Each of the 15 stamping offices reported premium increases for mid-year 2020 with eight states reporting double-digit percentage increases. While transaction counts were down overall, nine states reported increases. (Wholesale & Specialty Insurance Association)
Midyear surplus lines premium assessments reported by the 15 stamping and service offices in the United States illustrated the strong momentum the excess and surplus lines market had as 2020 began as well as the creeping impact of the COVID-19 pandemic as the year unfolded.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
