BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

E&S premiums grow 11% in 2018: Report

E&S premiums grow 11% in 2018: Report

Excess and surplus lines premiums in the U.S grew 11.3% to $31.4 billion in 2018, according to a report from the Surplus Lines Stamping Office of Texas.

Five other states saw double-digit premium increases in 2018: Nevada (23.9%), Washington (23.1%), California (16.5%), Florida (10.9%) and New York (10.6%).

Fifteen U.S. surplus lines service/stamping offices administrate surplus lines insurance filings with various responsibilities, according to the Texas office.

The economy and growth in the state of Nevada has had a huge effect on the state’s surplus lines industry, according to Lynn Twaddle, executive director of the Nevada Surplus Lines Association, the report said.

Filings increased 7.5% in 2018 to 4.4 million transactions, the report said.

In the last 10 years, the market has grown 48.2% in premium recorded, according to the Texas office.

“Nationwide, the positive trends point to a healthy industry that continues to support specialty insurance endeavors across the nation, and with the abundance of capital, interest rate changes and a competitive marketplace, the familiar challenging environment will also continue,” Norma C Essary, CEO of SLTX, said in the report.



Read Next

  • Ample capacity keeps E&S rates down

    It is still a buyer’s market for excess and surplus lines, with significant capacity and continuing rate declines — although there have been rate hikes in select lines — say experts, who generally predict the overall soft market will continue for the foreseeable future.