Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
ACE Casualty Risk Enters Environmental Risk Market
Dec 4 2002 // ACE Casualty Risk is entering the environmental risk market resulting in the creation of a new unit, ACE Environmental Risk. The new environmental and casualty underwriting unit will offer environmental liability products...
ADP Launches Web-Based Estimate Auditing Tool for Auto Claims
Dec 3 2002 // ADP Claims Services Group announced the general availability of Claimsflo Passport version 3.0, the automotive claims industry’s first web-based auditing tool. Passport version 3.0 audits 100 percent of estimates...
ISO, ALR Announce New System to Report Theft of High-Value Stolen Property by Insurers
Nov 19 2002 // The Art Loss Register (ALR) and Insurance Services Office, Inc. (ISO) announced an enhanced property-loss reporting system that will increase the efficiency of reporting the theft of high-value stolen property by...
Aon Unveils Two New Workers Comp Models for Earthquakes and Terrorism + James Bond
Nov 18 2002 // Aon Corp.’s subsidiary, Aon Re Inc., has unveiled two timely new models for workers’ compensation catastrophes. One covers all significant U.S. earthquake regions, and the second analyzes terrorism exposures...
MedSolutions Announces Radiology Solutions Designed for WC and Auto Liability
Nov 14 2002 // MedSolutions, a provider of radiology management solutions, announced the launch of a new line of services designed expressly to meet the imaging needs of the workers’ compensation and auto liability...
AXIS Specialty Announces Strong Q3 Results
Oct 25 2002 // AXIS Specialty Limited, one of the largest of Bermuda’s new insurers, announced that it produced $92.1 million in net income for the third quarter and $153.8 million for the nine months ended September 30. The...
IIAT Launches Tool to Connect Independent Agents With Homeowners
Oct 18 2002 // The Independent Insurance Agents of Texas announced it now offers homeowners a new online resource for finding independent insurance agencies that are actively writing homeowners insurance policies. The resource, called...
Heart & Hypertension Workers’ Comp Network Launched in Fla.
Oct 17 2002 // CHOICE Medical Management Services Inc. of Tampa, Fla., unveiled its new specialty workers’ compensation network for heart and hypertension at the 2002 Florida PRIMA State Conference. CHOICE indicated its program is...
ISO Unveils KR&E Coverage
Oct 15 2002 // With kidnapping for ransom on the rise around the world, Insurance Services Office, Inc. (ISO) has unveiled a new policy insurers can use to offer kidnap, ransom and extortion (KR&E) coverage. ISO has also teamed up...
eAgency Announces Initiative to Deliver Wireless Sales Platform for Industry
Oct 7 2002 // California-based eAgency Systems announced an agreement with Research In Motion Limited (RIM). The focus of the new project is to build a platform to support the 800,000-plus insurance agents in the U.S., that is designed...
Core Solutions Announces Workers’ Compensation Initiative
Oct 4 2002 // Core Solutions Inc. announced that it has developed a strategic initiative that will allow its clients to effectively manage the rising costs related to maintaining workers’ compensation coverage. President Christine...
Travelers Unveils Electronic Claim Notification for Personal, Small Business Agencies
Oct 1 2002 // Travelers Property Casualty is now providing its independent agents with online, real-time information on the opening and closing of small business and personal claims. Electronic Claim Notification, or ECN, allows agents...
Nationwide Flood Research Launches Marketing Service for Agents
Sep 25 2002 // Dallas-based NationWide Flood Research Inc. (NFRI) announced it has launched AtRisk, a three-step marketing service that helps insurance professionals locate potential customers and cross-sell flood policies to existing...
CNA Launches Specialty D&O and Fiduciary Liability Lines
Sep 10 2002 // Schinnerer & Company Inc. of Chevy Chase, Md. is now offering liability coverage to architects, engineers, land surveyors, landscape architects and specialty consultants through CNA’s E-Pack. With this newest...
Quotesmith.com Unveils Homeowners Ins. Comparison Service for Calif. Residents
Sep 6 2002 // Quotesmith.com announced the launch of a brand new homeowner insurance price comparison service for residents of California. The California debut includes an initial lineup of six leading insurers that are now immediately...
State Auto Financial Announces Dividend Increase
Aug 19 2002 // The board of directors of Ohio-based State Auto Financial Corporation voted to increase the quarterly cash dividend to $0.035 per share, payable Sept. 30, 2002, to shareholders of record at the close of business on Sept....
Bridgefield Casualty Unveils Commercial Package Policy
Jul 30 2002 // Bridgefield Casualty Insurance Company, a subsidiary of Summit Holding Southeast, Inc., is now offering a Commercial Package Policy (CPP) to employers in Mississippi and Alabama. The Commercial Package Policy (CPP) offers...
Safeonline Technology to Launch 1st and 3rd Party Tech Coverage
Jul 15 2002 // Michigan-based digital risk insurance specialist, SafeonlineT announced the launch later this month of a new 1st and 3rd party policy that the company says will provide a much needed in-fill for small to medium firms who...
S&P, A.M. Best, Stock Markets React to Munich Re Announcement
Jul 12 2002 // The reaction to Munich Re’s announcement that it would strengthen reserves at American Re and for the WTC attacks by a total of $2.5 billion (See IJ Website July 11) had a decidedly unsettling effect. Standard &...
TransGuard Enters Deal With Sherwood International’s for Automation Systems
Jul 11 2002 // Chicago-based TransGuard Insurance of America, inked a multimillion dollar license and implementation agreement with Sherwood International under which TransGuard will automate its business operations and enterprise...
