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Most Recent Mid-Market Executive News

Ace excludes Ebola claims for some new and renewal general liability policies

By: Douglas McLeod

Published October 21, 2014 - 2:55pm CST

Ace USA confirmed Tuesday that it will exclude coverage for Ebola claims under new and renewal general liability polices issued to companies that have exposures to certain African countries.

Product helps small and midsize firms measure cyber attack readiness

By: Joanne Wojcik

Published October 21, 2014 - 2:29pm CST

Information technology solutions provider eManagement Inc. has developed a new tool to help small and midsize businesses measure their readiness to respond to and recover from cyber security attacks.

HHS form for health care reinsurance fee to be available Friday

By: Jerry Geisel

Published October 21, 2014 - 9:54am CST

A long-awaited form employers will use to provide the U.S. Department of Health and Human Services with information regulators will need to calculate the amount of a “reinsurance” fee mandated by the health care reform law will be available online starting Friday, HHS disclosed.

Ironshore expanding into agriculture sector

By: Judy Greenwald

Published October 20, 2014 - 2:07pm CST

Ironshore International, a unit of Hamilton, Bermuda-based Ironshore Inc., said Monday it plans to enter the agriculture sector, offering capacity limits of up to $10 million, with the appointment of a divisional director.

Marsh to acquire flood insurance specialist Torrent Technologies

By: Mark A. Hofmann

Published October 20, 2014 - 11:22am CST

Marsh L.L.C has signed a definitive agreement to acquire Torrent Technologies Inc., Marsh said Monday.

Employers taking action to avoid ACA excise tax

By: Jerry Geisel

Published October 16, 2014 - 6:00am CST

Forty percent of employers say they expect at least one of their health care plans to be affected by a health care reform law-authorized excise tax — unless they act — with many already taking steps to reduce the likelihood that they will be hit by the tax.

Hartford offers commercial auto discounts to encourage driver safety

By: Matt Dunning

Published October 15, 2014 - 5:08pm CST

Hartford Financial Services Group Inc. has added premium discounts and other rewards to its commercial auto policy to encourage driver safety among small and midsize businesses.

Workers' compensation rates drop again in Michigan

By: Chris Gautz, Crain's Detroit Business

Published October 15, 2014 - 10:22am CST

Businesses in Michigan are continuing to see savings in their workers compensation rates and have saved more than $277 million since 2011, a fact the state now touts to companies interested in coming to Michigan.

Council of Insurance Agents and Brokers elects chairman for 2015

By: Mark A. Hofmann

Published October 15, 2014 - 10:11am CST

Steve Brockmeyer, president and CEO of Pasadena, California-based Bolton & Co. was elected as 2015 chairman of the Washington-based Council of Insurance Agents and Brokers on Tuesday.

USI expands in Northwest with purchase of employee benefits broker

By: Joanne Wojcik

Published October 14, 2014 - 12:23pm CST

USI Insurance Services L.L.C. has acquired Wallace Insurance Inc./Scott Insurance Services, a middle-market employee benefits broker based in Anchorage, Alaska.

Travelers sues P.F. Chang's to avoid paying breach costs

By: Judy Greenwald

Published October 13, 2014 - 3:27pm CST

A Travelers Cos. unit has filed suit against P.F. Chang's China Bistro Inc. seeking a judicial declaration that it is not obligated to provide indemnity coverage or defense costs in connection with a data breach announced earlier this year.

Hub names president for national employee benefits practice

By: Joanne Wojcik

Published October 13, 2014 - 2:12pm CST

Mike Barone has been named president of Hub International Ltd.’s national employee benefits practice, a newly created position charged with directing and enhancing Hub’s investments in employee benefits products and solutions for middle-market employers, the company reported.

Colorado's September hailstorm insured damage estimated at $213.3M

By: Joanne Wojcik

Published October 13, 2014 - 12:55pm CST

A Sept. 29 hailstorm that pounded parts of Colorado's Front Range has been ranked as the state's 8th most expensive hailstorm on record, racking up an estimated $213.3 million in insured losses.

Workers comp reform hasn't helped Illinois' construction industry

By: Meribah Knight, Crain's Chicago Business

Published October 13, 2014 - 10:11am CST

It's been three years since sweeping reforms to Illinois workers compensation laws reduced the costs for treating injured employees. But those in the construction industry say they have yet to see meaningful reductions in premium costs.

Berkshire-owned Dairy Queen says customer data hacked in 46 states

Published October 10, 2014 - 1:18pm CST

(Reuters) — Ice cream and fast-food restaurant chain Dairy Queen has confirmed a security breach that may have compromised the payment card information of customers at several hundred locations across 46 U.S. states.

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