ELANY News

Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry

Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection between disruptive technology and traditional insurance products …

Excess Line Association of New York Hires Davis as Financial Director

The Excess Line Association of New York (ELANY) has hired James Davis as financial director. Davis will be responsible for the financial review and analysis of all eligible listed excess line insurers to verify their financial strength. He’s based in …

New York Increases Requirements for Excess Line Insurers

A new regulation that goes into effect in New York this month will force excess line insurers to triple their minimum policyholders surplus to $45 million by the middle of 2013. For eligible excess line insurers already in the state, …