Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Mich. Auto Parts Maker Delphi Announces Settlement of Fraud Lawsuit
Sep 4 2007 // Struggling auto parts maker Delphi Corp. announced on Friday, Aug. 31 that there is a settlement of lawsuits by investors who have accused the company’s former managers of fraud. The plaintiffs, including about...
Lloyd’s to Unveil New Marine Policy Contract Wordings
Aug 22 2007 // Lloyd’s announced that “experts from across the Lloyd’s and London markets are set to unveil a suite of new contract wordings for the marine market in the coming weeks and months.” Spurred by the...
Workers’ Comp Writer MEMIC Enters N.Y.; Opens Albany Office
Aug 21 2007 // Workers’ compensation insurer MEMIC has begun operating in the New York market for the first time. The company opened an office in Albany for its MEMIC Indemnity Co. subsidiary in June, and has begun offering its...
National Atlantic to Enter Texas Standard Auto Market
Aug 9 2007 // New Jersey-based National Atlantic Holdings Corporation announced plans to enter the standard and preferred auto insurance market in Texas in late 2007. National Atlantic will offer its auto coverage in conjunction with an...
Hawaii Commissioner Announces New Commercial Lines Provider
Aug 7 2007 // Hawai’i State Insurance Commissioner J. P. Schmidt announced the launch of DTRIC Insurance Underwriters Ltd. (DIU), an “A-” Best Rated Co and subsidiary of local insurance provider DTRIC Insurance. The...
Fireman’s Fund Launches Property Protector Program for College Students
Jul 25 2007 // Fireman’s Fund Insurance Co. based in Novato, Calif., has teamed with College Student Insurance (CSI) to offer a property insurance plan especially for college students living away from home. Parents are sending more...
Texas Mutual, Frost Insurance Launch Auto Repair Purchasing Group
Jul 18 2007 // Texas Mutual Insurance Company and Frost Insurance Agency have partnered to launch the Texas Auto Repair purchasing group, Texas Mutual announced. The group offers members a money-saving workers’ compensation...
MyNewMarkets.com Announces 2008 Market Exchange
Jul 17 2007 // SAN DIEGO – Insurance Journal’s new online service, MyNewMarkets.com, is launching a new market focused conference oriented toward helping retail agents and brokers find the coverages they need. The first...
ACE Europe Launches Renewable Energy Coverage
Jul 6 2007 // The ACE European Group announced the launch of “ACE Renewable Energy,” a new program which it described as “an innovative insurance solution for UK renewable energy producers and providers in a single...
Aspen to Launch Prof. Liability Lines
Jul 5 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that it will enter the Professional Liability Insurance market in September 2007 through Aspen Insurance UK Limited. “Underwriting will take place solely from...
Burns and Wilcox Announces Pollution Liability Coverage in Florida
Jun 28 2007 // In Florida, the Tampa and Daytona Beach offices of Burns and Wilcox announced the availability of ACE Westchester Specialty Group’s pollution liability insurance product, as offered through Westchester Surplus Lines...
State Farm Announces Rate Decrease for W. Va. Homeowners
Jun 25 2007 // Just weeks after announcing an automobile insurance rate decrease, State Farm Insurance, the largest insurance provider in West Virginia, says it also will lower rates statewide for home insurance. The average West...
Washington L&I Announces Workers’ Comp Rate Holiday
Jun 22 2007 // Washington’s Department of Labor and Industries has announced that beginning July 1, and over the next six months, employers and workers in the state will save an estimated $315 million in workers’ compensation...
NMB Launches Capital Markets Unit
Jun 21 2007 // Newman Martin and Buchan Limited, an independent Lloyd’s insurance and reinsurance broker, has launched a capital markets division to complement its reinsurance advisory and placement services. Mark Burbidge and Paul...
Gallagher (UK), MAP Launch Israeli War & Terrorism Coverage
Jun 21 2007 // Arthur J. Gallagher (UK) Limited in conjunction with MAP, a specialist insurer at Lloyd’s, has launched an insurance facility for terrorism liability. The new product aims to provide coverage for tourist and study...
American Safety Enters Surplus Lines Property Market
Jun 21 2007 // New Jersey-based American Safety Insurance Services, Inc. said it has acquired a team of underwriters and entered the surplus lines property market, offering both monoline property and commercial multi-peril...
La.’s FARA Enters Limited Health Plan Market
Jun 19 2007 // Mandeville, La.-based FARA Benefit Services Inc., the group health benefits administration division of FARA, announced its entry into the fully insured mini-medical market. Medical Solutions! is a limited benefit health...
Lancashire Enters S.C. Property and Casualty Market
Jun 15 2007 // Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake...
NetRate Systems, Inc. Announces Availability of Massachusetts Commercial Auto Rating System
Jun 14 2007 // Okemos, MI – NetRate Systems, a leading provider of commercial lines rating software for the insurance industry, announces the immediate availability of Massachusetts Commercial Automobile Rating. The Mass Auto...
Fireman’s Fund Launches Product for Video Gaming Industry
Jun 14 2007 // Novato, Calif.-based Fireman’s Fund Insurance Co. has new coverage for the video game development industry. The coverage expands on its existing offerings for film production. According to the company, the average...
