National Underwriter's Washington Bureau Chief Arthur D. Postal speaks with NAPSLO Executive Director Brady Kelley about the state of the surplus-lines market, the association's response to the implementation of NRRA, and what the future will hold for NIMA, among other topics.
Q: Do you believe the surplus lines business is growing?
A: A.M. Best's “2012 Special Report on U.S. Surplus Lines” illustrates consistent surplus-lines premium from 2010 to 2011, with anticipated growth in 2012. It appears the market is shifting a bit, although nothing dramatic has occurred to date. Many of our members anticipate surplus-lines writings will grow in the coming several years, but this will be dependent upon the overall insurance market cycle.
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