Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …
Florida insurance agents should have an easier time placing commercial policies with surplus lines carriers under a new law that allows them to offer the coverage without first scouring the admitted market for the coverage. For years, Florida required retail …
Florida is prepared to join other states around the country in bring its surplus lines business in line with the federal Nonadmitted and Reinsurance Reform Act. Governor Rick Scott signed SB 1816 into law authorizing the Florida Office of Insurance …
