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Will we ever see a GL residual market? Seems to me that not only is having liability insurance for premises of properties, and operations of contractors a crucial thing for public protection, it also seems to me that getting coverage is unreasonably difficult for many operations. Thoughts? We've got Fair plans for property, and CAIP for auto, and assigned risk WC, why not GL?

Well WC and Auto have state regulations requiring insurance. Individuals are more protected in our society than our business owners. The business owners are too diverse in their operations to require insurance companies to mandate coverage. The surplus lines markets do an adequate job in providing coverage in a competitive environment. I have always been able to get multiple quotes for business risks. I do not see the necessity of having a different type of residual market than what the surplus lines companies provide.

Right on, mccluney. We do not need another government plan for insurance. Enough encroachment, already.