"Commercial Insurance" Blogs

U.S. Department Of Labor Rule Extends Pay To 1.3 Million American Workers

The federal government has been trying to expand overtime rules for quite a while now. Since September this year, the DOL released a final rule to make some updates to overtime pay that will benefit 1.3m American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA) – taking effect January 1, 2020, […]

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Cyber Security Awareness Month: A reminder For Businesses To Stay Safe

Autumn is already here and so is Cyber Security Awareness Month. What a better time to protect your business from online fraud, especially small and mid-sized businesses as they tend to be the prime targets for cyber-attacks for lacking the resources and protocols that larger companies have. Take some time to understand how cyber security works […]

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Commercial Rates Continue to Spike in August

Commercial insurance pricing continued to rise in August while business owners’ policies saw a lower increase compared to the prior month, according to a report by Ivans Insurance Solutions. Commercial auto saw the largest increase with premium renewal rates increasing 4.49% in August from 4.3% back in July this year. Commercial property renewal rates went […]

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Nationwide Launches New Online Commercial Insurance Storefront

A smartphone has become an important tool for our day to day activities. It’s no longer about staying in touch – it goes beyond that. From shopping, booking dinner reservations, and your next getaway, it simply makes our lives easier. Nationwide understands this, so they decided to launch a new digital storefront for its commercial […]

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73 Million Americans Face Limited Choices for Commercial Health Insurance

When it comes to getting commercial health insurance coverage, millions of Americans have limited choices, as stated by the American Medical Association (AMA). No doubt highly concentrated markets in the commercial health insurance industry are on the rise. We come a long way since 2014 when the share of concentrated markets rose from 71% to […]

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U.S. Commercial Insurance Prices Increase By 4%

Commercial insurance prices keep rising more aggressively in the second quarter of 2019 when compared to prices charged during the same period in 2018, based on the latest survey by Willis Towers Watson’s (NASDAQ: WLTW) Commercial Lines Insurance Pricing Survey (CLIPS). Willis Towers Watson has roots dating to 1828 and they are currently a leading global advisory, […]

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U.S. Department of Labor Investigations Find Overtime Wage and Child Labor Violations at Central Florida Pizzerias

During a recent investigation by the U.S. Department of Labor’s Wage and Hour Division (WHD), they found out that 11 Central Florida Flippers Pizzeria restaurants didn’t comply with overtime labor laws and had to pay 70 employees $27,425 in compensation plus $1,810 in civil money penalties for child labor violations. WHD investigators found that managers […]

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