All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 3 2001 // Tapley O. Johnson, Jr., incoming president of the National Association of Professional Surplus Lines Offices (NAPSLO) and chairman of the annual convention, expects some 2,200 attendees at the 27th Annual Convention in San...
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Sep 3 2001 // When John Latham steps down as president of the National Association of Professional Surplus Lines Offices (NAPSLO) in San Antonio later this month, Tapley O. Johnson, Jr., will take on the office as incoming president and...
Sep 3 2001 // John Latham will step aside as National Association of Professional Surplus Lines Offices (NAPSLO) president later this month making room for Tap Johnson, Jr. Before his exit, he agreed to spend a few minutes with...
Aug 30 2001 // Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99 with a projected loss in 1999 of nearly $2 billion. 2000 figures are expected to...
Aug 27 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Aug 24 2001 // A new law going into effect Aug. 28 repeals the state residency requirement for surplus lines insurers in Missouri. The law, enacted as Senate Bill 605, allows the director of insurance to issue surplus lines licenses to...
Aug 22 2001 // According to the latest report from the Association of Lloyd’s Members (ALM), which represents most of the individual investors, or “Names,” in Lloyd’s syndicates, the market should return to...
Aug 20 2001 // The decision on August 10th by the 7th Circuit Court of Appeals in favor of Lloyd’s and other London-based underwriters found them not liable for an additional $100 million in settlement payments arising from...
Aug 20 2001 // Oil and gas drillers in Texas are averaging about 40 new holes in the ground every day as the pace of looking for petroleum, especially natural gas, continues unabated in Texas and elsewhere, and that’s...
Aug 20 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Aug 17 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and removed its negative outlook. This negative outlook was affirmed on June 28, 2001to reflect A.M. Best’s concerns over the...
Aug 6 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market.The historic selection of The Hanleigh...
Jul 30 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The selection of The Hanleigh Group and...
Jul 24 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market.The historic selection of The Hanleigh...
Jul 23 2001 // If the hospitality market has firmed recently to, say, the consistency of crème brulée, will it necessarily become more like peanut brittle in the coming months? Who knows? But like many areas of today’s economy,...
Jul 16 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
Jul 9 2001 // While the primary goal of the year’s top agenda item – a revised agency licensing law – for Texas Surplus Lines Association may have been met, much work still remains to be done. Association officials...
Jul 6 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and its financial size category of XV. The rating continues to carry a negative outlook.According to A.M. Best, the affirmation of the rating...
Jun 27 2001 // Australia’s QBE announced that it plans to rearrange its interests in several Lloyd’s syndicates managed by its wholly owned subsidiary Limit plc, and will increase their underwriting capacity. The syndicates...