Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
California Commissioner Announces 5% Workers’ Comp Rate Increase
Oct 24 2008 // Rejecting the Workers Compensation Insurance Rating Bureau’s (WCIRB) call for a 16 percent increase in the benchmark for determining workers’ compensation costs, California Insurance Commissioner Steve Poizner...
ProLawyer Insurance, LLC Announces New MGA Appointment for an Admitted Lawyers Professional Liability Product
Oct 22 2008 // Newtown, PA – ProLawyer Insurance, LLC is pleased to announce its Managing General Agent appointment with ProAssurance Group companies. ProAssurance Group is rated “A-” (Excellent) by A.M. Best and...
Argo Launches International ‘Financial Products’ Coverage
Oct 22 2008 // The Bermuda-based Argo Group International Holdings has announced the launch of Argo Financial Products Limited (Argo Financial). The unit will be based in London and will “specialize in a broad array of financial...
Motorists Mutual Launches New Product for Auto Dealerships, Garages
Oct 16 2008 // Motorists Mutual Insurance Company recently launched two new products for franchised auto dealerships and enhanced two existing products for garages and nonfranchised auto dealerships that help independent agencies offer...
West Virginia-based BrickStreet Launches Out-of-State Coverage
Oct 13 2008 // BrickStreet Mutual Insurance Co., headquartered in West Virginia, will expand its services in 2009 by offering to provide its West Virginia policyholders with workers’ compensation coverage in other...
Iowa Announces Flood Buy Out Deadline for $200 Million in Federal Aid
Oct 7 2008 // State officials say nearly three dozen Iowa communities vying for about $200 million in federal aid to buy out homes in flood-prone areas have until early next year to make formal applications. Bret Voorhees is a spokesman...
Willis Re Launches P&I and Marine Mutual Reinsurance Team
Oct 3 2008 // Willis Re, the reinsurance arm of global broker Willis Group Holdings, has announced the formation of a Protection & Indemnity (P&I) and Marine Mutual Reinsurance team, and appointed a managing director and three...
ICW Group Enters Small Business Market
Oct 2 2008 // ICW Group, a group of insurance companies, has entered the small business market for workers’ compensation insurance. Comprehensive coverage and claims services is available in more than 40 small business categories,...
105 Workers Comp Carriers Enter West Virginia
Sep 22 2008 // Since West Virginia opened its workers’ compensation insurance market on July 1 of this year, 105 insurance carriers have entered the field and begun to write policies, according to Insurance Commissioner Jane L....
Tufts Health Plan to Enter Rhode Island Market
Sep 21 2008 // Tufts Health Plan will start insuring Rhode Island residents next year and compete against three existing insurers. Tufts President and CEO James Roosevelt Jr. said the Watertown, Mass.-based firm has been looking for...
Crump Launches Exclusive Liability Program for Subcontractor Risks
Sep 8 2008 // Crump Insurance Services, part of Crump Group, an insurance wholesaler, has introduced a general liability program for subcontractors, both residential and commercial, for a broad range of classes. This program, offered...
ACE Europe Launches New Pension Trustee Liability Product for Ireland
Sep 2 2008 // ACE Europe announced from its Dublin headquarters that it has launched a new Pension Trustee Liability (PTL) product “ACE Elite PTL IV,” which has been developed to provide comprehensive protection for Pension...
RelMark Launches Risk Purchasing Group for Fire Sprinkler Industry
Aug 18 2008 // Chester Springs, Pennsylvania insurance program RelMark launched the Fire Sprinkler Risk Purchasing Group, Inc. offering fire sprinkler contractors’ general liability insurance and risk management needs. RelMark...
Swiss Re Launches U.S. Agency Umbrella E&O Coverage
Aug 13 2008 // Swiss Re’s Commercial Insurance group has introduced Errors and Omissions (E&O) agency umbrella coverage in all 50 states and the District of Columbia. “The insurance policy offering was developed in...
PGI Launches Self-Storage Insurance Coverage
Aug 13 2008 // Morristown, New Jersey-based PGI Commercial has launched a comprehensive insurance program for self-storage facilities, with coverage provided by member companies of Argonaut Insurance Group. The program conprises a...
RMS unveils New UK Inland Flood Model, EU Earthquake Model
Aug 8 2008 // UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of...
Florida Launches Updated Web Site for Homeowners Insurance Shoppers
Aug 7 2008 // Florida Gov. Charlie Crist and Insurance Commissioner Kevin McCarty launched the updated www.ShopAndCompareRates.com Web site. The two offices activated the free, online tool in July 2007 to assist consumers looking to...
Aon Launches ‘Green Building Property Program’
Aug 7 2008 // Aon Corporation has launched the “Aon Green Building Property Program,” which it describes as the “industry’s most comprehensive insurance solution to facilitate environmentally friendly and...
Lexington Launches Public/Private Partnership Coverage
Aug 5 2008 // Lexington Insurance Company, a unit of AIG Commercial Insurance, announced the launch of “Lex P-3 Solutions SM,” which it described as offering “tailored risk management and insurance products that...
Florida-based Homeowners Choice Announces Initial Public Offering
Aug 1 2008 // Homeowners Choice Inc., based in Clearwater, Florida, announced that it has completed an initial public offering of 1,666,668 units, each consisting of one common share and one warrant, at a price of $7.00 per unit. Two...
