Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
2010: The Road Ahead for Surplus Lines Wholesalers
Sep 20 2005 // The model surplus lines insurance brokerage of 2010 should be faster, bigger, better, leaner, able to cross state lines and come in colors other than white. Industry leaders predict that while there might be slightly fewer...
Federal Role in Regulation is the Big Unknown in Surplus Line’s Future
Sep 19 2005 // If Congress Changes Regulation, Impact Would be Big … But That’s a Big ‘If’ While underwriting cycles and the dynamics of distribution are certain to shape the surplus lines industry of 2010, a...
Southeast Surplus Underwriters Welcomes Becker
Sep 19 2005 // Southeast Surplus Underwriters General Agency Inc., based in Beaumont, Texas, announced the addition of Renee Becker as marketing assistant. As a marketing assistant for SES, Becker will be responsible for providing...
In Uncertain Times, Surplus Market Certain to Respond
Sep 19 2005 // Regardless of what insurance regulation looks like in 2010, experts say the surplus lines industry will still be defined by its ability to adapt and innovate in the product arena. The industry’s freedom from rate and...
Independent Agents Have Beaten the Internet; Now Face Opportunities in Exchanges
Sep 19 2005 // Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are on the verge of even greater victories, one of the industry’s technology...
Drivers in 15 States Pay In Excess of $1,000 for Automobile Coverage
Sep 16 2005 // The average auto insurance premium in the country was about $939 in 2003, or about six percent higher than it was in 2002. For that same year, drivers in 15 states paid above $1,000 a year in premium, according to a report...
Lloyd’s Estimates Katrina Impact at $2.54 Billion
Sep 15 2005 // Following a review by all of its 44 managing agents, who operate its 62 active syndicates, Lloyd’s issued a bulletin indicating that its preliminary estimate of losses from Hurricane Katrina are approximately 1.4...
Kinnect’s Leaders Resign; Lloyd’s IT Platform to Undergo “Recoding”
Sep 15 2005 // Lloyd’s spokesperson Louise Shield confirmed that Toby Davies, the CEO of its Kinnect IT platform, and Iain Saville, the project’s Executive Chairman, have both stepped down, effective Sept. 14. Shield noted...
Best Takes Various Rating Actions in Wake of Katrina
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
Excess Lines Claims Annual Conference Sept. 21-24
Sep 9 2005 // The Excess Surplus Lines Claims Association has announced that its 36th annual meeting will be held Sept. 21-24, 2005, at the Hyatt Regency Tamaya Resort & Spa in Santa Ana Pueblo, New Mexico. “Among our major...
Lloyd’s Notice on Katrina Policies
Sep 6 2005 // Lloyd’s has issued the following statement regarding policies and claims related to losses from Hurricane Katrina: “Lloyd’s policyholders affected by Hurricane Katrina with questions about their insurance...
Do It Right the First Time: Surplus Lines Compliance
Sep 5 2005 // As a producer, keeping abreast of the surplus lines laws and regulations in your own state is often a difficult task. When one wanders across state borders, the challenge becomes even more daunting, sometimes requiring an...
Celebrating 75 Years, Quirk & Company Looks to 100 and Beyond
Sep 5 2005 // As we celebrate our 75th anniversary year, reflections on the past seem to be in order. We have a long and rich history in the insurance industry, particularly in Texas. I believe that Quirk & Company is one oldest...
SLSOT 2005 Seminars Planned for October
Sep 5 2005 // Speakers from the Texas Department of Insurance, the state comptroller’s office and the Surplus Lines Stamping Office of Texas will discuss topics of importance to surplus lines professionals during a series of...
Clarendon Clarifies Hannover Re Decision on Programs
Sep 5 2005 // Many people questioned what Hannover Re’s Chief Executive Wilhelm Zeller, meant when he announced a “new strategy” for its U.S. subsidiary, Clarendon Insurance Group. Presiding over the German...
Midwest Surplus Lines: A Market Unto Itself
Sep 5 2005 // Gone are the days when the Midwest’s surplus lines market saw all sorts of business, from high-liability risks to garden variety commercial property coverage. For the region’s surplus lines business, the...
Do It Right the First Time: Surplus Lines Compliance
Sep 5 2005 // As a producer, keeping abreast of the surplus lines laws and regulations in your own state is often a difficult task. When one wanders across state borders, the challenge becomes even more daunting, sometimes requiring an...
Celebrating 75 Years, Quirk & Company Looks to 100 and Beyond
Sep 5 2005 // As we celebrate our 75th anniversary year, reflections on the past seem to be in order. We have a long and rich history in the insurance industry, a particularly in Texas. I believe that Quirk & Company is one oldest...
Do It Right the First Time: Surplus Lines Compliance
Sep 5 2005 // As a producer, keeping abreast of the surplus lines laws and regulations in your own state is often a difficult task. When one wanders across state borders, the challenge becomes even more daunting, sometimes requiring an...
