Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Houston General Enters South Carolina Personal Lines Market
Aug 11 2006 // South Carolina drivers and homeowners have new options for insuring their vehicles, homes and belongings. Houston General Insurance Exchange announced that it is offering auto, homeowners and package insurance to consumers...
2007 Workers’ Compensation Rates Announced in Ark.
Aug 9 2006 // The Arkansas Workers’ Compensation Commission on Aug. 7, 2006, released an update of Advisory 2000-1 to report the amounts to be paid injured employees under the state workers’ compensation laws. The update...
American Enterprise Mutual Acquires Ceres Group’s Medical Business
Aug 8 2006 // Omaha, Neb.-based World Insurance Company (World), a subsidiary of American Enterprise Mutual Holding Company, recently announced an agreement between General American Financial Resources, Inc. (GAFRI) and...
Markel Launches Contagion Outbreak Expense Coverage
Aug 8 2006 // Markel Corporation introduced a new insurance product, Outbreak Extra Expense Coverage, specifically designed to protect companies from a closure of their business premises due to a variety of contagions including Avian...
Texas Agent Group Launches Homeowners Market Web Page
Aug 1 2006 // TIP/PIA Texas announced it has set up a special Web page providing information on homeowner markets, in an effort to help with possible solutions in light of the recent problems with Texas Select. This is not an...
Main Street America Launches Three New Homeowners Programs
Jul 10 2006 // Three new homeowners package endorsements, collectively called the Homeowners Elite Program, have been implemented by The Main Street America Group in Jacksonville, Fla. The program consists of platinum, gold and silver...
Wachovia Insurance Services Enters Miami Market
Jul 10 2006 // Wachovia Insurance Services announced in Charlotte, N.C. that it has acquired Miami, Fla.-based U.S. Insurance Underwriters in a deal that provides Wachovia its first entry into the Miami market through a well-established...
GMAC/ABA Seguros enters Mexico Tourist Auto Insurance Market
Jul 5 2006 // Flagstaff, Arizona – As the premium volume for Mexico tourist insurance continues to boom, fueled by an increase in the Hispanic market and escalating tourism to Mexico, another well-respected insurer has entered the...
North Pointe Reducing Commercial Policies; Announces Fla. Guaranty Assoc. Assessments
Jun 28 2006 // North Pointe Holdings Corp. has confirmed it will be reducing its Florida commercial policy count by approximately 40 percent and its commercial insurable value by almost 70 percent, according to James Petcoff, chairman...
Texas Workers’ Comp Q3 Discount Rate and Interest Rate Announced
Jun 27 2006 // The Texas Department of Insurance, Division of Workers’ Compensation has determined that any interest or discount provided for in the Act shall be at the rate of 8.68 percent. This rate is computed by using the...
Catlin Launches Recall, K&R Coverage
Jun 26 2006 // International P/C insurer and reinsurer Catlin Group Limited, has formed a crisis management underwriting team that will write product recall and kidnap and ransom (K&R) coverages, effective 1 July...
AAA Mich. and Credit Union Announce Joint Marketing Agreement
Jun 26 2006 // AAA Michigan and CUcorp, a wholly-owned subsidiary of the Michigan Credit Union League (MCUL), have entered into a long-term, joint marketing agreement that will provide members of both organizations with products and...
Euler Hermes to Enter Australia, NZ Credit Market
Jun 22 2006 // Euler Hermes, the Paris-based international credit insurer, has signed a letter of intent with Lumley General Insurance to acquire its credit insurance activities in Australia and New Zealand. Euler Hermes’ bulletin...
ACE USA Launches Commercial Policy for Life Sciences Industry
Jun 16 2006 // ACE USA has launched a commercial package policy to help protect life sciences companies from property and casualty exposures faced by this specialized industry. The ACE USA Commercial Package Policy is offered to...
Texas Comptroller Unveils New Tax Calculator for Businesses
Jun 14 2006 // Texas Comptroller Carole Keeton Strayhorn announced a tax calculator available on the comptroller’s Web site that will allow Texas businesses to estimate how much franchise tax they will pay as a result of recent tax...
Fireman’s Fund Announces Surface Water and Flood Coverage
Jun 8 2006 // With the risk of damage from surface water and flood becoming more prevalent in even low to moderate flood zones, Fireman’s Fund Insurance Co., Novato, Calif., has launched a surface water and flood endorsement to...
London American Risk Launches Professional Liability Unit
Jun 7 2006 // London American Risk Specialists, Inc., headquartered in Houston, Texas, announced the formation of London American Professional Liability LLC, based in Fort Lee, N.J. LAPL is a program administrator and MGA specializing...
London American Risk Specialists, Inc Announces the Formation of London American Professional Liability, LLC
Jun 7 2006 // Houston, TX – London American Risk Specialists, Inc., headquartered in Houston, TX. is pleased to announce the formation of London American Professional Liability, LLC based out of Fort Lee, New Jersey. LAPL is a...
RI3K, Xchanging Launch London Market Electronic Insurance Exchange
May 30 2006 // The U.K.’s insurance community is poised to fully enter the electronic age with the announcement from RI3K and Xchanging of the “London Market Electronic Insurance Exchange” (FELIX). The new system is...
Senate Unveils Flood Program Bill
May 26 2006 // With its chairman proclaiming the program is at a “crossroads,” the U.S. Senate Banking Committee this week advanced bipartisan legislation to bolster the nation’s debt-ridden flood insurance...
