February 2021
Surplus Line Reporter Texas
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Articles
TDI unveils its legislative package for 87th session
The Texas Department of Insurance unveiled its top recommendations for changes to state law in a report required by law in late December. The 14-page 2020 Biennial Report to the legislature includes seven recommendations for the 87th Texas Legislature to consider,...
Annual Joe Vincent Management Seminar held virtually
With coronavirus cautions remaining prevalent, the Independent Insurance Agents of Texas opted to host its 58th annual Joe Vincent Management Seminar virtually. Over the course of three days, 600 agency owners and managers were treated to three keynote presentations,...
Lawyer lawmakers from the coast file bills to alter TWIA
Two state representatives, both attorneys, who have voiced opposition to any rate increases at public meetings of the Texas Windstorm Insurance Association have taken to filing bills affecting the association's ability to raise rates, despite the board's statutory...
III panel: Will 2021 be any less turbulent for insurers?
They all agreed. None of them could have predicted the turbulence of 2020, with its extensive wildfire damage, record tornado activity, civil unrest, COVID-19 pandemic, Atlantic storms named into the Greek alphabet with 12 making landfall, economic shutdowns,...
Stamping offices processed $41.7 billion in E&S premium
Excess and surplus lines premium recorded by the 15 U.S. surplus lines stamping and service offices exceeded $41.7 billion in 2020, a 14.93 percent increase over the nearly $36.3 billion reported for 2019. Texas held its position as the second largest E&S premium...
Trump commutes two insurance sentences
Among the pardons and sentence commutations former President Donald J. Trump issued before he left office, one commutation went to a man serving the longest ever prison term for a white collar crime (835 years), and another went to a man who was known as the "King" of...
Insurers lose COVID-19 BI appeal in U.K., Orient Express defense fails
London ViewsBy LEN WILKINSLondon CorrespondentInsurers' appeal to the U.K.'s Supreme Court relative to their refusal to pay nonphysical damages under businesses interruption policies has failed in what has been described as the most important insurance decision in...
Manes recalls early lessons of insurance career
EDITOR'S NOTE: The following column was first published in January 2018 by Insurance Thought Leadership and is reprinted here with permission of the author. By MICHAEL G. MANES Manes and Associates Feb. 14 will be the 45th anniversary of my first employment in the...
The News In Brief
News In Brief
PEOPLE Bill E. Harrison Jr., TASA Risk Solutions in San Antonio, was awarded the Big I's prestigious Woodworth Memorial Award for his uncommon dedication to the insurance industry and to the association. Harrison grew up in the insurance industry, working in the...