Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
North American Liability Announces Reverse Split
Jul 2 2004 // Ft. Lauderdale, Fla.-based North American Liability Group (NALG) reported that the company’s Board of Directors has approved a 1 for 30 reverse split. The reverse split will take effect on July 14, 2004, for...
NFIP Launches National Campaign for Agents, Consumers on Flooding Risks, Insurance Benefits
Jun 29 2004 // This week, the National Flood Insurance Program (NFIP) its new national marketing campaing, FloodSmart, which is designed to educate consumers about the risks of flooding and the benefits of flood insurance, as well as to...
XL Launches Commercial Property Insurance Initiative
Jun 28 2004 // XL Capital Ltd. announced that its insurance operations will provide commercial property insurance capacity of up to $500 million, allowing it to underwrite entire global property programs on a selective basis. XL’s...
Former Reuters Team Announces New Security Briefing for Global Transport Industry
Jun 22 2004 // A group of former Reuters executives, who formed Baronet Media Ltd., have announced a new information venture, Vigilo Risk, aimed at providing information on threats “to the smooth flow of freight and travelers...
Tort Reform Convinces MassMutual to Re-Enter Miss. Municipal Bond Market
Jun 17 2004 // The MassMutual Financial Group, a global diversified financial services organization, announced that Massachusetts Mutual Life Insurance Company and its affiliates would re-enter the market for Mississippi municipal bonds...
Guy Carpenter, EQECAT Announce Probabilistic German Flood Risk Model
Jun 14 2004 // Guy Carpenter and EQECAT announced their intention to jointly develop the “DACH Flood” software, which they described as “an accumulation tool that will allow users to assess their exposure to flood in...
ISO Unveils New Service to Streamline Process for Arkansas Workers’ Comp Insurers
Jun 10 2004 // Insurance Services Office Inc. (ISO) has unveiled a new service that eliminates the need for workers’ compensation insurers to manually prepare and submit Proof of Coverage (POC) reports to the Arkansas...
New Program for Specialty Trade Contractors Launched
Jun 2 2004 // A new group of territorial program administrators has introduced a program for specialty trade contractors involved in commercial and residential construction. The group, Construction Insurance Solutions (CIS), is...
Utah’s Workers Compensation Fund Announces $20 Million Dividend
Jun 2 2004 // Salt Lake City-based Workers Compensation Fund announced that it will pay dividends totaling $20 million to policyholders this year. All eligible policyholders, regardless of company or policy size, will receive a portion...
New Surveillance Technology Unveiled to Fight No-Fault Auto Fraud in New York City
Jun 1 2004 // The latest tools in surveillance technology – “Joey and “Whisper” – are joining the fight against no-fault insurance fraud in New York City, according to the National Insurance Crime Bureau...
Arch Insurance Announces $25 Million in New Capacity for Railroad Industry
May 26 2004 // Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced its entrance into the railroad arena with up to $25 million in new capacity, which it said will provide “an additional market for a...
ABD Announces Enhancements to CyberSure(R) Client Service Portal
May 25 2004 // Redwood City, Calif.-based ABD Insurance & Financial Services, a provider of global risk management and employee benefits solutions, has announced significant enhancements to its online customer service center,...
Electric Insurance Company announces the launch of real-time auto quoting through IVANS Transformation StationTM
May 12 2004 // Electric Insurance appointed agents in Indiana, Illinois and Wisconsin who use Applied TAM now have the ability to conduct real-time auto quoting without leaving their agency management system. Real-time quoting eliminates...
Ohio DOI Announces Small Business Hotline
May 10 2004 // The Ohio Department of Insurance announced that it has established a toll-free hotline to assist the state’s small business owners with questions about health, business automobile, property and professional liability...
NCCI Unveils 2003 Workers’ Comp Numbers
May 7 2004 // NCCI Holdings Inc. has released its annual “State of the Line” preliminary workers’ compensation market analysis. More information is available at www.ncci.com This year’s report indicates that the...
CDI Announces Online Workers’ Compensation Rate Comparison Tool
Apr 27 2004 // Insurance Commissioner John Garamendi announced Tuesday the launch of an online comparison tool listing rates of the top 50 workers’ compensation insurers in the California market. The feature, at...
CIS, Inc. announces entry into S.C. non-standard auto market
Apr 26 2004 // Jess Chappell, President and CEO of Savannah, GA based CIS, Inc., announced that CIS will enter into the South Carolina non-standard auto market by taking over the administration of an already existing program. “We...
XL Launches U.S. Primary Casualty Risk Management Program, Excess Workers Comp Division
Apr 20 2004 // Bermuda’s XL Capital Ltd. announced that it plans to enter the market for primary casualty risk management programs for major U.S. corporations. The company also announced the launch of an Excess Workers Compensation...
St. Paul Travelers Unveils Enhanced Commercial Property, General Liability Product for Companies Doing Foreign Business
Apr 13 2004 // St. Paul Travelers has introduced an enhanced version of Global Companion, an international commercial property and general liability product designed to help protect U.S.-based companies from the risks associated with...
Insurex, Frontier General Launch New Calif. Workers’ Comp Product with ACE Casualty Risk
Apr 1 2004 // San Diego-based insurance brokerage Insurex Inc. and Oakland, Calif.-based Frontier General announced the release of a new workers’ compensation product in California with ACE Casualty Risk, a division of ACE USA....
