Claims Costs Concerns Remain Amid Volatile Economy
E&S Market Swells Even as Rate Hikes Ease
The Surplus Line Association of California board voted to drop the association’s stamping fee to 0.18%.
AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market
I find that almost all agents and a high proportion of insurance carrier employees possess inadequate knowledge of insurance carrier surplus.
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
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.
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.
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 […]
The marijuana industry is an opportunity for insurers as more states have legalized the drug.