All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 22 2010 // The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed over the last couple years as the economy has forced the closure of many...
Jul 21 2010 // A workshop held in Lloyd’s Old Library sought to answer that question, by examining the impact global warming could have on the hurricane season. Lloyd’s cited the fact that “analysis of weather patterns...
Jul 21 2010 // President Barack Obama on Wednesday signed a sweeping overhaul of the financial regulatory system. The “Dodd-Frank Wall Street Reform and Consumer Protection Act,” drafted in response to the recent financial...
Jul 20 2010 // The New York-based Navigators Group announced that its wholly-owned syndicate, Navigators Syndicate 1221 at Lloyd’s of London, is co-locating with Lloyd’s in Rio de Janeiro by appointing a local...
Jul 20 2010 // Milltown Insurance Group, a new specialty insurance and weather brokerage in Lakeville, Minn., recently was opened for business by Dana D’Arrigo. The firm specializes in niche property and casualty program business...
Jul 19 2010 // Where contractors are involved, one of the most intractable problems for a carrier in negotiating and settling claims are the contract liability issues. How does a carrier identify if a contractual claim is covered? A...
Jul 19 2010 // For probably as long as the concept of insurance has been in existence, so has the excess and surplus (E&S) lines marketplace. It no doubt plays an extremely vital role in our industry. It is strongly suggested...
Jul 19 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
Jul 19 2010 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC based in Chicago, has acquired Los Angeles-based Chartwell Independent Insurance Brokers LLC.Chartwell, founded in September 2004 by Ben Beazley,...
Jul 19 2010 // Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change passed earlier this year went into effect this month.The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers...
Jul 19 2010 // New York Superintendent of Insurance James J. Wrynn said his agency will hold a public hearing next month to explore the possibility of increasing insurance capacity in New York by easing access to non-standard market...
Jul 16 2010 // In a brief statement Lloyd’s of London officially welcomed the successful passage of the Dodd-Frank Act through the US Senate. Sean McGovern, Lloyd’s Director and General Counsel, stated: “We welcome the...
Jul 16 2010 // It’s no secret. Insurance is a relationship business. And the agent-wholesale broker relationship is no exception. The continued soft market hasn’t stifled relationships either. Wholesale brokers are still a...
Jul 16 2010 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of New York Marine Group and its members and the ICR of...
Jul 16 2010 // The Senate has passed the Dodd-Frank financial services reform package that will have some impact on the insurance industry and add involvement by the federal government in the state-based insurance regulatory system.The...
Jul 14 2010 // Manchester Specialty Programs Inc. (MSP) has launched a national program for home health care Providers and Medical Staffing Firms. The program will offer all lines of coverage in partnership with Everest National...
Jul 13 2010 // Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change earlier this year went into effect this month.The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers had...
Jul 13 2010 // The Independent Insurance Agents and Brokers of Idaho is reminding insurance brokers of new requirements for surplus lines contracts that took effect July 1. H 462 amends existing law relating to unauthorized insurers and...
Jul 12 2010 // EPIC (Edgewood Partners Insurance Center), a California-based retail property, casualty and employee benefits insurance brokerage, has added North Bay insurance professionals Wade Gordon and Jennifer Heliotes in the...