The NRRAs national framework and establishment of home state regulation and taxation of surplus lines has produced tremendous benefits for the E&S industry.
The NRRA appears to be largely functioning as intended: simplifying compliance for multistate risks while not altering rates or risk appetite. But industry associations tell the GAO that some states are making eligibility requreiments beyond those called for in the law.
The NRRA appears to be largely functioning as intended: simplifying compliance for multistate risks while not altering rates or risk appetite. But industry associations tell the GAO that some states are making eligibility requreiments beyond those called for in the law.
Insurance agents had many fires to extinguish in 2013. Along with long-standing challenges such as competing with direct writers, recruiting top talent and staying ahead of the tech curve, agents also had to grapple with healthcare reform (as both employer and client advisor), carrier price and underwriting changes, and maximizing...
Tired of seeing the glass as half-empty? Industry insiders share their thoughts on how some of the big challenges facing agents and brokers are really big opportunities.
As millennials enter the insurance industry, they bring new methods, talents and skills that are unique to their generation. These 12 industry professionals have firmly established themselves as a valuable asset to agencies, even among the most experienced and respected agency veterans. Find out who made the cut for 2013.
The 2010 surplus lines modernization act is not interfering with the ability of state regulators to access financial data for surplus lines reinsurers regulated by other states, the Federal Insurance Office says in a new report.
The 2010 surplus lines modernization act is not interfering with the ability of state regulators to access financial data for surplus lines reinsurers regulated by other states, the Federal Insurance Office says in a new report.
As the non-admitted industry and the interest of its members in federal regulatory and legislative issues continues to grow, so does the federal Political Action Committee (PAC) of its trade group, the National Association of Surplus Lines Offices Ltd. (NAPSLO).
With his term as NAPSLO president drawing to a close, Matt Nichols reflected on the associations accomplishments of the last year. Nichols pointed to a number of ways in which the association has grown and expanded its offerings to members during his term.