The midyear report attributes the growth in this area to the fact that admitted insurers are withdrawing from certain markets, leaving the E&S market as a solution for those who don't fit the standard market's appetite. (Credit: alphaspirit/Adobe Stock)
Surplus lines premium reached $39.5 billion with 3.2 million items filed in the first half of 2024, the U.S. Surplus Lines Service and Stamping Office shared in their 2024 Midyear Report. This demonstrates increases of 10.1% and 10.8% in premium and items respectively compared to the same period in 2023.
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