Excess and surplus lines insurance: What you need to know Homeowners Insurance By Shannon Martin 5 min read Does homeowners insurance cover hurricane damage? Homeowners Insurance By Natalie Todoroff 10 min
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 due to the unique characteristics and needs of the consumers. Much of the business generally accepted by s...
Excess Inventory: What It Is and 7 Ways to Manage It (2024) Getting rid of your excess inventory is a necessary part of any retail business. But it’s also an opportunity to improve your bottom line. So let’s take a look at seven ways to get rid of your surplus inventor...
In the small business insurance space, there are a lot of admitted products available now online. You can get digital quotes. That’s great—but, I’m interested in the next part related to Excess & Surplus lines.How can non-admitted products be digitized?I think that will move commercial ...
A non-admitted insurance carrier has not been licensed and is not regulated by the state’s department of insurance. Instead, these carriers, also known as excess and surplus insurance carriers or surplus lines insurance carriers, are regulated by the state’s surplus lines office, although t...
A common misconception is that nonprofit organizations are not allowed to earn a profit. In fact, they can generate surplus revenue, but it must be used exclusively to further the organization’s mission. Unlike for-profits, this excess cannot be distributed to shareholders or owners. Instead, ...
government's financial state, not individuals whose excess income is referred to as savings instead of budget surpluses. A surplus indicates that a government's finances are being effectively managed. The opposite of a budget surplus is a budget deficit, which commonly occurs when spending exceeds...
Improved agency renewal and new business written premiums due to higher renewal pricing are likely to have aided Excess and Surplus lines premiums. The Zacks Consensus Estimate for Excess and Surplus lines revenues is pegged at $165 million, indicating an improvement of 11.5% from the year-ago qu...
If you’re struggling to secure fire insurance in California, other viable options may be the FAIR Plan or choosing an excess or surplus lines insurer, depending on your circumstances. Property & casualty insurers Seven of the 12 largest home insurance companies in California have either completely...
Optimize working capital:Knowing your working capital requirement helps identify inefficiencies in managing your current assets and liabilities. This can help reduce excess inventory, negotiate better payment terms with suppliers, and improve your accounts receivable management. ...