Regularinsurancecarriers, also called standard or admitted carriers, must follow state regulations concerning how much they can charge and what risks they can and cannot cover. Surplus lines carriers do not have to follow these regulations, which allows them to take on higher risks. A surplus line...
Reports on the possibility that admitted carriers may face problems in the surplus lines business. Fervor to get new insurance premium volume; Expansion of target markets in soft insurance cycle; Co...
“This was to be expected, given the decisions by numerous admitted carriers to stop writing new homeowners business in California,” said Ben McKay, CEO and executive director of the Surplus Lines Association of California. The largest premium market share of E&S personal property belongs to Flo...