Parametric earthquake coverage and terrorism coverage are among the potential items on the 2019 Export List hearing being held next month by the California Department of Insurance. Adding a risk or coverage to the export list requires evidence there isn’t …
Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data collected by the California Department of Insurance. The data released this week from the CDI shows a 6% increase in …
The Surplus Line Association of California board has voted to adjust the stamping fee to 0.25%, effective Jan. 1, 2020, the group announced on Tuesday. The stamping fee has been set at 0.2% for seven years, the longest recorded period …
A new feature allowing agents and brokers to indicate whether or not an insured is a purchasing group is now available within the SLTX Electronic Filing System (EFS), the Surplus Lines Stamping Office of Texas reported. A “Yes” or “No” …
Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL …
Human error may have caused a crane collapse that killed four people and injured four others over the weekend, experts said Monday. Based on videos of the collapse, they said it appears workers who were disassembling the construction crane had …
Wildfires have evidently been driving more Californians into the surplus lines market, pushing up homeowners surplus premium volume to more than $122 million in 2018, according to the Surplus Line Association of California. “We have seen over the last five …
Senate Bill 538 passed from the Florida Senate’s Appropriations Subcommittee on Agriculture, Environment, and General Government on Tuesday, April 9. The bill, sponsored by Senator Jeff Brandes, R-St. Petersburg, will make updates to the regulatory framework of Florida’s surplus lines …
Brokers who file Texas surplus lines policies with SLTX will have until Feb. 28, 2019, at 5 p.m. central time to file any necessary adjustment forms or make corrections before the annual late filers report is produced, the stamping office …
New laws in Ohio will benefit Ohio consumers while further strengthening Ohio’s robust insurance market, according to Ohio Department of Insurance Director Jillian Froment. Among the changes made by Ohio’s legislature are sweeping cybersecurity reforms that will help to better …
