Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Hotchkiss Notes Launch of Texas Home Builders Workers’ Comp Group
Oct 11 2005 // Hotchkiss Insurance Agency Inc. (HIA) announced its newest workers’ compensation purchasing group: the Texas Home Builders Workers Compensation Group (THB-WC Group). The group includes home builders for whom specific...
State Auto Unveils Q3 CAT Losses
Oct 11 2005 // Ohio-based State Auto Financial Corporation estimates that catastrophic storms during the third quarter of 2005 will produce between $42 and $46 million in pre-tax losses for STFC. This is expected to add between 15 and 17...
XN Financial Unveils Products for High Value Homeowners’ on Fla. Coast
Oct 5 2005 // XN Holdings, parent company of XN Financial Services and XN Risk Insurance Services, will enter the Florida high value homeowners’ market with a comprehensive suite of products that includes wind-only coverage. The...
Stewart Title of California Venturing Into P/C Market with SIFS Launch
Sep 29 2005 // Stewart Title of California (STC) is looking to become a player in the property and casualty insurance industry with the launch of Stewart of California Insurance and Financial Services (SIFS). Recently approved by...
Schinnerer Unveils Professional Liability Guide for Clients
Sep 27 2005 // Victor O. Schinnerer and Company’s A/E Risk Management Department recently released a resource guide for the clients of design professionals. The Client’s Resource: Intro to Professional Liability Insurance...
Ark. Announces Changes to Auto Club License Rules
Sep 20 2005 // The Arkansas Insurance Department issued a reminder that Act 506 of 2005 amended Arkansas Code § 23-77-107(a)(2), now states that an automobile club or association may be penalized (suspended or revoked) if it no longer...
Insurex Announces Additional 15% Decrease in Workers’ Comp Rates
Sep 8 2005 // Insurex, a San Diego-based insurance brokerage, announces an additional 15.0 percent rate reduction on California workers’ compensation insurance effective Oct. 1, 2005 for affiliate agencies. The rate reductions are...
Brit Announces Record 1st half Results; Industry Katrina Loss $50 Billion
Sep 7 2005 // Brit Insurance Holdings PLC, a U.K.-based Lloyd’s and general insurer, posted record 1st half pre-tax profits of 112.2 million pounds ($207 million), up 61 percent from the same period last year. Brit indicated that...
Early Registration Deadline Sept. 23: FAIA Announces Management and Automation Training Seminar Topics
Sep 1 2005 // A line-up of expert management and technology speakers have been announced by the Florida Association of Insurance Agent’s Management and Automation Training Seminar, “MATS 2005,” taking place Oct. 16 to...
COMMISSIONER ANNOUNCES -26.78 PERCENT RATE DECREASE IN WORKERS’ COMP:
Aug 22 2005 // California Insurance Commissioner John Garamendi announced that workers’ compensation insurers in the state filed rate reductions averaging -14.6 percent for policies incepting on or after July 1, 2005 bringing the...
Auto Leasing Firms to Announce Return to N.Y. as Highway Bill Signed
Aug 9 2005 // DaimlerChrysler, Ford Motor Company and General Motors are slated to announce their return to leasing in New York State at a press conference to coincide with the signing of a federal highway bill by President Bush on...
Insurers Unveil ‘Market-Based’ Proposals to Boost Terrorism Coverage
Aug 8 2005 // Property casualty insurers have outlined what they term a “market-based” approach to providing terrorism risk insurance. The proposals include repeal of some state laws on fire policies and creation of a...
Insurers Unveil ‘Market-Based’ Proposals to Boost Terrorism Coverage
Aug 8 2005 // Property casualty insurers have outlined what they term a “market-based” approach to providing terrorism risk insurance. The proposals include repeal of some state laws on fire policies and creation of a...
Insurance Company of the West Unveils Stand-Alone Terrorism Coverage
Aug 5 2005 // Insurance Company of the West has announced it will offer admitted stand-alone property terrorism coverage for most states around the country. Additional states, including New York, New Jersey, Vermont, Connecticut,...
AmPro Launches New Professional Liability Program in Four S.E. States
Aug 5 2005 // Miami, Fla.-based American Professional Liability Underwriters Inc. (AmPro), wholesale brokers and managing general agents, dealing exclusively in professional liability, have been appointed as managers for a new program...
AMEX Enters N.J. Auto Insurance Market Via Internet Sales
Aug 1 2005 // AMEX Assurance Company,of the American Express Property Casualty companies, is now writing insurance policies in New Jersey. AMEX is entering the New Jersey market exclusively through the Internet. Its web site is...
Insurers Unveil ‘Market-Based’ Proposals to Boost Private Terrorism Insurance
Jul 27 2005 // Property casualty insurers have outlined what they term a “market-based” approach to providing terrorism risk insurance. The proposals include repeal of some state laws on fire policies and creation of a...
D&O Liability Plan Upgraded to Reflect Banks Entering New Fields
Jul 27 2005 // In response to the increasing complexity of community banking, the American Bankers Association-sponsored insurance program, underwritten by Progressive Casualty Insurance Co., has released a new directors and...
TDI Announces Small Business Health Insurance Fairs
Jul 25 2005 // In an effort to help small business owners get the latest information on health insurance options, the Texas Department of Insurance is sponsoring health insurance fairs in seven cities across the state. Health insurance...
Business Leaders Launch Campaign to Combat Data Fraud, Losses
Jul 22 2005 // After a string of high-profile data thefts and losses, business leaders this week announced an education campaign to better protect sensitive client information from hackers and other thieves. “The fraudsters are...
