Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Summation of Insurance-Related Bills Speeding Through Fla. Legislature
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has summarized insurance-related bills now being considered in the House and Senate. Sam Miller,...
NAS Insurance Services Offers New Excess Coverage Program
Apr 7 2006 // Encino, Calif.-based NAS Insurance Services Inc. has a new excess coverage program for its Excess and Surplus Property facility. Perils include basic, broad and special forms. The program features a $1 million minimum...
Arizona Establishes New Penalties for Late Suplus Lines Tax Payments
Apr 6 2006 // The Arizona Department of Insurance has established new civil penalties if a surplus lines broker fails to remit the surplus lines tax provided for by state statute 20-416 based on the amount of tax overdue. According to...
Lloyd’s Holds Down Losses to $180.6 Million; Webcast Scheduled
Apr 6 2006 // As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than...
Surplus Lines Needs Not Met Under Optional Federal Charter Legislation
Apr 6 2006 // The Optional Federal Charter legislation, introduced in the U.S. Senate on Wednesday, does not address the premium tax remittance and licensing concerns of the surplus lines industry, according to the National Association...
Tower Group Pens Reinsurance, Pooling, Expense Pact with CastlePoint
Apr 5 2006 // Tower Group, Inc. in New York has entered into a strategic relationship with CastlePoint Holdings, Ltd.,a Bermuda-based holding company that it has sponsored. The move gives Tower reinsurance backing, additional...
JLT Expands Lloyd’s Security/Privacy; Adds U.S. E&O Tech Coverage
Apr 4 2006 // JLT Risk Solutions Ltd;, part of London-based global broker Jardine Lloyd Thompson Group plc, announced a significantly expanded insurance program within the Lloyd’s of London market “to provide security and...
Lloyd’s Looks at Covering Virgin Galactic Space Flight
Apr 4 2006 // For centuries mankind dreamed of being able to fly. The Wright brothers may not have envisioned jet aircraft, let alone cattle car class, but they did initiate powered flight over 100 years ago. So with that mission...
D&O liability premiums fall for second straight year, study says
Apr 3 2006 // Directors and officers liability insurance average premium continued to decline in 2005, dropping by 9 percent last year after a 10 percent decline in 2004, according to the “D&O Liability 2005 Survey on Claims...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Sam Jones
Apr 3 2006 // People Sam Jones, president of property and casualty operations at ABD Insurance and Financial Services, Redwood City, Calif., is retiring from active operating responsibilities to focus more time on his family and the...
International
Apr 3 2006 // The London insurance market: The City and the regulators For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally....
Pa. Court Upholds $7.9M Bad Faith Award Against Medical Insurer
Mar 31 2006 // A Pennsylvania federal court has upheld a $7.9 million award against an insurer for its bad faith in failing to offer plaintiffs the full limits of the policy and for assigning one lawyer to represent two of its insureds...
Surplus Inc. Promotes Bowers, Gorrell and Richardson
Mar 30 2006 // Lyle Ashley, president of Conroe, Texas-based Surplus Inc. announced key promotions within the Surplus management team. Debra Bowers has been promoted to executive vice president. Bowers has 25 years of experience in the...
Lloyd’s Remains Major Energy Sector Coverage Specialist
Mar 30 2006 // In his keynote address to the delegates at Aon’s 9th Energy Insurance Conference in Cancun, Mexico, Rolf Tolle, Lloyd’s Franchise Performance Director, told his audience that the Lloyd’s market is...
Lloyd’s Pleased with Firms 2005 Results Despite Hurricanes
Mar 29 2006 // Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following...
Lloyd’s and Markel’s Italian Road Show
Mar 28 2006 // Lloyd’s and Markel International have joined forces to tell Italian businesses what the London market can offer. A bulletin on the Lloyd’s Website (www.lloyds.com) notes: “A road show was held in Rome and...
A.M. Best Upgrades, Affirms Ratings of United America Indemnity Units
Mar 27 2006 // United America Indemnity, Ltd. reported that A.M. Best Company upgraded or affirmed its financial-strength rating for fourof its subsidiaries. Penn-America Group, Inc. was upgraded to A (Excellent); United National Group...
Lloyd’s Urges Rethinking on Cat Losses
Mar 24 2006 // In a speech at the “Forces of Nature” conference in London Julian James, Lloyd’s Director of Worldwide Markets, said that the time has come for the insurance industry to rethink how it handles...
