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