All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 29 2006 // Agents in New Jersey are protesting a state proposal to require originating brokers making surplus lines placements to tell insureds they will receive a portion of the commission.The Professional Insurance Agents of New...
Sep 29 2006 // Pacific Coast E&S Services has a new business auto market available in California. Market covers business auto, liability and physical damage, light and medium vehicles; and local and intermediate radius. Most drivers...
Sep 27 2006 // Lloyd’s announced overall first half profits of £1.3 billion ($2.553 billion), slightly below the £1.38 billion ($2.61 billion) it earned in the same period of 2005. Unfortunately Katrina, Rita and Wilma wiped out...
Sep 27 2006 // The U.S. House of Representatives passed legislation that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace.H.R. 5637, The Non-Admitted and Reinsurance...
Sep 26 2006 // Strategic Independent Agents Alliance (SIAA) has appointed William J. Fahy as executive vice president for programs and specialty markets. Fahy’s duties include working with SIAA’s senior staff and Master...
Sep 25 2006 // In the grip of a heat wave, the owners of a fruit farm didn’t suspect a mechanical problem when a 600 hp deep well pump started producing less water. After all, the temperature had been soaring for weeks and other...
Sep 25 2006 // The program administrator specialty market continues to grow, according to survey results by Guy Carpenter & Company Inc. More than 65 percent of survey respondents estimate the size of the program administrator...
Sep 25 2006 // Despite the softening property/casualty market, commercial insureds who find liability insurance unavailable or unaffordable, as well as those who desire stability and control of their liability programs, continue to...
Sep 25 2006 // PeopleMiami insurance agent Alex Soto has been inaugurated as the new president of the Independent Insurance Agents & Brokers of America (the Big “I”), with Robert E. Fulwider assuming the office of...
Sep 25 2006 // Information technology plays an important part in production and a computer’s sensitive electronic circuits are susceptible to electrical damage. … Add the mechanical equipment it takes to run a farm and the...
Sep 25 2006 // Specialty program market continues to grow, but new business still a challengeThe program administrator specialty market continues to grow, according to survey results by Guy Carpenter & Company Inc. More than 65...
Sep 25 2006 // Despite the softening property/casualty market, commercial insureds who find liability insurance unavailable or unaffordable, as well as those who desire stability and control of their liability programs, continue to...
Sep 25 2006 // Miami insurance agent Alex Soto has been inaugurated as the new president of the Independent Insurance Agents & Brokers of America (the Big “I”), with Robert E. Fulwider and C. Brett Nilsson assuming the...
Sep 22 2006 // A bulletin on the Lloyd’s Website (www.lloyds.com) gives highlights from a recent conference, held at the Reinsurance Rendezvous in Monte Carlo, on the continuing development and “convergence of traditional...
Sep 22 2006 // The American Association of Managing General Agents is asking Congressman John A. Boehner, R-Ohio, and Congressman John Conyers, D-Mich., to place the Non-Admitted & Reinsurance Reform Act of 2006, HR 5637, on the...
Sep 20 2006 // In what it called “a good step towards eradicating paper in the market,” Lloyd’s announced the implementation of “an electronic filing cabinet,” which has been launched “for handling...
Sep 20 2006 // Momentum is usually used in the context of football games and political campaigns, not in referring to 300-year old insurance markets. But Lloyd’s certainly seems to be gathering momentum when it comes to business...
Sep 19 2006 // Florida Insurance Commissioner Kevin McCarty has ordered five workers’ compensation insurance carriers to return what his department has determined are excessive profits totaling $649,363.00.Workers’...
Sep 19 2006 // Direct premium volume for the surplus lines insurance market remained relatively flat in 2005 as it did in 2004, after growing significantly during the three prior calendar years.The significant growth had been a...
Sep 18 2006 // Eight members of the Lloyd’s market are to be honored at the end of the month by becoming some of the first insurance professionals to be inducted into the Offshore Energy Center (OEC) Hall of Fame.A bulletin on the...