The Flood Insurance Market Parity and Modernization Act aims to preserve the surplus lines market's ability to provide supplemental coverage options that go beyond NFIP.
Upon reflection of NAPSLO's more than 40-year history of providing networking opportunities, regulatory and legislative advocacy, and education and career development programs, I believe the industry's future is very bright and well-positioned for continued growth and opportunity.
In addition to providing a premier networking and meeting venue for member firms, the 2015 NAPSLO Mid-Year Leadership Forumset for Feb.23-25 in Miamiwill also offer attendees insights into an important issue facing many insurance-industry leaders.
The NRRAs national framework and establishment of home state regulation and taxation of surplus lines has produced tremendous benefits for the E&S industry.
The NRRAs national framework and establishment of home state regulation and taxation of surplus lines has produced tremendous benefits for the E&S industry.
The surplus lines industry is healthy, with slight growth anticipated for the coming year. The last nine years indicate that companies are financially stable, which points to a proven business model that shows the value and importance of surplus lines and the wholesale distribution system in the insurance industry.
In the 18 months since Congress passed the Nonadmitted and Reinsurance Reform Act (NRRA), the NAPSLO Board, Legislative Committee and staff have been hard at work, with the help of stamping offices and state associations, advocating for the laws proper implementation.