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Regulatory Changes In '08 Major Concern For E&S Market

WASHINGTON--Lobbying for passage of federal legislation aimed at modernizing the regulation of the surplus lines market along with companion state compacts will be the major focus of excess and surplus

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WASHINGTON–Lobbying for passage of federal legislation aimed at modernizing the regulation of the surplus lines market along with companion state compacts will be the major focus of excess and surplus lines associations in 2008, association executives said.

The major piece of federal legislation toward that goal, the Nonadmitted and Reinsurance Reform Act (H.R. 1065), was passed by the House of Representatives last June.

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