Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
St. Paul Travelers Looks to Bring Top Line in Commercial Up as it Unveils Q3 Report
Oct 28 2004 // The St. Paul Travelers Cos. Inc. (NYSE:STA) has reported net income of $340 million for the third quarter ended Sept. 30, 2004, or $0.51 per basic share and $0.50 per diluted share, compared to $426 million, or $0.98 per...
Guy Carpenter Unveils Reveal for Workers’ Comp Risks
Oct 27 2004 // Guy Carpenter & Company Inc. has announced the introduction of the Reveal model, a refined exposure rating tool that helps to identify the drivers of costly excess losses within workers’ compensation...
State Auto Financial Unveils Q3 Report
Oct 26 2004 // Ohio-based State Auto Financial Corp. reported third quarter net income of $5.0 million, or $0.12 per diluted share, versus $15.6 million or $0.38 per diluted share for the same period in 2003. Net operating earnings(a)...
Pa. Gov. Unveils Letter to Congressional Delegation Regarding Flood Relief
Oct 21 2004 // Pennsylvania Gov. Edward Rendell this week released the following letter to the Pennsylvania Congressional delegation in reference to flood relief for the Commonwealth: Dear Senator Santorum: “As a follow up to our...
COMP WEST LAUNCHES WORKERS’ COMP OPS IN CALIF.:
Oct 11 2004 // CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market....
National Flood Insurance Program Launches Agent Co-Op Program
Oct 4 2004 // Agents who advertise flood insurance in the newspaper, magazine, Yellow pages or on the radio are eligible for reimbursement under a program relaunched by the National Flood Insurance Program. Agents are eligible for...
CompWest Launches Workers’ Comp Ops in California
Sep 27 2004 // CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market....
Sloan Mason Announces Workers’ Comp/USL&H Product
Sep 27 2004 // Sloan Mason Insurance Services announced a Workers’ Compensation/USL&H product for California companies with longshore exposures. Domestic US Insurance Carrier – AM Best ‘A’ ++ XV Rated. The...
The Hartford Unveils New D&O Coverage
Sep 14 2004 // The Hartford Financial Services Group Inc. has created Priority Protection, a new D&O product that protects the individual directors and officers. “Directors and officers (D&O) coverage was originally...
Advocate, MD Insurance of the Southwest Enters Texas Malpractice Insurance Market
Sep 8 2004 // Announcing its entrance into the Texas malpractice insurance market, Advocate, MD Insurance of the Southwest said its improved coverage options and excellent rates are proof that tort reform efforts ushered in last year...
Wash. Physicians Launch Campaign for Liability Reform
Sep 1 2004 // Frustrated by the lack of action on meaningful medical liability reform, physicians today launched an initiative campaign designed to break the gridlock in Olympia over sensible reform of medical liability laws. Doctors...
Aetna Launches Specialty Pharmacy
Aug 4 2004 // Aetna has revealed plans for a joint venture to provide specialty drugs to its members of its health plans with severe chronic illnesses while holding down costs. The launch of Aetna Specialty Pharmacy, jointly owned by...
St. Paul Travelers Unveils Results from Study on Equipment Rental Industry Mishaps
Jul 29 2004 // Accidents involving rented items such as lifts, forklifts, trailers, tents and chairs posed the greatest risks for consumers and were associated with the highest numbers of fatalities, injuries and damages in the equipment...
Bridium Unveils WCIRS for Workers’ Comp Claims
Jul 28 2004 // Atlanta-based Bridium, a technology provider and custom services company for the insurance industry, has introduced WCIRS (Workers’ Compensation Injury Reporting System). Bridium developed WCIRS with features that...
CalSurance Unveils National E&O Coverage for Broker-Dealers with 75 or Less Registered Reps
Jul 27 2004 // CalSurance, a national insurance sales, service and support organization comprising many diverse and specialized programs, has launched a specialized errors and omissions program for broker-dealers with 75 or fewer...
ACE USA Unveils Hurricane Spin-down Coverage for Chemical Plants, Refineries, Related Industries
Jul 27 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial costs of closing...
AIG Small Business Launches WorldRisk TravelPak
Jul 26 2004 // AIG Small Business, a unit of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), introduced WorldRisk TravelPak(SM), a comprehensive package of international coverages designed for...
Prime Enters Maine Surplus Lines Market
Jul 16 2004 // The Prime Insurance Syndicate Inc. said that it has received approval to write surplus lines insurance business in the state of Maine effective July 2, 2004. Prime, which offers solutions for hard-to-place risks, will...
Garamendi Announces Downward Trend in California Workers’ Comp Rates
Jul 13 2004 // Insurance Commissioner John Garamendi announced that received workers’ compensation rate filings illustrate a downward trend, but still fall short of his pure premium rate advisory of -20.9 percent issued on May 28,...
IMMS Launches Online Market Service
Jul 12 2004 // Insurance Marketing & Management Services (IMMS) has announced the launch of IMMSmarkets.com, an online service that allows retail insurance agencies to submit their markets needs, free of charge, to a network of...
