Latest New Markets Headlines

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

Velocity Risk Unveils New Coastal Homeowners Product for Florida, Texas

Apr 29 2020 // Velocity Risk Underwriters LLC has expanded its insurance products for homeowners in coastal areas of Florida and Texas.The company launched Velocity Flex Home as an additional homeowners product in Texas and Florida to...

State Auto, Rural Mutual Unveil Auto Insurance Policyholder Relief Plans

Apr 23 2020 // Columbus, Ohio-based State Auto Insurance Companies (State Auto) and Rural Mutual Insurance Co., headquartered in Madison, Wis., have announced plans to offer auto insurance policyholders with premium relief as a result of...

Preferred Mutual Launches Relief Program for Auto Customers During Pandemic

Apr 23 2020 // Preferred Mutual Insurance Company has announced its Stay Home, Stay Assured Auto Program, which will provide more than 65,000 customers with a 15% credit on their April and May personal auto insurance premiums.The credit...

New York’s NYCM Insurance Announces Credit to Auto Policyholders

Apr 17 2020 // NYCM Insurance will be issuing a credit to its approximately 230,000 auto policyholders. All auto policyholders as of April 30, 2020, will receive a 15% credit back from their April and May premiums. Customers will not...

BHSI Launches Management Liability & Association Liability Cover in New Zealand

Apr 13 2020 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has expanded its executive & professional lines offerings in New Zealand with the introduction of Management Liability and Association Liability Insurance...

BHSI Launches Professional Technology Liability Cover in Australia, New Zealand

Apr 6 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has launched Professional First Technology Liability Insurance policies in Australia and New Zealand. Both policies offer broad, customizable professional...

Skarzynski Marick Announces New Attorneys and Expansion of Cyber Practice

Apr 2 2020 // New York, NY, April 2, 2020 – Skarzynski Marick & Black LLP continues to grow and is excited to announce the addition of partners Samantha Riley, Jessica Cavallo and Suzanne Whitehead; the promotion of Rebecca...

The Upton Group Launches Delivery Service Program for Restaurants, Small Businesses

Mar 25 2020 // The Upton Group, LLC, a national insurance agency specializing in food delivery and restaurant insurance, has created a new website for restaurants and small businesses impacted by government orders to shut down to obtain...

AXA XL Launches Insurance Policy for Autonomous Vehicles

Mar 20 2020 // AXA XL announced the launch of an insurance solution designed to cover the risks associated with autonomous vehicles. The offering will help companies developing or using the technology to better manage and transfer those...

Massachusetts’ Governor Baker Announces $10M Small Business Recovery Fund

Mar 18 2020 // Massachusetts Governor Charlie Baker has announced a $10 million small business recovery loan fund to help companies struggling because of efforts to slow the coronavirus pandemic. Baker said Monday the fund will provide...

Willis Towers Watson Launches Business Aviation Community Group

Mar 17 2020 // Willis Towers Watson announced the launch of “A Class,” a community group focused on delivering data, knowledge and solutions to its business aviation clients.A Class focuses on data analytics and risk...

Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools

Mar 12 2020 // Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools to support Swiss Re’s new Digital Market Center.The Digital Market Center is designed to help develop next-generation,...

Sompo GRS Launches Replacement Value Protection Coverage for Real Estate Firms

Mar 6 2020 // Sompo Global Risk Solutions (GRS), a subsidiary of Sompo International Holdings Ltd., has entered into a partnership with independent risk management and insurance consulting firm Fisher Harris Shapiro, Inc. (FHS) to offer...

12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

Feb 18 2020 // China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance...

Vermont Governor Announces Decreases in Workers’ Comp Rates

Feb 14 2020 // Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take effect in April.Scott’s administration said the reductions are part of a trend in...

Wisconsin’s Understory Launches Hail Insurance for Auto Dealers in 5 New States

Feb 13 2020 // Madison, Wis.-based Understory, which offers parametric insurance for severe weather risks, has launched its supplemental hail insurance product for automotive dealers in five new states: Arizona; New Mexico; Ohio;...

Ohio’s McGowan, Allied Specialty Partner on Amusement/Entertainment Insurance

Feb 13 2020 // Fairview Park, Ohio-based The McGowan Companies has entered into a joint venture with Allied Specialty Insurance Inc., a subsidiary of AXA’s property/casualty and specialty risk division, AXA XL, forming McGowan...

Sompo Global Risk Solutions Launches Product for Life Sciences Industry

Feb 11 2020 // Sompo Global Risk Solutions has introduced Sompo Life Science Plus, a products-completed operations and errors and omission liability protection product built for the life sciences industry.The new product offers coverage...

Michigan Launching Program to Educate Drivers About Auto Insurance Changes

Feb 7 2020 // Michigan’s top insurance regulator said the state is committed to helping drivers navigate a new law that will let motorists save money by foregoing unlimited medical coverage for crash injuries.The state Department...

Chubb Launches Non Damage Terrorism Product for Businesses

Feb 4 2020 // Chubb has launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies.Chubb’s Non Damage Terrorism Solutions is a single policy offering non damage business...