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 …
Surplus Lines — 2022 Numbers 19% Higher than 2021 Read More »
The U.S. Surplus Lines Service and Stamping Offices said the first six months of 2023 saw surplus lines premiums hit close to $36 billion. That’s a 16% jump compared to the first six months of 2022. The premium increase broke last year’s record-breaking mid-year total of $31 billion and a 32.4% increase. The number of …
The Wholesale & Specialty Insurance Association (WSIA) said surplus lines premiums set a record in 2022. The income of $63.32 billion topped 2021’s figures by 24.1%. The number of transactions tallied drove the increase. WSIA said transactions jumped 6.9% to 5.6 million. The largest increase came from the PIA Western Alliance state of California and …
