Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online, has launched an online jewelers block program. The program is available in all 50 states on an admitted basis with an “A” rated XV carrier. …
Top 10 U.S. Excess, Surplus Insurers of 2010 by Market Share According to SNL Financial: American International Group Zurich Financial Services Ltd. Nationwide Mutual Group ACE Ltd. W.R. Berkley Corp. Markel Corp. CNA Financial Corp. QBE Insurance Group Ltd. Alleghany …
A new regulation that goes into effect in New York this month will force excess line insurers to triple their minimum policyholders surplus to $45 million by the middle of 2013. For eligible excess line insurers already in the state, …
Freedom Specialty Insurance Co. has launched its First Choice excess policy form. The coverage includes: Policy follows “followed policy,” easy to ensure terms match the “followed policy” Reduction or exhaustion of underlying limits coverage section includes wording for payment by …
WIAA Insurance Services, the general agency arm of the Western Insurance Agents Association (WIAA) has expanded their relationship with MarketScout Wholesale (MSW) and a select excess and surplus carrier. WIAA Insurance Services and MarketScout have been partners since 2007. This …
The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve taken on in the past few years. The reason? …
It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme competition from the standard markets, and a bad economy left wholesale and retail agents scrambling to retain …
Surplus line insurers should not be subject to California Constitution Section 28 taxes to the state, according to a California Court of Appeal decision that notes that these nonadmitted insurers already pay surplus line premium taxes. The conflict arose when …
New York regulators say the plan to re-launch a Lloyd’s-style exchange in the city is forging ahead, but they’re looking to hand the reins to the insurance industry to take the lead in building it. The plan for a revitalized …
