Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Advocacy Group Launched to Assist Existing Louisiana Businesses
Nov 7 2008 // The Louisiana Department of Economic Development (LED) is moving forward with the creation of a Business Retention and Expansion (BRE) Group that will focus solely on addressing the challenges and opportunities of...
California Commissioner Announces 5% Workers’ Comp Rate Increase
Nov 2 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...
Steamship Mutual Launches Luxury Yacht Liability Insurance Product
Oct 28 2008 // London-based Steamship Mutual, a leading P&I Club providing marine liability insurance worldwide, announced that it is launching a new Yacht Liability insurance product for luxury super and mega yacht owners,...
West Virginia-based BrickStreet Launches Out-of-State Coverage
Oct 28 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...
Survey: P/C Premiums Decline Again as Industry Enters ‘Uncertain Times’
Oct 27 2008 // Commercial property/casualty premiums continued a downward slide during the third quarter of 2008, but there were suggestions the market decline may have leveled off, at least between July and September, for small and...
Venture Launches Coastal Property Coverage Under New Facility
Oct 24 2008 // West Chester, Pa.-based Venture Insurance Programs, a national program administrator, will offer coastal property coverage under a new CATalyst Property Insurance brokerage facility. CATalyst will support each of...
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...
