Surplus Lines News

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 …

Conference: Risk, Returns, Regulation, and More Regulation

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 to Exit NIMA

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 …

Fiske Joins XL Group’s Surplus Lines Team in Chicago

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 U.S. CEO Comments on the Importance of ‘Vision 25’

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 …

Bareno Joins Maverick in Southern California

Pauline Bareno joined of Calabasas, Calif.-based surplus lines broker Maverick Commercial Insurance Services as senior vice president. Bareno has more than 30 years of property/casualty insurance experience, including an underwriting and marketing background. Her experience includes insurance companies, retail and …

Nebraska to Opt Out of Nonadmitted Insurance Multistate Agreement

Nebraska insurance regulators have notified the governing committee of the Nonadmitted Insurance Multistate Agreement (NIMA) that the state intends to withdraw from the agreement effective March 5, 2012. Bruce Ramge, director of the Nebraska Department of Insurance, on Jan. 4 …