October 2021
Surplus Line Reporter Texas
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and writing about this buisness for over 40 years.
Articles
S/L premium up by nearly 15 percent through Q3
Surplus lines premium in Texas is up by 14.97 percent compared with the end of the third quarter last year, with reported premium exceeding last year’s by nearly $900 million for the same time period. The major line of Other Liability is up 15.75 percent, with the...
Second generation Sammons installed as IIAD president
Adam Sammons cannot recall when the insurance business was not part of his life. His father, Charles Sammons, was an insurance agent since 1974, more than a decade before the younger Sammons was born. As a youngster, Adam Sammons helped with everything paper: filing...
Chairman Oliverson fields Texas PIA agents’ questions
House Insurance Committee Chairman Rep. Tom Oliverson, M.D., R-Houston, didn’t plan on being in the hot seat when presenting virtually to members of the Professional Insurance Agents of Texas on Oct. 6, but he fielded a few probing questions when he ended his prepared...
Summit session examines agent/wholesaler relationship
With plans canceled for its traditional RISExpo at the convention center in San Marcos, the Independent Insurance Agents of Texas moved its seminars to a virtual platform over two days in early October, switching the event’s name to RISE Virtual Summit. The statewide...
IIAT Rise Summit
While the worst case impact of Covid-19 on the insurance industry seems to have been averted, pandemic year 2020 affected the insurance market with decreases in written premium in some lines due to decreased economic activity. Fortunately, the 87th legislature passed...
The Tyranny of Maybe
By MICHAEL G. MANES Manes and Associates Years ago I was given a booklet titled The Tyranny of the Urgent written by Charles E. Hummel. Buy a copy, and read it regularly. The premise is simple: We spend too much time distracted by the urgent and too little time on the...
AM Best panelists review the valued role of surplus lines
Calling the surplus lines insurance market’s annual report card “stellar,” WSIA Executive Director Brady Kelley explained that the excess and surplus market segment experienced 17.5 percent growth in premium during 2020 over 2019. The surplus lines market is “double...
Renewal season finds insurers looking for rises and buyers looking for help
London ViewsBy LEN WILKINSLondon CorrespondentThe rule in London is that risks cannot be renewed within three months of coverage inception. This rule makes Oct. 1 the official start date of the 2021/2022 renewal season, but as usual, initial business will be slow....
The News In Brief
News in Brief
PEOPLE Gerald Ladner was named 2021 PIA National Company Representative of the Year. The award was announced on Sept. 23 during the annual fall meeting of the PIA National board of directors held in Detroit. Ladner is vice president of strategic agency partnerships...