Calif. Surplus Lines Sees Record Increase
NU Online News Service, Oct. 20, 9:21 a.m. EDT?The Surplus Line Association of California reported an 82 percent increase in processed surplus line premium for the first 9 months of 2003 compared to 2002.
Ted Pierce, executive director of the San Francisco-based association, said the $3.88 billion in premium is attributed to the continued impact of the hard market. The association wrote $2.14 billion in 2002.
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