Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Colo. imposes new procedures for surplus lines
Dec 10 2006 // Colorado has implemented new procedure changes for surplus lines brokers. Beginning Jan. 1, 2007, surplus lines brokers in Colorado will need to report their monthly policy and endorsement transactions directly to the...
People
Dec 10 2006 // The Des Plaines, Ill.-based Property Casualty Insurers Association of America named Deirdre Manna, former acting director of the Illinois Division of Insurance, vice president of industry and regulatory affairs. Manna will...
Best Affirms Beazley’s Lloyd’s Syndicate 2623 & 623 Ratings
Dec 8 2006 // A.M. Best Co. has affirmed its Syndicate Ratings of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623 and Lloyd’s Syndicate 623, managed by the...
La. Legislative Panel Adds $1.6B to Budget but Stalls on $827M
Dec 7 2006 // Louisiana’s budget has been boosted by $1.6 billion, money lawmakers can spend in a special session scheduled to start Dec. 8. But the Senate president blocked attempts to enrich financial forecasts by another $827...
Atlantic Specialty Lines of Florida Announces Asset Acquisition of Gary Markel Surplus Lines Brokerage
Dec 6 2006 // (Clearwater, FL and Richmond, VA) …Robert M. Bryant, President, and Martin H. Kanipe, Executive Vice President of Atlantic Specialty Lines of Florida, Inc. (ASL – FL) and Paula Ross, Executive Vice President, Gary...
Health Premium Hikes Tied to Costly Specialty Drugs
Dec 6 2006 // Expected health insurance premium increases of between 8 and 13 percent in Massachusetts are being driven more than ever by the costs of expensive specialty drugs, according to officials from some of the state’s...
Atlantic Specialty Lines of Fla. Acquires Gary Markel
Dec 5 2006 // Atlantic Specialty Lines of Florida, Inc. has acquired the assets of Gary Markel Surplus Lines Brokerage, Inc. ASL-FL is a member of the Atlantic Specialty Lines, Inc. group of companies with offices in Virginia, Illinois,...
Pa. High Court Revives Suits on Non-Profit Insurers’ Surplus
Dec 4 2006 // Pennsylvania’s highest court has breathed new life into lawsuits that ask the state’s four nonprofit Blue Cross and Blue Shield insurers to use some of their cash surpluses to lower health-insurance...
ICAT Establishes Syndicate at Lloyd’s of London
Dec 1 2006 // ICAT Holdings LLC announced the creation of a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support the company’s underwriting of catastrophe-exposed properties...
Indemnity Excess & Surplus Offers ID Protection
Nov 30 2006 // Indemnity Excess & Surplus Agency based in Beaverton, Oregon is helping its retail agents protect their clients with coverage designed to address most of the exposures associated with identity theft. Corporate...
ICAT Establishes Syndicate at Lloyd’s of London
Nov 30 2006 // Boulder, Colo.-based ICAT Holdings LLC has created a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support the company’s underwriting of catastrophe-exposed properties...
Thieves can steal more than holiday spirit
Nov 29 2006 // Unitrin Specialty investigator reminds shoppers to use common sense The gifts you’ve spent hours shopping for could be gone in under 15 seconds if you’re in too much of a rush this holiday season. You can make...
Colo. Imposes New Procedures for Surplus Lines Brokers
Nov 29 2006 // Colorado has implemented new procedure changes for surplus lines brokers. Beginning Jan. 1, 2007, surplus lines brokers in Colorado will need to report their monthly policy and endorsement transactions directly to the...
Excess/Surplus Claims Group Elects Kalaydjian, Other Officers
Nov 28 2006 // The Excess/Surplus Lines Claims Association has announced its new officers and directors. Newly elected officers include President Catherine Kalaydjian, who is executive vice president and head of claims for Endurance...
Lloyd’s Claims Specialists Heed CEO’s Call for Electronic Processing
Nov 22 2006 // A number of Lloyd’s leading claims experts have come out in support of CEO Richard Ward’s call for the London market to start processing claims electronically as soon as possible. An article on the...
Kaplan Installed as President of Texas Surplus Lines Association
Nov 22 2006 // The Texas Surplus Lines Association Inc. announced the election of the following officers and directors at the organizations 50th annual meeting held Nov. 13, 2006, at the Four Seasons Hotel in Austin, Texas: President Len...
Monarch E&S Names Bernstein Director of Professional Lines
Nov 21 2006 // Monarch E&S Insurance Services of La Crescenta, Calif., has appointed Wayne E. Bernstein director of professional lines. He will develop and head up the company’s Executive Liability and Professional Liability...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 20 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
People, partnerships lead to nearly a century of success
Nov 20 2006 // Good people can make or break a company. In San Diego-based Barney & Barney’s case, it’s clearly made it; the company has been in business for nearly a century, thanks to people who have invested their...
SPECIAL REPORT: Surplus Lines
Nov 20 2006 // The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard...
