The surplus lines industry wrote just over $37 billion in property and casualty premium nationwide in 2008. Of that, Florida accounted for $4.3 billion, or more than 10 percent of the total direct premium written. Over the past several years, Florida has been one of the top five states in surplus lines premium volume. In 2008, Florida reported the third highest premium writings, behind only California and Texas. For the first six months of 2009, Florida has outpaced those states to earn top ranking with over $2.35 billion in reported premium in January-June.
In Florida, agencies and companies involved in the surplus lines industry are members of the Florida Surplus Lines Association (FSLA), one of the largest and most-active such groups in the nation. At FSLA's recent annual convention, Bruce Bowers of Hull & Co. in Ft. Lauderdale was installed as the organization's new president. Florida Underwriter spoke with him about FSLA's purpose and goals and the significance of surplus lines products in the Florida marketplace.
Q. Can you give us some basic information about the FSLA?
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