With 2020 premium and stamping fee collections up by 14.0 percent at the end of last year, the Surplus Lines Stamping Office of Texas held a net cash position of $35.27 million at year-end, according to the annual audit completed by the CPA firm Calhoun, Thomson and...

With $334.88 million more in surplus lines premium reported for the first quarter of 2021 compared with the same period of 2020, the surplus lines market grew by 20.10 percent, exceeding last year’s overall growth by year-end of 13.98 percent. Last year’s first...

Ron Walenta, newest member of the Texas Windstorm Insurance Association board of directors, an inland representative on the board, observed, “If we buy too much (reinsurance) and we don’t use it, we’ll get criticized. If we don’t buy enough and we needed more, we’ll...

On April 2, Florida Commissioner of Insurance David Altmaier, advised the state’s chief financial officer in a letter that American Capital Assurance Company is insolvent and that its board of directors consented to an Order of Receivership. Under the order, American...

On March 22, the American Property Casualty Insurance Association released a report highlighting the harmful impact that rising commercial automobile litigation is having on businesses and consumers in Texas. The timing of the report was crucial to APCIA’s support of...

In the workers’ compensation claims arena, 0.4 percent of the claims account for 40 percent of all claims costs. These mega claims are at a 12-year high and add up to $2 billion each year in paid losses in the U.S. PropertyCasualty360 offered insurers insight in how...

On April 6, the American Property Casualty Insurance Association filed for an injunction against emergency regulations recently filed by Washington Insurance Commissioner Mike Kreidler. The association is adamant that Kreidler exceeded his authority when he...

BY ARINZE IFEKAUCHE Coalition Against Insurance Fraud   Ali F. Elmezayen was sentenced to 212 years in prison after driving himself, his ex-wife, and his two severely autistic sons off of a pier in Los Angeles. Elmezayen’s kids drowned to death in the backseat of...