Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
NIP Launches Business Insurance Program for Restaurant Industry
Dec 19 2012 // NIP Programs — a division of Woodbridge, N.J.-based NIP Group Inc. that designs and manages specialty business insurance programs — introduced a business insurance program targeting owners and operators of...
Louisiana Medical Professional Liability Insurer Announces 10% Dividend
Dec 13 2012 // Louisiana Medical Mutual Insurance Co. (LAMMICO), based in Metairie, announced a sixth consecutive dividend for all LAMMICO policyholders in Louisiana and Arkansas. The announcement affects just over 6,000 policyholders,...
Main Street America Launches Commercial Lines in Mississippi
Dec 12 2012 // The Main Street America Group has announced it will start offering commercial line products in Mississippi through 50 independent agents that represent the insurer’s affiliate, Grain Dealers Mutual Insurance Co. The...
Chubb Launches Cyber Endorsement Addressing Bank Account Takeover Frauds
Dec 11 2012 // The Chubb Group of Insurance Companies has launched a new endorsement to help protect community banks from a more than three-fold increase in fraudulent online commercial transactions. The new endorsement to the ForeFront...
Assessments Announced for California Workers’ Comp Funds
Dec 6 2012 // California regulators have issued assessment rates that employers will pay in 2013 for the Workers’ Compensation Administration Revolving Fund. The fund covers the Division of Workers’ Compensation budget, the...
GMI in Pennsylvania Launches Norman Specialty Insurance Group
Nov 29 2012 // GMI Insurance — a Valley Forge, Penn.-based managing general agent for transportation insurance nationwide — announced the launch of Norman Specialty Insurance Group, a wholesale brokerage unit for specialty...
Aon Launches Replacement Flood Coverage Call Option
Nov 29 2012 // Aon Risk Solutions, the global risk management business of Aon plc has created Flood Secure Flex, a new call option for Flood Secure, to allow U.S. organizations to lock in pricing and terms for replacement flood...
IPISC Launches IP Litigation Coverage for Cyber/Media-Based Tech Companies
Nov 28 2012 // Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC) has launched IP Defense Indemnification Insurance for cyber/media-based technology companies. The cyber/media-based industry...
RLI Launches Security Guard, Alarm Systems Liability Product
Nov 15 2012 // RLI Corp. has launched a new security guard and alarm systems liability insurance product. RLI has hired Mitchell Bombet, director, underwriting, to manage this new product line. RLI will provide primary and excess...
MarketScout Launches Council for Insuring Private Clients
Nov 7 2012 // Dallas-based MarketScout, in cooperation with insurers ACE, AIG and Fireman’s Fund, announced it has founded the Council for Insuring Private Clients. CIPC will focus on implementing best practices and risk...
Foreign Insurers Enter Myanmar Market with Hope, Caution
Nov 7 2012 // The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc, AIA Group Ltd and Manulife...
Aon Benfield Launches Swiss Flood Model w/ Latest Hazard Data
Nov 6 2012 // Aon Benfield, Aon’s global reinsurance intermediary and capital advisor, has launched a new flood model for Switzerland and Lichtenstein to quantify financial losses caused by riverine and lake...
OSC Launches Tenant Protection Program for Rental Property Owners
Oct 22 2012 // OSC, an insurance and risk management services and products provider for large and small financial institutions, has launched a Tenant Policy Offering (TPO) protection program for owners of rental properties. TPO pairs...
Nissan Unveils Electronic Steering, Automatic Parking Car Safety Features
Oct 18 2012 // Electronically managed steering that completely bypasses the mechanical link of a clutch is among the new safety technology from Japanese automaker Nissan. Other vehicles are smart enough to park themselves. And some...
Hartford Steam Boiler Launches Energy Saving Tool for Homeowners Policies
Oct 18 2012 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced a new concept in homeowners insurance, HSB HomeWorks, which combines breakdown coverage for home equipment systems,...
WorkCompOne Launches Coverage Website for Small Business Owners
Oct 17 2012 // WorkCompOne, an online insurance destination, has launched a new website focused on serving small business owners. “Main street retailers and professional service providers, such as accounting, legal, engineering and...
Hiscox Launches Solo Strike Liability Protection for US Healthcare Institutions
Oct 12 2012 // To counter the growing threat of an attack by an individual on healthcare institutions, Hiscox has launched a dedicated solo strike liability insurance product for the US healthcare market. In the event of an attack,...
Secure Legal Title Launches Lloyd’s Coverage
Oct 5 2012 // Secure Legal Title Ltd., a London-based provider of legal indemnity and title insurance, announced the registration at Lloyd’s of “Secure Legal Title Cover,” which will provide legal indemnity and title...
Allied World Europe Launches Corporate Property Line of Business
Oct 1 2012 // Allied World Europe has launched its Corporate Property line of business. The unit will target a range of European domiciled companies writing lead, co-insured and layered programs. Richard Nathan, Vice President, European...
XL Group Launches New Builders Risk Property Protection Program
Sep 26 2012 // XL Group has launched a new Builder’s Risk and Installation Coverage Solutions (BRICS) product, containing more than two dozen coverage enhancements. The coverage offers property insurance protection for single...
