Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lutine Bell Rung for Victims of U.S. Terror Attacks
Sep 14 2001 // Underwriters and insurance brokers gathered in the Lloyd’s Building in London yesterday to hear the Lutine Bell rung in memory of the victims of this week’s terror attacks in the United States. The bell was...
Lloyd’s Says Estimates of Total U.S. Damage ‘Deeply Flawed’
Sep 13 2001 // The Lloyd’s of London insurance market have cautioned that any specific estimate of the absolute cost in financial terms for the insurance industry of yesterday’s tragedy in the United States is highly...
CLARIFICATION: Lloyd’s Insurer Cotesworth
Sep 11 2001 // The article concerning Lloyd’s insurer and Managing General Agent Cotesworth & Co., which appeared on this Website September 7th, contained language which could be interpreted to adversely reflect on the...
Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks
Sep 11 2001 // Lloyd’s of London cleared its offices in the traditional financial center in the City of London following terrorist attacks on New York City and Washington, D.C. Reuters reported that the staff of other large...
NAPSLO Cancels Annual Convention
Sep 11 2001 // The National Association of Professional Surplus Lines Offices cancelled its Annual Convention in San Antonio, Texas, due to the conditions created by the attack on the World Trade Center and other buildings. The...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 10 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Surplus Lines Market Shows Growth Despite Sluggish Economy
Sep 10 2001 // From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California,...
NAPSLO Retrospective: A Visit With Outgoing President John Latham
Sep 10 2001 // John Latham will soon step aside as National Association of Professional Surplus Lines Offices (NAPSLO) president making room for Tap Johnson, Jr. Before his exit, he agreed to spend a few minutes with Insurance Journal to...
Lloyd’s Affirmed, Negative Outlook Removed
Sep 10 2001 // A.M. Best Co. has affirmed the “A” rating of Lloyd’s and removed its negative outlook. The negative outlook was affirmed June 28 to reflect A.M. Best’s concerns over the accelerating rate of...
Looking Back at the Rise of NAPSLO
Sep 10 2001 // NAPSLO, or the National Association of Professional Surplus Lines Offices, Limited, was organized during the years of 1973, 1974 and 1975. The first meetings were usually held at the same time as the meetings of the...
Lloyd’s Insurers Facing Loss Crisis
Sep 7 2001 // Lloyd’s recent announcement of projected 1999 losses in the $2 billion range (see IJ Website, Aug. 30) is beginning to have a more immediate impact on some of its insurance syndicates. Yesterday Cotesworth &...
Lloyd’s To Raise Members’ Central Fund Contributions
Sep 4 2001 // Lloyd’s spokesman Adrian Beeby confirmed the organization’s intention to modify the amount members contribute to its Central Fund by raising the involuntary levies they are required to make on all premiums...
SAFECO Reaffirms Lloyd’s Commitment Following Syndicate Head’s Resignation
Sep 3 2001 // Seattle’s SAFECO reaffirmed its commitment to remain its Lloyd’s operations following the resignation of Ralph Bailey as managing director of Syndicate 138, R.F. Bailey (Underwriting Agencies) Ltd,. which it...
2000 Surplus Lines Premium Report
Sep 3 2001 // Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues. Through August, the...
2,200 Attendees Expected at NAPSLO Convention, Pulitzer Prize-Winning Historian to Keynote 27th Annu
Sep 3 2001 // Tapley O. Johnson, Jr., incoming president of the National Association of Professional Surplus Lines Offices (NAPSLO) and chairman of the annual convention, expects some 2,200 attendees at the 27th Annual Convention in San...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Incoming NAPSLO President Focuses on Regulatory Issues, Technology
Sep 3 2001 // When John Latham steps down as president of the National Association of Professional Surplus Lines Offices (NAPSLO) in San Antonio later this month, Tapley O. Johnson, Jr., will take on the office as incoming president and...
NAPSLO Retrospective: A Visit With Outgoing President John Latham
Sep 3 2001 // John Latham will step aside as National Association of Professional Surplus Lines Offices (NAPSLO) president later this month making room for Tap Johnson, Jr. Before his exit, he agreed to spend a few minutes with...
Lloyd’s Confirms Loss Figures
Aug 30 2001 // Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99 with a projected loss in 1999 of nearly $2 billion. 2000 figures are expected to...
Asbestos Claims: ‘The Shroud’ Over the Industry
Aug 27 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
