All the headlines from our Excess Surplus Topic Page, ordered by recency.
Feb 26 2002 // The American Insurance Association (AIA) will urge state insurance legislators to encourage states to allow options for insurers that use aftermarket crash parts and to make strides toward civil justice reform during this...
Feb 26 2002 // Aon Corporation has named F. Marshall Turner, President — Property & Casualty, Combined Specialty Corporation. “We’re very happy to have Marshall join Combined Specialty Corporation as a member of...
Feb 25 2002 // Nuts & Bolts: East-West Connection Inc. of Washington Township, N.J., is offering a new market for specialty programs.Dollars: Has program volumes of $2 million to $5 million; policy limits up to $1 million. Carrier:...
Feb 21 2002 // Standard & Poor’s announced that its single-‘A’ insurer financial strength rating on the Lloyd’s insurance market will remain on CreditWatch with negative implications, but said it...
Feb 15 2002 // Lloyd’s is apparently set to receive a clean bill of financial health from the auditors who’ve been examining its accounts, and evaluating its reserves, as part of last November’s agreement with the...
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
Feb 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) is holding its Mid-Year Marketplace & Business Roundup Feb. 24-27 in San Antonio. The Texas gathering replaces the 2002 Mid-Year Educational...
Feb 6 2002 // Lloyd’s of London confirmed analysts’ expectations with its second cash call to syndicate members in four months, asking them to provide an additional £546 million ($802.8 million) to cover Lloyd’s...
Feb 1 2002 // The London insurance market is awash in rumors that Lloyd’s may issue another cash call sometime next week in order to raise additional funds to help pay the estimated $2.7 billion in claims resulting from the...
Jan 30 2002 // Standard & Poor’s has issued a bulletin which discusses the proposed structural reforms announced by Lloyd’s of London on January 17. While warning of numerous hurdles to be overcome before any of the...
Jan 30 2002 // XL Winterthur International Launched XL Winterthur International (XLWI), the account risk management business of XL Capital Ltd. (XL) announced the establishment of a new Excess Casualty unit based in New York.The new unit...
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Jan 28 2002 // The news burst suddenly, but not entirely unexpectedly, on the insurance industry.Confirming earlier reports, the 18-member Council of Lloyd’s issued a series of proposals to drastically restructure the way the...
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Jan 28 2002 // The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable...
Jan 28 2002 // The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable...
Jan 25 2002 // Lloyd’s of London has appointed Jeremy Pinchin as Special Counsel to coordinate claims connected with the Sept. 11 terrorist attacks.The position was created specifically to handle Sept. 11 claims. ” Mr....
Jan 21 2002 // Reversing an earlier decision, New Jersey’s Department of Banking and Insurance announced that it will allow the exclusion of coverage for toxic mold from policies offered by the State’s surplus lines...
Jan 18 2002 // Confirming earlier reports (See IJ Website Jan. 16), Lloyd’s announced that its ruling body, the Council of Lloyd’s, has put forth a radical plan to restructure the way the 300 year old market does business. If...
Jan 14 2002 // AccordingSurplus lines insurers may offer hope for businesses to remain insured in those states, like California and New York, that are refusing to allow insurers to exclude terrorism risks in commercial insurance...