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According to the NOAA, as of September, 23 billion-dollar-plus climate disasters have struck the United States in 2023.
The organization fosters numerous opportunities to learn about surplus lines topics and trends.
WSIA's 2023 board members share lessons learned and what they love about working in E&S insurance.
Surplus lines carriers innovate rating processes to capitalize on the potential influx of business from the admitted market.
Wholesale insurers are empowered by the ability to respond to catastrophes with appropriate risk-based pricing.
In 2022, surplus lines carriers' share of total P&C industry premium reached an all-time high of 11.2%.
As natural forces and market conditions continue to evolve, the need for E&S will only grow.
The E&S marketplace continues to present fantastic growth opportunities, but the winds of change are blowing.
Inflation — combined with rising interest rates — has caused widespread disruption.
Specialty insurers loom large on the list, driven by capacity demands for property coverage.