Latest New Markets Headlines

All the headlines from our New Markets Topic Page, ordered by recency.

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 offer...

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...

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 comprised...

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...