Illinois saw the highest premium growth at more than 40%, according to the Wholesale & Specialty Insurance Association. Other states seeing premium growth above 25% were Arizona (37.7%), Florida (25.92%), Nevada (25.69%), New York (25.83%), North Carolina (34.7%) and Oregon (26.93%), according to data from U.S. stamping offices. (Credit: wei/stock.adobe.com)
U.S. surplus lines reached new records in terms of premium levels and transactions in 2021, according to the Wholesale & Specialty Insurance Association (WSIA). Data from U.S. stamping offices showed premiums increased 22%, reaching $51 billion. Transactional totaled 5.3 million, representing a year-on-year increase of nearly 7%.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
