Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
CIS Inc. Enters S.C. Non-Standard Auto Market
Aug 29 2003 // Jess Chappell, president and CEO of Savannah, Ga.-based CIS Inc., announced that CIS plans to enter into the South Carolina non-standard auto market by taking over the administration of an already existing...
CIS, Inc. announces entry into S.C. non-standard auto market
Aug 28 2003 // CIS, Inc. announces entry into S.C. non-standard auto market 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...
Shepard Announces Offer, State Auto Advises Patience
Aug 25 2003 // Investor Gregory Shepard, who owns approximately 5 percent of Columbus, Ohio-based State Auto Financial Corp., announced a cash tender offer for 8 million of STFC’s almost 13 million public shares for $32 per share,...
Calif. Commissioner Announces New Emergency Regs for Homeowners
Aug 22 2003 // Watch Video Length: 10 min 36 sec Lo | Hi California Insurance Commissioner John Garamendi reiterated that homeowners are in crisis during a press conference in San Diego Aug. 21, announcing new additions to his...
Pa. Announces Significant Expansion Of Crop Insurance Coverage
Aug 18 2003 // Pennsylvania’s Agriculture Secretary Dennis C. Wolff announced that the state’s “AGR-Lite” crop insurance protection program’s maximum policy size has been raised to $250,000, from the...
N.Y. Officials Announce Indictments of Auto Body Shop Insurance Fraud Ring
Aug 14 2003 // Queens District Attorney Richard A. Brown, joined by Police Commissioner Raymond W. Kelly and New York State Insurance Department Superintendent Gregory V. Serio, announced that the owner, manager and employees of a Far...
Klein & Costa Unveils New Market for 30 States, Forms New Division
Aug 12 2003 // California-based Klein & Costa Insurance Services has a marine insurance facility new market (non-admitted/admitted, ‘A’ rated) available for 30 states in the West, Great Lakes and Northeast regions. The...
Abram Interstate Unveils New Homeowner Program
Aug 6 2003 // California-based Abram Interstate has a new homeowners progam available. The program includes: Nuts & Bolts: Abram Interstate, Inc., announced a new Homeowner program. Dollars: Values start at $300,000 and up to $5...
N.Y. Officials Announce Arrest in 9/11 Auto Fraud Case
Jul 22 2003 // New York City Police Commissioner Raymond Kelly and New York State Insurance Superintendent Gregory Serio announced the arrest of Peter Perouza, 32, who is charged with insurance fraud and grand larceny stemming from a...
CDS Business Mapping Unveils Birdseye Geocoding
Jul 22 2003 // CDS Business Mapping, a provider in online hazard mapping, announced the release of its revolutionary, patent pending, Birdseye Geocoding™ technology. Birdseye Geocoding combines digital street files and aerial images to...
Zurich North America Unveils FinanceSuite Product Line for Small Business Customers
Jul 18 2003 // Zurich North America announced the launch of the FinanceSuite(tm) product on the Business Finance Center website. The Business Finance Center is an online commercial lending marketplace where the Zurich network of...
E.L.M. Unveils New Market for Misc. Professional Liability
Jul 17 2003 // California-based E.L.M. Insurance Brokers Inc., a specialist in professional liability, has a new market for miscellaneous professional liability, including some hard-to-place classes. Underwritten by Alea London Ltd.,...
Cascade/Amstar Unveils Long Haul Trucking Market
Jul 2 2003 // California-based Cascade/Amstar has unveiled a new “A” rated market (admitted) for long haul trucking, including cargo and general liability. Policy limits are: $1 Mil Auto Liability & Gen’l...
Wausau Unveils New Marketing Campaign
Jun 25 2003 // Wausau Insurance announced the beginning of a marketing campaign designed to “effectively illustrate the positive impact the insurer can have on policyholders’ total cost of risk and ultimately their bottom...
Swiss Re Economists Say U.S. Economy Entering Slow Patch, Industry Looking At Prolonged Hard Market
Jun 25 2003 // Swiss Re’s Chief Economist said on Wednesday that the U.S. economy is growing slowly – weakness consistent with a Fed cut later today – but will grow more rapidly in the second half of the...
Pa. Governor Unveils Med-Mal Liability Reform Plan
Jun 10 2003 // Pennsylvania Governor Edward G. Rendell has released details for a proposed series of immediate and long-term measures to reform Pennsylvania’s medical malpractice liability system. The press bulletin called the...
Heartland Unveils Homeowners Product for Texas, Nearby States
Jun 3 2003 // Heartland Marketing Group Inc., a provider of standard markets to independent agents, announced that a new Surplus Lines Homeowner Product will soon be available in Texas, Oklahoma, Arkansas, Kansas and Missouri. Heartland...
National Union Fire Co. Unveils Maximum A-Side Excess Coverage for D&O
May 13 2003 // National Union Fire Insurance Company of Pittsburgh, Pa.® (National Union), a member company of American International Group, Inc. (AIG), has introduced Maximum A-Side Excess Insurance(SM) (MAX), a “Side A”...
ACE Casualty Risk Launches ACE Complete for Web-Based Workers’ Comp
May 6 2003 // ACE Casualty Risk, a division of ACE USA, has launched ACE Complete(SM), a web-based underwriting facility which enables contracted brokers to conduct underwriting transactions – from entry to issuance – in a...
Willis Reports on Global Reinsurance Market; Announces Secondary Share Sales
May 1 2003 // Global insurance broker Willis Group Holdings has released its analysis of the current state of the reinsurance marketplace. It also issued a revised announcement concerning secondary share sales by investors. The 31 page...
