July 2021

Texas Surplus Line Reporter

We are insurance industry professionals working
and writing about this business for over 40 years.

Articles

Gaylon Brown installed as chairman of IIAT at InsurCon

Gaylon Brown installed as chairman of IIAT at InsurCon

The Independent Insurance Agents of Texas elected Gaylon Brown, TexCap Insurance, to serve as chairman for 2021-2022 during the business meeting of InsurCon, IIAT’s annual convention held this year in Round Rock, June 23-25. Brown is CEO and managing partner of TexCap...

IIAT honors leadership and service to insurance industry

IIAT honors leadership and service to insurance industry

“It’s nice to see someone when I’m talking,” said Robert Nitsche, the Nitsche Group, as he performed his final duties as 2020-21 chairman of the Independent Insurance Agents. Nitsche made the surprise announcements of the 2021 annual award recipients and formally...

Surplus lines writings top results of all prior midyears

Surplus lines writings top results of all prior midyears

With $639.5 million more in surplus lines premium reported for the first half of 2021 compared with the first half of 2020, the Texas surplus lines market grew by 16.23 percent, a stronger growth than the 13.41 percent last year, surpassing midyear growth numbers for...

MarketScout sees some rates moderating

MarketScout sees some rates moderating

The composite rate for commercial insurance in the second quarter of 2021 increased 5.9 percent compared to 7.0 percent in the first quarter, according to MarketScout’s recently released Market Barometer. There were adjustments in commercial lines rates as measured by...

Strong building codes critical to reducing storm damage

Strong building codes critical to reducing storm damage

A strong building code is critical to reducing the damage and destruction caused by hurricanes each year. On the first day of the Atlantic hurricane season, the Insurance Institute for Business and Home Safety released the 2021 edition of Rating the States, its...

APCIA refutes Washington commissioner’s blame game

APCIA refutes Washington commissioner’s blame game

On July 1, the American Property Casualty Insurance Association issued a statement in an attempt to refute what Washington Insurance Commissioner Mike Kreidler told consumers in defense of his ban on the use of credit scores in rate making.  Association VP for...

Pandemic brings insurance blind spots

Pandemic brings insurance blind spots

In recognition of National Insurance Awareness Day June 28, The Hanover Insurance Group Inc. commissioned a survey that analyzed how the pandemic has changed Americans’ personal lives and whether they have made the adjustments necessary to maintain effective insurance...

Gravity is a law! – A 13 year look back

Gravity is a law! – A 13 year look back

By MICHAEL G. MANESManes and AssociatesEditor’s note: This article was originally written in 2008 when the bottom was falling out of the U.S. economy and the housing market was collapsing. Gravity is a law: It’s not a political philosophy, strategy, tactic, or...

News In Brief

News In Brief

News In Brief

PEOPLE Westchester, Chubb’s wholesale excess and surplus insurance business, announced July 6 that it has appointed Thomas McLaughlin executive vice president of its casualty practice. McLaughlin will have oversight of product and business development, underwriting...