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 …
California’s Insurance Commissioner Dave Jones today applauded Governor Jerry Brown for signing legislation, sponsored by the Department of Insurance, which allows California to implement provisions in a new federal surplus lines insurance law. California, like all other states, had until …
Members of the Non-Admitted Insurance Multi-State Agreement coalition are proud to welcome Alaska to the NIMA group. Insurance Director Linda Hall signed on behalf of Alaska, which collected $109 million in excess and surplus lines premium in 2009. With the …
David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is mving into his new role as president and chief executive officer of Chartis for the …
Legislative measures passed during the special session of the 82nd Legislature that impact the insurance industry in Texas have been signed by the governor. On July 19, Gov. Rick Perry signed Senate Bill 1 and Senate Bill 2, which finalize …
California is expected to pass surplus lines regulations before July 21, 2011. On that date, the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) becomes effective, and only the “insured’s home state” may tax surplus lines premium and regulate surplus …
A 47-year-old Harlingen man was sentenced to more than three years in federal prison for a scheme to defraud a Rio Grande Valley hospital of more than $3.8 million by selling it nonexistent and altered insurance policies. Judge Keith P. …
Clearwater, FL, 6/9/11 – Atlantic Specialty Lines, Inc. Shane joins ASL of FL handling placement of all lines of commercial coverage for the Surplus Lines market. He has a concentrated expertise in construction related risks as well as hospitality, environmental, …
The Surplus Line Association of California Stamping Office announced premiums processed for the first quarter of 2011 of $953.7 million, a decrease of 4.34 percent from the total premiums processed in the same period in 2010. However, the item count …
Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during February 2011 resulted in fines and restitution totaling $920,170. The Texas Department of Insurance announced that the actions included six license revocations and three license denials. Numerous …
