Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Missouri Now Allows Non-Resident Surplus Lines Insurers
Aug 24 2001 // A new law going into effect Aug. 28 repeals the state residency requirement for surplus lines insurers in Missouri. The law, enacted as Senate Bill 605, allows the director of insurance to issue surplus lines licenses to...
Lloyd’s Sees Return to Profitability Despite Losses, Reduced Capacity
Aug 22 2001 // According to the latest report from the Association of Lloyd’s Members (ALM), which represents most of the individual investors, or “Names,” in Lloyd’s syndicates, the market should return to...
London Insurers Win Chicago Flood Appeal
Aug 20 2001 // The decision on August 10th by the 7th Circuit Court of Appeals in favor of Lloyd’s and other London-based underwriters found them not liable for an additional $100 million in settlement payments arising from...
Well-Control Coverage Drying Up for Small, Independents in Oil Patch
Aug 20 2001 // Oil and gas drillers in Texas are averaging about 40 new holes in the ground every day as the pace of looking for petroleum, especially natural gas, continues unabated in Texas and elsewhere, and that’s...
Asbestos Claims: ‘The Shroud Over the Industry’
Aug 20 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...
