excess & surplus lines News

Surplus Lines Rate Hikes to Slow As Competition Grows

Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Moody’s Investors Service said that the U.S. excess and surplus lines sector is experiencing growth and strong profitability, thanks to …

General Star Upgrades Chemical Product Manufacturers, Distributors Coverage

General Star Management Co. has unveiled underwriting enhancements for chemical product manufacturers and distributors. For the first time, General Star will offer occurrence form coverage for manufacturers and distributors of certain less hazardous chemicals, including those categorized as “environmentally green.” …

Getting a Grip on Ridesharing Coverage

Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and start-up ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced …

Guy Carpenter Launches Specialty Practice for Excess and Surplus Lines Carriers

Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. Guy Carpenter said the new unit will focus on the …

Michigan’s JM Wilson Named 2011 MGA of the Year by PIA National

The National Association of Professional Insurance Agents has named Michigan-based JM Wilson Corp. as recipient of its 2011 Managing General Agency of the Year Award. The award recognizes outstanding achievement in furthering the interests of agents, a commitment to the …