| National Underwriter's Guide to the E&S/Specialty Lines News |
RECENT E&S NEWSMany States Vague On Surplus Lines Compensation RulesRules for disclosure of compensation arrangements involving surplus lines brokers are ill-defined, according to an industry trade group representative.
House Spares Med Mal Insurers In Antitrust Bill The House overwhelmingly approved legislation repealing the antitrust exemption afforded health insurers through the McCarran-Ferguson Act, but kept the exemption in tact for medical malpractice insurers. NAPSLO Brokers Get In Gear For 2010 What are wholesale brokers doing differently in 2010? Several brokers attending the Mid-Year Leadership Forum of the National Association of Professional Surplus Lines Offices, Ltd. answered the question for E&S/Specialty Lines Extra recently, and gave their views on the pace of economic recovery in the regions and industries where they place business. Insurance Agents Angry Over U.S. Crop Program Changes Crop insurance carriers and independent agents say the U.S. Agriculture Department's latest proposed cuts in subsidies in the program as well as a "soft cap" on agents' commissions are both unwarranted and hurtful. Market Turn In 2010? It Ain't Gonna Happen, E&S Execs Say The market will harden—eventually—but a cycle turn is not in the cards for 2010, according to the consensus view of some NAPSLO members attending the Mid-Year Leadership Forum who shared their views with the E&S/Specialty Lines Extra. Markel Discusses Long-Term Strategy Tony Markel spoke to E&S/Specialty Lines Extra about the long-term strategy that transformed his company in 2009 and strengthened relationships with wholesaler brokers, also noting that the restructuring is giving the insurer an opportunity to review its wholesaler relationships on an agent-by-agent basis—a process that will probably result in severing some ties.
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