Reported premium in the Non-Admitted Insurance Multi-State Agreement (NIMA) exceeds more than $500 million in the year since the Surplus Lines Clearinghouse became operational a year ago, NIMA Inc. reported Tuesday.
Of the more than $531 million in premium reported to the Clearinghouse as of July 1, 2013, $281 million was directly allocated to the six participating member states and territories of NIMA. These include Florida, Louisiana, South Dakota, Utah, Wyoming and Puerto Rico.
Total non-NIMA state allocated premiums totaled $252 million. (Please see this reported breakdown for non-NIMA state premium allocation.)
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Elizabeth Festa
Elizabeth Festa is a longtime business and financial services reporter with a specialty in insurance regulatory and legislative coverage at the federal and state level. She is based in Washington, D.C.
