Latest New Markets Headlines

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

Berkley Launches Specialty Division for Environmental Contractors

Sep 12 2006 // W. R. Berkley Corporation announced that Berkley Specialty Underwriting Managers LLC has formed a new division that will offer specialty insurance products for environmental contractors, consultants and site specific...

Progressive to Enter Mass. Auto Market– Commercial Lines

Sep 11 2006 // Massachusetts is about to get a new auto carrier—for commercial, not personal, lines. Progressive Insurance is awaiting approval of rate and form filings from the Massachusetts Division of Insurance in preparation for...

Beazley Launches Lloyd’s Facility for U.S. Commercial Property Cat Risks

Sep 6 2006 // The London-based Beazley Group plc, a leading Lloyd’s insurer, has created a facility in the Lloyd’s market for catastrophe – exposed U.S. commercial property risks. Beazley said its “Quincat...

AIG Launches New Service to Facilitate Purchase of Global D&O Coverage

Sep 5 2006 // The AIG Companies have introduced AIG Passport, an enhanced service process for corporate clients purchasing locally admitted directors and officers liability insurance to cover their international operations and...

Wellington Launches U.S. Marine Reinsurance Business

Aug 30 2006 // Wellington Underwriting Inc. (WU Inc.), the wholly owned US underwriting agency of U.K.-based Lloyd’s and general insurer Wellington Underwriting plc (Wellington), has launched a new marine reinsurance business for...

FARA Launches Property Services Division for Non-Catastrophe Claims

Aug 27 2006 // Mandeville, La.-based FARA announced the creation of its latest division, FARA Property Services. The company’s newest operation will manage non-catastrophe claims in connection with FARA Catastrophe Services Inc....

London American Risk Specialists Announces CareSurance™ Liability Program

Aug 24 2006 // Houston, Texas – London American Risk Specialists, Inc is pleased to offer CareSurance™ , a new liability insurance program designed to meet the needs of Skilled, Assisted and Independent Long Term Care (LTC)...

Safeco Launches Instant Auto Endorsement Processing

Aug 18 2006 // Seattle-based Safeco has introduced online technology that allows independent agents to make instant changes to clients’ commercial auto policies. The real-time capability cuts a one-week process into a two-minute...

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 2006.Catlin’s...

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...