Surplus lines premiums have risen significantly for the last five years. The official numbers for 2022 have now been calculated by AM Best. The 2022 hike was 19.2% higher than 2021.
The official dollar figure is $98.5 billion.
AM Best says the over 19% rise is in spite of awful weather and damages from that weather, regulatory restraints and the proliferation of litigation. Source link: Business Insurance — https://bit.ly/3rt3YI6
