Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Relax, Uber’s Not Interested in Entering Insurance Business
Oct 15 2018 // While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global transportation firm is...
Generali Launches Cyber Insurance Function and Cyber Security Subsidiary
Oct 9 2018 // Generali has launched a new Cyber Insurance function and the formation of a cyber security company. The Cyber Insurance function will combine a range of cyber insurance solutions with the support of a technology start-up,...
Israeli Risk Modeling Firm Kovrr Launches Silent Cyber Risk Identification Product
Oct 5 2018 // KOVRR, a provider of predictive modeling for cyber insurance, announced a silent and affirmative cyber risk product. The new product enables insurance and reinsurance carriers to identify uncalculated capital at risk and...
Tower Hill Specialty Enters Illinois Property Insurance Market
Oct 5 2018 // Ohio-based Tower Hill Specialty is now offering property insurance in Illinois. Currently available in seven states, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and condominium products....
Digital Broker Kelly Klee Launches Online Coverage Plan for Private Clients
Oct 4 2018 // Kelly Klee, Inc., a digital insurance broker in the high net worth space, has released a customizable online coverage plan for private client insurance. The new Kelly Klee online coverage plan allows consumers to see...
Credit Karma Enters Auto Insurance Market
Oct 3 2018 // Financial technology startup Credit Karma said on Tuesday it is expanding into insurance through a new service that makes it easier for users to find cheaper auto insurance policies. The tool generates suggestions by...
New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona
Sep 25 2018 // Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will...
Starr Insurance Cos. Launch Monoline GL Construction Wrap-Up Coverage
Sep 21 2018 // Starr Insurance Companies has introduced Starr CIP Enterprise, a monoline general liability construction wrap-up insurance policy. The new product is designed for property owners and contractors who need tailored primary...
Willis Towers Watson Launches Property Loss Modeling Platform
Sep 20 2018 // Willis Towers Watson has launched a new technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies. The new...
Ohio’s Hylant Launches Haven Re Group Captive for Middle-Market Businesses
Sep 19 2018 // Toledo, Ohio-based privately held independent insurance brokerage, Hylant, has launched Haven Re, a primary casualty, heterogeneous group captive designed to provide well-performing middle-market businesses an attractive...
Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber
Sep 7 2018 // Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their...
State Farm Mutual Automobile Insurance Company Announces New York Rate Cut
Aug 31 2018 // State Farm Mutual Automobile Insurance Company has announced it will cut its rates in New York. As a result, its overall personal auto rate will drop by 3.4%. The total state-wide expected impact for State Farm Mutual by...
Atlas General Insurance Services Launches Workers’ Compensation Program for the Cannabis Industry
Aug 30 2018 // San Diego, CA, August 30, 2018– Leading national program administrator, Atlas General Insurance Services, LLC, announced today its new workers’ compensation program for the cannabis industry in California. This...
Wisconsin’s CorLife Launches Workers’ Comp Home Health Service
Aug 29 2018 // CorLife LLC, a Green Bay, Wisconsin-based provider of ancillary benefits and home modification services for workers’ compensation carriers nationwide, has added a new company, CorCare LLC, which provides skilled,...
Cabrillo Coastal Launches Flood Coverage Endorsement for Florida Homeowners
Aug 20 2018 // Cabrillo Coastal General Insurance Agency, headquartered in Gainesville, Fla., is now offering a flood endorsement for new or existing homeowners policies for their admitted programs in Florida. Cabrillo’s flood...
ACORD Launches Data Toolkit for London Market Reinsurance, Big Commercial Risks
Aug 17 2018 // ACORD, the global standards body for the insurance industry, has launched an Adoption Toolkit to support the application of data standards for global reinsurance and large commercial risks in the London market. “The...
StarStone Launches Casualty Consortium for Australia, New Zealand Markets
Aug 15 2018 // StarStone, the global specialty insurer, has launched a casualty consortium targeted at the Australian and New Zealand markets. The consortium is led by StarStone’s Mark Hunt and has begun underwriting...
Mortgage Startup Blend Labs Enters Homeowners Market With MetLife
Aug 6 2018 // Blend Labs Inc., a startup that first became known by helping big banks make it easier for homebuyers to get a mortgage online, is branching out into a new industry: insurance. The San Francisco-based company is launching...
Security First Enters Florida’s Growing Private Flood Market
Aug 6 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program. Ormond Beach, Fla.-based Security First...
Flood Model Changes Help Hiscox Re & ILS Enter U.S. Flood Market
Aug 6 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...
