June 2022

Texas Surplus Line Reporter

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

Articles

Record S/L premium growth continues

Record S/L premium growth continues

May was another record breaking month for filings with the Surplus Lines Stamping Office, with just under $1.19 billion in premium reported during the month.Year-to-date total is $4.41 billion. May reporting was 34.3 percent greater than May 2021, and the year-to-date...

Texas Farm Bureau wins customer service acclaim

Texas Farm Bureau wins customer service acclaim

When J.D. Power released its 2022 U.S. Auto Insurance Study on June 13, it announced the highest customer satisfaction award for Texas Farm Bureau Insurance Companies, which placed the highest over all other Texas auto insurers. This marked the 11th consecutive year...

Is it ethical to use personal data to combat fraud?

Is it ethical to use personal data to combat fraud?

On June 9, Washington, D.C. headquartered The Coalition Against Insurance Fraud announced the launch of its study addressing the ethical use of data for anti-fraud purposes.The Coalition’s Ethical Use of Data in Fighting Insurance Fraud Study will be conducted over...

P/C industry stable despite 2021’s underwriting loss

P/C industry stable despite 2021’s underwriting loss

In 2021, U.S. insurers experienced a $3.8 billion net underwriting loss, having had a $5.2 billion underwriting gain in 2020. The loss comes despite earned premium growth of 7.4 percent. The loss is attributable to an 11.1 percent growth in incurred losses and loss...

Florida’s property market needs free market solutions

Florida’s property market needs free market solutions

The Florida Special Legislative Session on insurance reform has adjourned. While lawmakers and the governor may boast of the insurance reform they accomplished, an ALIRT research analyst rejects their bragging rights.The May 19 webinar, Florida Property Insurance...

Lloyd’s reports record success and a return to a sound profit

Lloyd’s reports record success and a return to a sound profit

London ViewsBy LEN WILKINSLondon CorrespondentPlans for Lloyd’s members to attend the market’s 2022 Annual General Meeting in person were changed at the last moment because climate activists threatened to disrupt the meeting. Thanks to Zoom, the meeting went ahead led...

Are you ready for the next disaster?

Are you ready for the next disaster?

If you’re raking ashes in California or ripping out sheetrock and carpets in Louisiana, you are disaster-wise. We grow through adversity. If you have never lived through a disaster, you are probably, with all due respect, dumb, fat and happy. Today I want to make you...

NOAA finding: Air pollution provides storm resistance

NOAA finding: Air pollution provides storm resistance

Reducing human-caused air pollution in North America and Europe brings a surprise result: more hurricanes. The National Oceanic and Atmospheric Administration study that revealed the surprising result was published May 11 in the journal titled Science Advances.The...

News In Brief

News in Brief

News in Brief

OBITUARY Robert Crosby, executive director of the Independent Insurance Agents of San Antonio, passed away on June 6. Crosby, 77, spent over 50 years in the insurance industry as an agency owner with Faught Insurance in Houston and Crosby, Bigelow, Fitzgerald...