Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Why surplus lines reform makes sense in 2006
Jul 24 2006 // The American Association of Managing General Agents (AAMGA) commends efforts to modernize commercial insurance markets while maintaining the state-based system of insurance regulation and the surplus lines market’s...
States may scrap full collateral requirements for ‘alien’ reinsurers
Jul 24 2006 // In an abrupt departure from procedures that have been in place since World War II, the National Association of Insurance Commissioners took a first step at its recently concluded meeting in Washington, D.C., towards...
The excess flood market steps up where NFIP drops off
Jul 24 2006 // The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever before the importance of flood insurance, even in locations where it was...
Unitrin Specialty Helps Agents Plan for Disaster
Jul 21 2006 // Dallas, Texas – At least one in four small businesses that close because of a major disaster never reopen. That’s why Unitrin Specialty is providing its agents with a new tool that helps small businesses plan...
Brokers Offer Full Support for Surplus Lines Reform Bill
Jul 20 2006 // The National Association of Professional Surplus Lines Offices offered their full support and applauded the passage of the Non-Admitted and Reinsurance Reform Act of 2006 (H.R. 5637), by the House Financial Services...
House Panel Advances Federal Surplus Lines Reform Act
Jul 20 2006 // Federal legislation to reform the way surplus lines insurance is regulated has been approved by a House subcommittee. The Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, chaired by Rep....
Gomez Joins Bass & Associates Insurance Services
Jul 19 2006 // Bass & Associates Insurance Services, a California based wholesale brokerage firm operating in California, Nevada and Arizona announced a partnership with Mario Gomez, formerly vice president of Lemac and Associates....
Lloyd’s: Stakes ‘Huge’ But Manageable If Major Hurricane Hits New York State
Jul 19 2006 // A Northeast hurricane hitting New York state could result in insured losses of $65 billion, Lloyd’s America President Wendy Baker warned today. “The stakes are huge,” Baker said in a speech to the...
Mario Gomez Joins Bass & Associates Insurance Services
Jul 17 2006 // Rick Bass, President of Bass & Associates Insurance Services, a California based wholesale brokerage firm operating in California, Nevada and Arizona is happy to announce the partnership with Mario Gomez, formerly...
Guy Carpenter Releases Annual Review of Lloyd’s Market
Jul 17 2006 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and part of the Marsh & McLennan Companies, has published its fourth annual report on the Lloyd’s Market, a comprehensive review of...
Commercial Brokers Urge Action on Surplus Lines Regulatory Reform
Jul 12 2006 // The Council of Insurance Agents & Brokers praised Congress for addressing insurance market reform and said there is still time this session to enact some easy, achievable changes that could have a major impact on the...
Canadian Business Ill-Prepared for Climate Change Risk, Lloyd’s Warns
Jul 12 2006 // Canadian business is vulnerable to climate change and the increasing frequency and intensity of natural catastrophes, Lloyd’s Chairman Lord Peter Levene warned in a July 11 speech to the Vancouver Board of...
Lloyd’s “360 Risk Project” Conference Tackles Climate Change
Jul 7 2006 // Lloyd’s new 360 Risk Project is dedicated to examining issues that affect the insurance industry, and its first conference took on today’s most far-reaching and important issue – the debate over climate...
Harlow Joins N.Y. Excess Lines Group
Jul 5 2006 // The Excess Line Association of New York (ELANY) has appointed Terry L. Harlow as director of education and communications, reporting to Daniel F. Maher, executive director. Harlow will undertake responsibility for...
ICAT Specialty Offering Residential Hurricane Product in Hawaii
Jul 5 2006 // ICAT Specialty Insurance Co. is offering residential named hurricane insurance for dwellings, apartments, town homes and condominiums in Hawaii. Written on an admitted basis, the product provides named hurricane coverage...
The right time to begin
Jul 4 2006 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...
Target Markets Mid-Year Meeting
Jul 4 2006 // Steve Way Has Built Giant HCC Holdings Via Acquisitions and He’s Not Done Yet Managing general agents and program administrators have an admirer with deep pockets in Steven Way. Getting some of that money might be...
Lloyd’s Comments on Celebrity Advertising Campaign Coverage
Jun 29 2006 // It’s nice to learn that Lloyd’s hasn’t turned its back on covering the perils that may strike the world’s movie, sports and assorted other celebrities. On the contrary, a recent article on its...
U.S. P/C Industry Posts Record 1Q Profits; Net Gain on Underwriting Rises Nearly 21%
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
TSLA Supports Surplus Lines Reform; Urges Members to Act
Jun 27 2006 // The Texas Surplus Lines Association announced their support of House Bill 5637, a new federal bill to reform surplus lines regulation. The bill, sponsored by Ginny Brown-Waite, R-Fla. and Dennis Moore D-Kan., and...
