Excess and surplus (E&S) lines insurance is basically another name for surplus lines insurance that is used by some carriers. The Bottom Line Individuals and businesses buy surplus lines insurance to protect themselves against financial risks that are too large or too rare for a regular insurance...
Due to the unique needs of our clients, we write policies with Surplus Lines / Non-Admitted Carriers. The excess and surplus lines, or non-admitted market is comprised of property and casualty companies that provide insurance that is unavailable to businesses in the standard or admitted market ...
Carriers of these highly specialized lines of insurance are not subject to federal regulation, but they are subject to state laws. The endorsements and exclusions used in this high-risk market are discussed.MelchiodeDirector with GallowayGerald A....
The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines office release by the Wholesale & Specialty Insurance Association (WSIA). 2023 premiums reflected a 14.6% increase over the record-breaking numbers...
Qualified Carriers Forms and Instructions Excel Form Webinars & Training Nonadmitted and Reinsurance Reform Act in Arizona Industry Links Surplus Lines Information Arizona Statutes on Surplus Lines -Click Here Arizona Department of Insurance Regulatory Bulletins on Surplus Lines -Click Here ...
the past year including a special section on the Non-Admitted and Reinsurance Reform Act and the steps surplus lines carriers and brokers should be taking now to ensure compliance with this groundbreaking legislation. This manual is also available in PDF format by clicking the link to the right....
E&S originated when those who needed insurance coverage were unable to secure it from the standard carriers (or "Admitted Carriers") due to a variety of reasons (for instance, a new entity, or one that does not have an adequate loss history; one that has unique coverage requirements; or ...
While a surplus lines carrier is generally not able to write surplus lines insurance in its state of domicile, many states are changing their laws to allow surplus lines carriers to issue policies in their state of domicile as Domestic Surplus Lines Insurers (DSLI), for which a carrier would...
complex or high-risk businesses that are unable to find insurance within the traditional or admitted market. The regulatory model tends not to be as strict as the framework for admitted carriers, which gives E&S businesses greater flexibility ...
Think of us as the cowboys of insurance. We are ready to tackle the job and find a way to get it done, on time. Peace of Mind Our carriers are financially strong and rank among the top in our industry. This strength allows us to offer the products you need with the speed in servic...