At the end of November, the Surplus Lines Stamping Office of Texas (SLTX) had recorded $5.57 billion in Texas surplus lines premium, exceeding the $5.46 billion total reported for the full-year of 2017.
This represents a 2.17 percent increase over last year’s year-end total, with one month left in 2018.
Compared to this time period in 2017, premiums have increased 10.56 percent, SLTX reported. Filings have increased only slightly, at 1.58 percent over the same time period in 2017.
The increase can be partly attributed to continued favorable conditions in the surplus lines market. Some coverages have grown steadily, such as fire and allied lines, which increased 12 percent over 2017. Other emerging markets have shown increases over the past year. For example, cyber liability is up 14 percent, while pollution and flood premiums have both increased by 6 percent.
Source: SLTX
Topics Texas Excess Surplus
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