Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
NIP Specialty Launches New Facility for Businesses in Bankruptcy
Mar 19 2009 // NIP Specialty Brokerage, a division of New Jersey-based NIP Group, Inc., launched a new facility to help agents/brokers replace business insurance policies cancelled or non-renewed because their clients have filed for...
Entertainment Industry Insurer, CMM Entertainment, Expands in California
Mar 13 2009 // Robert M. Bryar, president of C.M.Meiers Co. Inc. and CMM Entertainment has begun expansion plans to the entertainment division’s Woodland Hills, Calif., headquarters. The company is adding 25 percent more floor...
Budget Installment Corp. (BIC) Launches New Website and Extends Business Hours
Mar 12 2009 // Garden City, NY, 03/12/09 – BIC is a nationally authorized premium finance company and is a wholly owned subsidiary of Webster Bank, N.A. BIC has been providing commercial premium finance solutions to the insurance...
Western Pinnacle Insurance Services, Inc Announces Addition of New AM Best A Rated Workers Compensation Carrier
Mar 9 2009 // “Western Pinnacle Insurance Services, Inc (“WPIS”), a diversified MGA/Wholesaler announced today the addition of a new AM Best A rated carrier for its workers compensation capabilities. Virgil Anderson,...
Study Unveils Target Areas for Flood Insurance Policy Sales
Mar 9 2009 // But Selling More Policies in These Communities at Subsidized Premiums Could Sink Federal Program There are a number of communities across the country where more flood insurance policies should be sold given their...
RLI Launches Network Security, Privacy Breach Coverage
Mar 4 2009 // Peoria, Ill.-based RLI Corp. began offering its new network security and privacy coverage – CyberSecure – which insures losses from system vulnerability, security issues and a wide range of exposures to...
Willis Unit Launches Piracy Prevention, Management Coverage Plan
Mar 4 2009 // Willis announced that its London-based Special Contingency Risks Limited (SCR) unit, a division of Faber & Dumas, the third-party wholesale insurance broker, and Underwater Security Consultants Limited trading as...
Ace Europe Launches New Program for Sprinkler Protected Property
Mar 3 2009 // ACE Europe has launched ACE Protect, a new property coverage aimed at companies which have installed sprinkler fire extinguishing systems in their premises. ACE said the new coverage “offers training and risk...
AAA Texas Unveils Guaranteed Rebuilding Cost Coverage Endorsement
Feb 17 2009 // AAA Texas announced that a new Guaranteed Rebuilding Cost (GRC) optional endorsement is now available for qualifying homeowners from its affiliated carrier, the Auto Club Indemnity Company. The GRC optional endorsement...
Study Unveils Target Areas for Flood Policy Sales
Feb 8 2009 // But Selling More at Subsidized Premiums Could Sink Flood Program There are a number of communities across the country where more flood insurance policies should be sold given their populations and flood risk. They include...
Texas Announces December Insurance Industry Enforcement Actions
Feb 3 2009 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during December. The actions include five license revocations, three license denials and fines and...
Coal Industry Group Launches Mine Safety Effort
Jan 14 2009 // The National Mining Association is launching a new campaign it hopes will help keep underground coal miners safe. The “Stay Away, Stay Alive” initiative is aimed at reducing accidents and deaths related to...
FEMA Announcs $10 Million in Flood Recovery in Eastern Iowa
Dec 29 2008 // FEMA has announced it will give more than $10 million for flood-recovery projects in eastern Iowa. Projects in Lake Delhi, Iowa City, Anamosa, Bluffton and Cedar Falls will split the FEMA dollars. Among those receiving...
Validus Enters Technical Lines Property Coverage with New Underwriter
Dec 23 2008 // Bermuda-based Validus Holdings, Ltd. announced today that it is expanding its business into Technical Lines Property insurance through the creation of Validus Underwriting Risk Services Inc. (VURS), a managing general...
Obama Inauguration May Raise Insurance, Legal Issues for Enterprising Homeowners
Dec 2 2008 // The days leading up to the inauguration of Barack Obama could be an economic windfall for residential property owners in and around D.C. Washington Post staff writer David Nakamura reports that droves of people are looking...
Aon Launches New Global Specialty Business Unit
Dec 2 2008 // Following the closing of its acquisition of the UK-based Benfield Group, Aon has announced that it has created a new global specialty business unit – Aon Specialty. The bulletin described the new operation as...
D&O Insurance Marketplace Entering a Transitional Phase
Nov 30 2008 // As Credit Crisis Ripples Through Economy, Competitive Conditions Could Be Shifting The growing wave of subprime-related litigation is among the many side effects of the subprime mortgage meltdown. The litigation wave has...
California Announces 2009 Workers’ Comp Insurance Assessment Rates
Nov 21 2008 // The California Department of Industrial Relations (DIR) has issued 2009 assessment rates for User Funding, the Uninsured Employer Benefit Trust Fund, the Subsequent Injury Benefit Trust Fund, the Occupational Safety &...
RLI Launches Design Professionals Liability Unit
Nov 14 2008 // Peoria, Ill.-based RLI Corp. launched an architects and engineers (A&E) professional liability division – named RLI Design Professionals. RLI Design Professionals will be led by Louis Leonard “Lenny”...
Travelers Launches New Professional Liability Coverage Program
Nov 12 2008 // Travelers said it has introduced a new, modular professional liability product, 1st Choice+, geared toward accounting, design, legal and real estate professionals. The product offers errors and omissions coverage in one...
