the Commercial Lines Team at Atlantic Specialty Lines of VA

Richmond, VA, 6/10/2011 – Atlantic Specialty Lines of VA is excited to announce the hiring of Matt Koenig as a commercial lines underwriter. Matt will be working from his location in NY and will be underwriting business in the NY …

Atlantic Specialty Lines of Florida hires Shane Fowler, AAI, CLCS

Clearwater, FL, 6/9/11 – Atlantic Specialty Lines, Inc. Shane joins ASL of FL handling placement of all lines of commercial coverage for the Surplus Lines market. He has a concentrated expertise in construction related risks as well as hospitality, environmental, …