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 …
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 …
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 …
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 …
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 …
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 …
Coming off a rough few years of recession, then a disaster prone 2011 – and then more global uncertainty in 2012 – the world and the insurance industry have a few things to look forward to in the next year. …
Nevada is leaving the surplus lines tax clearinghouse to which it belongs, Nevada’s insurance commissioner confirmed Tuesday. Nevada’s departure is the latest in a string of states to exit the Non-Admitted Insurance Multi-State Agreement, Hawaii being another recent state to …
XL Group plc’s insurance operations added Mary-Ellen (Mimi) Fiske as vice president, umbrella and excess manager to its surplus lines unit in Chicago. Fiske reports to David Halm, chief underwriting officer and head of XL Group’s surplus lines casualty business. …
Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London market for the future, came as no surprise to Hank Watkins, CEO of Lloyd’s North America. “We are planning for …
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