Surplus Lines News

Ballinger to Retire from Surplus Lines Stamping Office of Texas

The board of directors of the Surplus Lines Stamping Office of Texas (SLSOT) announced the retirement of Philip R. Ballinger as executive director after 22 years of distinguished service. He will remain in the post until Jan. 2, 2015. Ballinger joined the Surplus …

Texas Insurance Regulators Invite Input on Surplus Lines Rules

Texas regulators are seeking comments on new rules related to surplus lines insurance. The Texas Department of Insurance is considering rules to implement Senate Bill (SB) 697 and 951, and House Bill (HB) 1405 (83rd Texas Legislature, Regular Session); SB …

Lobbyist Gives Update on Insurance-Related Bills

There are a number of bills currently under consideration by state Legislature that may be of interest to agents, brokers and insurance professionals in general. Lobbyist John Norwood, owner of Norwood Associates in Sacramento, recently issued an update on pending …

Cochrane Acquires Prowest In California

Spokane, Wash.-based Cochrane & Company, a western-regional surplus lines brokerage and managing general agent, has acquired Prowest Insurance Services Inc. The name and operations of Prowest, a Folsom, Calif.-based surplus lines broker and MGA, will remain unchanged. Prowest will operate …

Bill to Fix California Surplus Lines, LLC Contractors Law Thriving

As a horde of bills that’s introduced each year wends their way through both houses of California’s Legislature, a few people in the insurance industry are watching closely an innocuous looking bill with simple language to change a few words …

Surplus Lines Premium on the Rise in Texas

The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. The state of …

Q&A With ELANY Executive Maher on Surplus-Lines Industry’s Resiliency

The Excess Line Association of New York (ELANY) plays a vital role for New York’s surplus-lines industry. The group, a non-profit advisory association created by the New York statute in 1988, is charged with the duty to facilitate and encourage …

Q&A: Surplus Lines Association of California Director McKay

Andrew G. Simpson, vice president of content for Wells Media Group Inc., recently grilled Surplus Lines Association of California Executive Director Benjamin McKay on an array of matters, including the market, new regulations and SLA’s role in the world. As …

Orleans Parish Schools Get More Insurance Money for Katrina Damage

Lawyers for the Orleans Parish School Board in Louisiana have garnered another $17 million in insurance proceeds to help cover damage done by Hurricane Katrina and its aftermath. District officials said the money is slated to go toward $2 billion …

Service to Retail Agencies Is Aim of Texas Wholesale Insurance Group

A group of Texas-based managing general agents/brokers has formed the Texas Wholesale Insurance Coalition (TWIC) with the goal of enhancing their markets, attracting Texas retail agency partners, and gaining economic efficiencies necessary to compete with the large national conglomerates. Six …