All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 16 2001 // The State Department is opposed to a provision in the pending Bankruptcy Reform Bill that would effectively prevent Lloyd’s from collecting money from several hundred wealthy American “Names” who have...
Mar 16 2001 // Peter J. O’Shaughnessy has resigned as chairman of the board at Trinity E&S. Thomas J. Gassen, president of Trinity, will assume the duties as chairman. Gassen said Trinity will acquire...
Mar 15 2001 // A federal task force investigating Lloyd’s of London have begun interviews of witnesses in California regarding a $400,000 payment made to the state by Lloyd’s in 1999, according to a Los Angeles Times...
Mar 12 2001 // A new round of controversy over actions taken by former California Insurance Commissioner Chuck Quackenbush has been triggered by articles recently published in the Los Angeles Times.The strongest of the allegations...
Mar 12 2001 // In at least one way, there is a strong parallel between learning to ride a motorcycle and insuring motorcycle operators. For the novice rider, the first 90 days of vehicle ownership is an especially risky period for...
Mar 6 2001 // Lloyd’s of London has hired former U.S. Senate Majority Leader Bob Dole to help fight a bankruptcy bill provision that could block the company from collecting debts from some U.S. investors. Dole, who has said he...
Mar 2 2001 // Band members of the rock group Black Crowes have sued Lloyd’s in L.A. Superior Court, alleging that it has failed to reimburse the group for lost profits and expenses its members suffered when former Led Zeppelin...
Feb 27 2001 // A special provision, added to the currently pending legislation in Congress to overhaul the U.S. Bankruptcy law, aims to prevent Lloyd’s from collecting debts from U.S. “Names”(individual Lloyd’s...
Feb 23 2001 // The Los Angeles Times recently published a report containing new allegations that the California Department of Insurance under former commissioner Chuck Quackenbush covered up a $400,000 payment made by Lloyd’s of...
Feb 19 2001 // The Comptroller of Public Accounts in Texas is planning an appeal of a Third District Court ruling that found Dow Chemical Co. did not owe the comptroller taxes on independently procured insurance. The Comptroller’s...
Feb 16 2001 // The property/casualty industry could return capital to its stakeholders without risking rating downgrades or insolvency, according to A.M. Best Company, which is conducting an ongoing analysis of risk-adjusted...
Feb 12 2001 // NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC MeetingWith the end of the year 2000 state legislative sessions and the U.S. Congress winding down its post-election lame duck session, legislative activity...
Feb 12 2001 // The “AApi” rating on Traveler’s Lloyd’s Insurance Co. was affirmed by Standard & Poor’s (S&P). The Hartford, Conn.-based, Texas-domiciled company writes mainly commercial lines. The...
Jan 31 2001 // Lloyd’s has named Nicholas Smith as its Attorney in fact in Canada for Lloyd’s Underwriters effective June 1, 2001. He will succeed Mark J. Oppenheim CA, who has filled the position since 1992. Smith, who...
Jan 29 2001 // In the Sept. 4, 2000, issue of Insurance Journal we ran a one-page survey in hopes of finding out how you, our readers, plan on using the surplus line market in 2001. Four of the 32 respondents returned the form via fax,...
Jan 22 2001 // Confirming plans announced in a “Discussion Document” in October 1999, Lloyd’s officially opened its doors to brokers from outside the London community for the first time in its 300-year history....
Jan 22 2001 // New surplus lines regulations went into effect in Texas on Dec. 12, 2000, the result of a request by the Surplus Lines Stamping Office of Texas. The changes mark the first update to the regulations in more than 10 years...
Jan 22 2001 // Julian James, Head of Lloyd’s worldwide markets, said that while he saw no “major insurance claims” arising from California’s current power crisis, he anticipated a rise in claims against directors...
Jan 15 2001 // Confirming plans announced in a “Discussion Document” in October 1999, Lloyd’s officially opened its doors to brokers from outside the London community for the first time in its 300-year history....
Jan 9 2001 // Lloyd’s announced that three new syndicates have started trading adding £236 million ($355 million) to its underwriting capacity which now totals £11.06 billion ($16.6 billion), 10 percent over year 2000...