All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 17 2006 // The Arizona Department of Insurance has established new civil penalties if a surplus lines broker fails to remit the surplus lines tax provided for by state statute 20-416 based on the amount of tax overdue.According to...
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has summarized insurance-related bills now being considered in the House and Senate. Sam Miller,...
Apr 7 2006 // Encino, Calif.-based NAS Insurance Services Inc. has a new excess coverage program for its Excess and Surplus Property facility. Perils include basic, broad and special forms. The program features a $1 million minimum...
Apr 6 2006 // The Arizona Department of Insurance has established new civil penalties if a surplus lines broker fails to remit the surplus lines tax provided for by state statute 20-416 based on the amount of tax overdue.According to...
Apr 6 2006 // As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than...
Apr 6 2006 // The Optional Federal Charter legislation, introduced in the U.S. Senate on Wednesday, does not address the premium tax remittance and licensing concerns of the surplus lines industry, according to the National Association...
Apr 5 2006 // Tower Group, Inc. in New York has entered into a strategic relationship with CastlePoint Holdings, Ltd.,a Bermuda-based holding company that it has sponsored.The move gives Tower reinsurance backing, additional...
Apr 4 2006 // JLT Risk Solutions Ltd;, part of London-based global broker Jardine Lloyd Thompson Group plc, announced a significantly expanded insurance program within the Lloyd’s of London market “to provide security and...
Apr 4 2006 // For centuries mankind dreamed of being able to fly. The Wright brothers may not have envisioned jet aircraft, let alone cattle car class, but they did initiate powered flight over 100 years ago. So with that mission...
Apr 3 2006 // Directors and officers liability insurance average premium continued to decline in 2005, dropping by 9 percent last year after a 10 percent decline in 2004, according to the “D&O Liability 2005 Survey on Claims...
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
Apr 3 2006 // PeopleSam Jones, president of property and casualty operations at ABD Insurance and Financial Services, Redwood City, Calif., is retiring from active operating responsibilities to focus more time on his family and the...
Apr 3 2006 // The London insurance market: The City and the regulatorsFor 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally....
Mar 31 2006 // A Pennsylvania federal court has upheld a $7.9 million award against an insurer for its bad faith in failing to offer plaintiffs the full limits of the policy and for assigning one lawyer to represent two of its insureds...
Mar 30 2006 // Lyle Ashley, president of Conroe, Texas-based Surplus Inc. announced key promotions within the Surplus management team.Debra Bowers has been promoted to executive vice president. Bowers has 25 years of experience in the...
Mar 30 2006 // In his keynote address to the delegates at Aon’s 9th Energy Insurance Conference in Cancun, Mexico, Rolf Tolle, Lloyd’s Franchise Performance Director, told his audience that the Lloyd’s market is...
Mar 29 2006 // Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following...
Mar 28 2006 // Lloyd’s and Markel International have joined forces to tell Italian businesses what the London market can offer. A bulletin on the Lloyd’s Website (www.lloyds.com) notes: “A road show was held in Rome and...
Mar 27 2006 // United America Indemnity, Ltd. reported that A.M. Best Company upgraded or affirmed its financial-strength rating for fourof its subsidiaries.Penn-America Group, Inc. was upgraded to A (Excellent); United National Group...