Surplus Lines News

The Changing Surplus Lines Landscape in California and Beyond

The changing excess and surplus insurance landscape was an oft discussed topic on Monday, with experts describing the challenges and opportunities going forward. “The business that we have and the risk we see is going to be changing. No question.” …

Report Shows Month-to-Month Surplus Lines Volatility in California

So far it’s been an “unusual year” for surplus lines in California. Filed premiums were up 14.1 percent in October from the same month last year, but that increase followed a 38.3 percent year-over-year drop in September, new figures from …

California Blazes Destroy 2,000-plus Homes, Curb Insurer Appetites

A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct underwriting in rural areas in …

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 …