Surplus lines premium in Texas is up by 11.99 percent compared with the end of the third quarter last year. The major line of Other Liability is up 8.67 percent, but the second highest line by total premium, Fire (including Allied Lines), was up 22.78 percent. The...
Following a bit of political pressure and discussion on expanding the data available for the independent actuary, the Actuarial and Underwriting Committee of the Texas Windstorm Insurance Association postponed action on a rate increase for residential and commercial...
Among his last acts as insurance commissioner, Kent Sullivan issued an order adopting a decrease in the stamping fee collected by the Surplus Lines Stamping Office of Texas. The decrease is from 0.15 percent to 0.075 percent of gross written premium. The order, signed...
Commissioner of Insurance Kent Sullivan left the office on Sept. 30 with a host of accolades for modernizing the Texas Department of Insurance and making it more accessible and more understandable to Texas policyholders and complainants. His recent actions in regard...
With direct premium written growing at 11.2 percent and surpassing the $50 billion mark, the surplus lines market segment set a new record in 2019, according to Best’s 27th Market Segment Report: Expanding Opportunities Bolster Surplus Lines Growth and Operating...
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