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Commercial Insurance News

Be in the Know: Devastating Reputational Risks

A strong reputation has the potential to be your largest asset, but just one crisis could irrevocably tarnish your image and ruin your business. According to a recent survey from Deloitte, the largest professional services network in the world, 87 percent of business executives believe that reputation is their largest risk area, and only 19 …

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Downward Trend in Commercial P/C Rates Continued in Q3

WASHINGTON, D.C. – November 1, 2016 – Commercial property/casualty rates decreased across all size accounts once again, according to The Council of Insurance Agents & Brokers’ Commercial P/C Market Survey for the third quarter of 2016. The average decrease was -3.2 percent which is a slight increase from -3.9 percent in Q2. Large accounts once again saw …

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Q2 Commercial P/C Rates Continued Decline

Originally Published on www.ciab.com by The Council of Insurance Agents & Brokers WASHINGTON, D.C. – August 4, 2016 – The Council of Insurance Agents & Brokers has released the results of its Commercial P/C Market Survey for the second quarter of 2016. Rates once again decreased across all size accounts, by an average of -3.9 …

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Purchasing Workers’ Compensation Coverage: Five Considerations for Selection

Workers’ Compensation is mandatory in the Commonwealth of Pennsylvania and is designed to simultaneously achieve the goals of safer workplaces, prompt compensation and treatment of those it protects and reduces litigation costs to all parties. So what are the things you should look for when you purchase Workers’ Compensation coverage? Read More…

Commercial Rates Continue Moderation Trend

Commercial insurance pricing yielded a composite index of minus 2 percent for April as compared to minus 3 percent in March and minus 4 percent in January and February 2016. Richard Kerr, CEO of MarketScout outlined the market position, “It seems we may have a reversal of sentiment. Rates are moderating. We are only seven …

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Employers Should be Aware of Rules Concerning Workplace Posters

Even if your company has only a few employees, a number of federal and state laws require you to display labor posters in your workplace that include information about relevant employment laws. Employers should be mindful of the following mistakes concerning workplace posters. Read more…

Commercial insurance rates slide in February

By: Mark A. Hofmann – March 4, 2016 Commercial property/casualty insurance rates dropped an average 4% in February compared with the same month a year earlier, MarketScout said Friday. The Dallas-based electronic insurance exchange said no line of coverage that it tracks experienced a rate increase. In terms of coverage lines, commercial property registered the largest …

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