Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

Independent Agents Have Beaten the Internet; Now Face Opportunities in Exchanges

Sep 19 2005 // Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are on the verge of even greater victories, one of the industry’s technology...

Drivers in 15 States Pay In Excess of $1,000 for Automobile Coverage

Sep 16 2005 // The average auto insurance premium in the country was about $939 in 2003, or about six percent higher than it was in 2002. For that same year, drivers in 15 states paid above $1,000 a year in premium, according to a report...

Lloyd’s Estimates Katrina Impact at $2.54 Billion

Sep 15 2005 // Following a review by all of its 44 managing agents, who operate its 62 active syndicates, Lloyd’s issued a bulletin indicating that its preliminary estimate of losses from Hurricane Katrina are approximately 1.4...

Kinnect’s Leaders Resign; Lloyd’s IT Platform to Undergo “Recoding”

Sep 15 2005 // Lloyd’s spokesperson Louise Shield confirmed that Toby Davies, the CEO of its Kinnect IT platform, and Iain Saville, the project’s Executive Chairman, have both stepped down, effective Sept. 14.Shield noted the...

Best Takes Various Rating Actions in Wake of Katrina

Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers.A.M. Best expects all rated companies...

S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative

Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...

Excess Lines Claims Annual Conference Sept. 21-24

Sep 9 2005 // The Excess Surplus Lines Claims Association has announced that its 36th annual meeting will be held Sept. 21-24, 2005, at the Hyatt Regency Tamaya Resort & Spa in Santa Ana Pueblo, New Mexico.“Among our major...

Lloyd’s Notice on Katrina Policies

Sep 6 2005 // Lloyd’s has issued the following statement regarding policies and claims related to losses from Hurricane Katrina:“Lloyd’s policyholders affected by Hurricane Katrina with questions about their insurance...

Do It Right the First Time: Surplus Lines Compliance

Sep 5 2005 // As a producer, keeping abreast of the surplus lines laws and regulations in your own state is often a difficult task. When one wanders across state borders, the challenge becomes even more daunting, sometimes requiring an...

Celebrating 75 Years, Quirk & Company Looks to 100 and Beyond

Sep 5 2005 // As we celebrate our 75th anniversary year, reflections on the past seem to be in order. We have a long and rich history in the insurance industry, particularly in Texas. I believe that Quirk & Company is one oldest...

SLSOT 2005 Seminars Planned for October

Sep 5 2005 // Speakers from the Texas Department of Insurance, the state comptroller’s office and the Surplus Lines Stamping Office of Texas will discuss topics of importance to surplus lines professionals during a series of...

Clarendon Clarifies Hannover Re Decision on Programs

Sep 5 2005 // Many people questioned what Hannover Re’s Chief Executive Wilhelm Zeller, meant when he announced a “new strategy” for its U.S. subsidiary, Clarendon Insurance Group. Presiding over the German...

Midwest Surplus Lines: A Market Unto Itself

Sep 5 2005 // Gone are the days when the Midwest’s surplus lines market saw all sorts of business, from high-liability risks to garden variety commercial property coverage. For the region’s surplus lines business, the...

Do It Right the First Time: Surplus Lines Compliance

Sep 5 2005 // As a producer, keeping abreast of the surplus lines laws and regulations in your own state is often a difficult task. When one wanders across state borders, the challenge becomes even more daunting, sometimes requiring an...

Celebrating 75 Years, Quirk & Company Looks to 100 and Beyond

Sep 5 2005 // As we celebrate our 75th anniversary year, reflections on the past seem to be in order. We have a long and rich history in the insurance industry, a particularly in Texas. I believe that Quirk & Company is one oldest...

Do It Right the First Time: Surplus Lines Compliance

Sep 5 2005 // As a producer, keeping abreast of the surplus lines laws and regulations in your own state is often a difficult task. When one wanders across state borders, the challenge becomes even more daunting, sometimes requiring an...

Midwest Surplus Lines: A Market Unto Itself

Sep 5 2005 // Gone are the days when the Midwest’s surplus lines market saw all sorts of business, from high-liability risks to garden variety commercial property coverage. For the region’s surplus lines business, the...

Do It Right the First Time: Surplus Lines Compliance

Sep 5 2005 // As a producer, keeping abreast of the surplus lines laws and regulations in your own state is often a difficult task. When one wanders across state borders, the challenge becomes even more daunting, sometimes requiring an...

SLSOT 2005 Seminars Planned for October

Sep 5 2005 // Speakers from the Texas Department of Insurance, the state comptroller’s office and the Surplus Lines Stamping Office of Texas will discuss topics of importance to surplus lines professionals during a series of...

After the Internet, Comes The Invasion of the Insurance Exchanges

Sep 5 2005 // Independent insurance agents have outplayed and outscored the Web-based insurance distribution systems that tried to eliminate them and are on the verge of even greater victories, one of the industry’s technology...