In the teeth of the first true hard market in nearly two decades, evidence accumulated by the Surplus Lines Stamping Office of Texas confirms the surplus lines insurance market is successfully fulfilling its primary role—providing coverage for those insureds unable …
Since it’s inception in the early 19th century, the surplus lines industry has played a significant role in the insurance world: providing the buyer with insurance not available in the standard, admitted markets. As noted by William R. Feldhaus in …
To many insurance professionals, surplus lines policies are a mystery. Many think of it as a coverage for strange risks with odd provisions. But getting a grasp on surplus lines coverage is not difficult. Let’s take a short walk through …
Swett & Crawford chairman David Hartoch has seen a number of changes in the excess and surplus industry during his decades in the business. As he approaches retirement in December, Hartoch took time out to talk with Insurance Journal and …
Munich Re, the world’s largest reinsurer, announced several measures to strengthen its reserves in order to anticipate possible additional claims related to the WTC attacks, and to bolster the capitalization of its U.S. subsidiary, American Re, and both the stock …
Now that floodwaters in Central and South Texas have begun to recede, officials are anticipating hundreds of millions of dollars in damages to residential and commercial property at a time when the state’s homeowners and commercial property markets are already …
It is said that Missouri is the “show me” state. If that’s true then most independent agents must be from Missouri because when it comes to technology solutions, agency owners and their producers and CSRs need to “see it to …
An investigation by the California Bureau of Automotive Repair (BAR), the Kings County District Attorney’s Insurance Fraud Unit, and the CDI Criminal Investigations Branch’s Fraud Division led to the conviction of Lemoore auto repair business owner Kenneth Darrel Jones for …
James Keith Simpson, of Palm Springs, was sentenced to five years in state prison by the Indio Superior Court, after pleading guilty to one count of insurance fraud. He was also ordered to pay $11,128.84 in restitution to Mercury Insurance …
The California Department of Insurance (CDI) arrested three northern California residents on multiple counts. Patricia Anne Okuniewicz, 40, of San Jose, surrendered on 10 counts of insurance fraud, one count of embezzlement and grand theft, and one felony count of …
