May 2022
Texas Surplus Line Reporter
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and writing about this business for over 40 years.
Articles
Record setting premium reported to SLTX in April
For the first time, one month of surplus lines premium reporting topped $1 billion. April premium reported to the Surplus Lines Stamping Office of Texas was $1.02 billion, an amount the stamping office called “unprecedented.”April 2022’s reported premium exceeded last...
TWIA committee prepares biennial report to legislature
In slightly less than two hours, the Legislative and External Affairs Committee of the Texas Windstorm Insurance Association moved to include in the board’s biennial report to the legislature 11 recommended changes in law, along with some discussion of public policy...
Jessica Hahn installed president of AAIP
Overcoming the toll that the last two years have dealt the Austin Association of Insurance Professionals and restoring membership numbers, finances and hands-on community service are Jessica Hahn’s main goals. Hahn was installed president of the local FIWT association...
Inflation could leave many homeowners underinsured
A new survey for the American Property Casualty Insurance Association (APCIA), conducted online by The Harris Poll among over 1,000 U.S. homeowners who have a homeowners insurance policy, revealed a majority of insured homeowners have not taken steps to ensure their...
A Louisiana court places Lighthouse in liquidation
On April 28, a Louisiana court declared the homeowners’ carrier Lighthouse Property Insurance Corporation insolvent and placed it into liquidation. Lighthouse was among the top 40 homeowners writers in Texas in 2020.When Lighthouse Property Insurance Corporation quit...
Every 21st century business has a data breach exposure
The world is different now. Information is valuable. Information falling into the wrong hands carries destructive potential. Jason Hayes, CIC, AIS, RT Specialty, addressed the members of the Federation of Insurance Women of Texas, to make them more familiar with data...
Thirty years later, credit scoring remains a hot issue
The arguments surrounding the issue of using a person’s credit score for rating personal lines policies have been around since the practice was first developed more than 30 years ago. R Street Institute, a Washington-based free market research organization, hosted a...
APCIA reports commercial prices rise amid inflation and legal system abuse
The American Property Casualty Insurance Association’s (APCIA) latest report, Commercial Insurance Rates Rising: What Business Owners Need to Know, examines the impact of inflationary pressures on commercial lines insurance and business owners. Skyrocketing inflation...
Existential threat to agents
It was 1975. While completing an application for malpractice insurance, a dentist told me his address was 12345 Main St. I commented on how simple it was. He shot back, “So simple even insurance agents can understand it.”In 1994, while speaking about managed care to a...
Association predicts Net Zero may double London market
London ViewsBy LEN WILKINSLondon CorrespondentYears ago, there was an organization called the Lloyd’s Brokers’ Committee. When Lloyd’s decided it would no longer approve Lloyd’s Brokers, the organization changed its name to the London and International Insurance...
News In Brief
News in Brief
PEOPLE Texas Specialty Underwriters announced that Michelle Carter, ACSR, has joined the Rockwall-based broker as a commercial property and general casualty underwriter. Carter has over 15 years of commercial insurance experience and will be underwriting Texas and...