Premium growth in surplus lines appears to be slowing, but still growing. The first quarter ended with $2.2 billion in premium, showing a first quarter premium growth of 10.01 percent compared with 2021. Last year’s first quarter premium growth was 20.1 percent over...
On March 31, the board of directors of the Surplus Lines Stamping Office of Texas voted unanimously to retain the 0.075 percent stamping fee rate for 2023, a reduced rate that went into effect for all policies with inception dates after Jan. 1, 2021. Nearly two years...
Austin accounting firm Calhoun, Thomson and Matza’s audit report for the 2021 year financials of the Surplus Lines Stamping Office included high marks for the agency’s financial records, information and management’s cooperation. The audit was completed on Feb. 22 and...
By 2025, through telemetrics, 25 percent of cars involved in collisions will be carrying the information needed to establish negligence for the accident, and half the time insurers will receive first notice of the loss when the accident occurs. These were among the...
“If you fail to prepare, prepare to fail.” That is how Fred Karlinsky concluded his presentation on March 7 about cybersecurity insurance at LDI Conference 2022 hosted by the Louisiana Department of Insurance in New Orleans at the Higgins Hotel, part of the World War...
Rates for almost all homeowners across the U.S. increased in the first quarter of 2022, regardless of the geographic location or value of the home, according to MarketScout’s Market Barometer. For homes below $1,000,000 in value, rate increases of 5.3 percent were...
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