Texas, the nation’s third largest state in terms of surplus lines premiums, has enacted legislation that in theory allows the state to keep all the premium taxes generated by the surplus lines industry.

Hackers, identity thieves and lawsuits are making big headlines--and offering agents ample opportunities to discuss coverage needs, especially with clients in the miscellaneous professional liability category.

Typhoon Ma-on is weakening as it heads east into the Pacific after striking Tokushima Prefecture, Japan yesterday, causing an estimated $250 million in insured damages.