While we are unlikely to know the true state of the 2023 market until after the March 1 renewal cycle, we expect the hard market to continue with no softening in the foreseeable future. Read the full report here.
Category Archives: Industry News
2022 surplus lines premium growth sees another record-setting year
The 2022 annual report on surplus lines premium reported to the 15 U.S. surplus lines stamping and service offices was released today, and it shows continued surplus lines premium growth. Highlights from the 2022 annual report of the stamping offices include: Questions? Contact John Meetz, WSIA Sr. State Relations Manager at firstname.lastname@example.org.
The Ripple Effect of Social Inflation and Nuclear Verdicts on the Insurance Industry
Social inflation is an issue that continues to gain intensity – but what does it mean for our industry? The term describes the convergence of societal and legal trends to the tune of increased litigation, broader definition of duty to care, legal decisions tipping in the plaintiff’s favor, and larger jury awards. In turn, we’reContinue reading “The Ripple Effect of Social Inflation and Nuclear Verdicts on the Insurance Industry”
U.S. Surplus Lines Insurance Market Size to Reach $125.92 Bn by 2027 at 15.2% CAGR
Allied Market Research published a report, titled, “U.S. Surplus Lines Insurance Market by Coverage (General Business Liability Insurance, Allied Lines Insurance, Fire Insurance, Inland Marine Insurance, Commercial Multi-Peril Insurance, Commercial Auto Insurance, and Others), Distribution Model (Retail Agents, Wholesalers, and Others), and Application (Commercial and Personal): Country Opportunity Analysis and Industry Forecast, 2020–2027.” According toContinue reading “U.S. Surplus Lines Insurance Market Size to Reach $125.92 Bn by 2027 at 15.2% CAGR”
AM Best highlights 2020’s surplus lines market opportunities
To borrow words from one surplus lines thought leader: ‘There are many possibilities before us in a dynamic and challenging market.’ By Elana Ashanti Jefferson | September 14, 2020 View entire article
20 Things to Know About Surplus Lines Insurance in 2020
As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a new, fresh look at many of the statutory and regulatory standards applicable to surplus lines insureds, brokers and insurers alike. By Zachary Lerner | FebruaryContinue reading “20 Things to Know About Surplus Lines Insurance in 2020”