Surplus Premiums Slide But Underwriting Results Are Positive

A special report from A.M. Best Co. confirms what is being heard from the U.S. surplus lines insurance industry: the standard market remains a source of pricing pressure.

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NAPSLO Work Continues On E&S Reforms; State Action Still Needed

To Michael Byrne, a partner with the law firm of Dewey & LeBoeuf in New York, a particularly interesting aspect of the Nonadmitted and Reinsurance Reform Act is the fact that there is no federal agency to interpret the federal law.

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NAIC Confident Uniform Surplus Lines Distribution Set By November

Recommendations to the states for the collection of surplus lines taxes from insurance regulators should be in place by the National Association of Insurance Commissioners' November meeting, said the chairman of the NAIC Surplus Lines Task Force.

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Lloyd's Flagged To Insure Against NFL Player's Bad Hair Day

Lloyd's of London, known for insuring the body parts of celebrities and athletes, has insured the Samoan locks of Troy Polamalu of the National Football League's Pittsburgh Steelers for $1 million.

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Surplus Carriers Wait Their Turn

The surplus lines markets in several of the largest states, in terms of premiums, continue to wait. It's the cyclical nature of the business. In a soft market the policies go to the admitted market, leaving surplus carriers to vie for what little new business is available in this economy.

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More Securities Suits Ahead, Experts Say

Will soft pricing in the directors and officers insurance market continue in light of a second-quarter uptick in 2010 securities suits reported recently?

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