5th Circuit: Louisiana Law Voids Arbitration Clause in Surplus Lines Policies June 7, 2024 By Ezra Amacher A panel of the 5th Circuit Court of Appeals ruled this week that a Louisiana statute voids the formation of...
Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says March 6, 2024 By William Rabb Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the...
Florida Bills Moving, But Agents Disagree on One That Bars Cancellations After Storms February 29, 2024 By Insurance Journal Staff Reports Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance...
Oklahoma Insurance Department Adopts Surplus Lines Automation Suite December 14, 2023 The Oklahoma Insurance Department announced the adoption of the Surplus Lines Automation Suite (SLAS) for the reporting and payment of...
Kansas Insurance Companies to See Reduced Surplus Lines Tax Rate in 2024 December 8, 2023 Insurance companies in Kansas will pay a reduced surplus lines tax rate beginning next year after the legislature passed a...
AM Best Outlook of US E&S Market Revised to ‘Positive’ November 9, 2023 Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to...
West Virginia Regulator Wants Input on Surplus Lines Export List September 25, 2023 The West Virginia Office of Insurance Commissioner is accepting comments on potential changes to the state’s surplus lines export list,...
For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best September 14, 2023 Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking...
Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June August 10, 2023 By Allen Laman Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report...
Center for Insurance and Risk Management Opening in Nevada University June 15, 2023 University of Nevada, Las Vegas announced the establishment of the Kerestesi Center for Insurance and Risk Management within the Lee...