Insurance Company Surplus — A Tiny Primer
July 18, 2022
I find that almost all agents and a high proportion of insurance carrier employees possess inadequate knowledge of insurance carrier surplus.
Author: lfsuser
Over 20 New E&S Entrants Reshaping Marketplace: RPS
July 18, 2022
Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess and surplus marketplace over the last couple of years — and they may be more aggressive than incumbent insurers.
Markets/Coverages: Skyward Specialty’s Renewable Energy Cover; IMA, Parametrix Downtime Policy; Contractor Safety Discounts From Procure, Shepherd
June 13, 2022
Skyward Specialty Insurance Group is now offering a renewable energy contractors coverage targeting contractors specializing in wind and solar energy conversion systems for private and commercial or industrial purposes.
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
February 07, 2022
Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to flatten” is telling.
California Leads Nation in Surplus Lines Premiums on 5th Year of Record Growth
February 04, 2020
Premium data from all surplus lines stamping offices for 2019 shows that California once again led the nation in total surplus line premiums, possibly boosted by construction spending and wildfires. The Surplus Line Association of California recorded $9.09 billion in premiums last year, plus an additional $1.17 billion on policies from 2018 that were analyzed […]
Insurers Remain Cautious About Marijuana Insurance Market
April 22, 2019
The marijuana industry is an opportunity for insurers as more states have legalized the drug.
Milk Contamination Court Case Leads To $1.2 Million Insurance Reward
March 29, 2019
An M&T Transport truck was tasked with delivering milk to Great Lakes Cheese of NY Inc.
Largest Automotive Recall In U.S. History- The Ripple Effects
February 20, 2019
Due to the largest automotive recalls in U.S. history, Takata Corp. filed for Chapter 11 bankruptcy in the United States, and bankruptcy protection in Japan in 2017.
Rocky Half-Year for London Market Brings Some Clarity to Reinsurance Trends
August 10, 2011
The first-half experiences of the London market’s top insurers with catastrophe losses may shed some light on the direction of global reinsurance in the six months ahead.
Higher Rates for P/C Insurance
May 17, 2011
There is “growing pressure” to support increased rates in property/casualty insurance and reinsurance markets, rating agency A.M. Best has concluded in its most recent market analysis.