News

David Long has worked for the Boston-based insurer for 37 years, becoming president in 2010, CEO in 2011 and chairman in 2013. He will retire at the end of the year.

First-year injuries led to more than 6 million lost workdays over a five-year period, according to a Travelers report.

As losses mount, insurance companies and their reinsurers continue to assess rate increases across all lines of coverage and industry groups.

The report studied how agencies approach specialty lines, such as the key factors they consider in the placement decision-making process.

Coalition announced two new insurance products to help protect the leaders of small and midsize businesses.

The Hanover plans to integrate its workers compensation, business owners policies and general liability products into Vertafore’s Commercial Submissions solution.

Commercial rates saw an increase of 6.8% at third quarter of 2021, while personal lines saw average increases of 6.6%.

Nearly 1 in 3 small business insurance clients said they had to exert a great deal of effort to interact with their agent, up from 1 in 10 a year ago.

With high exposure to key risks, middle market companies are missing out on mitigation advice from insurance experts, says Chubb survey.

While the trend remains that most courts find claims are not covered, each claim still needs careful consideration based on the specific policy language and factual circumstances.