Premiums written by the U.S. excess and surplus lines market fell nearly 5 percent to $11.5 billion in the first-half of 2010, according to a report prepared by Highline Data exclusively for National Underwriter.
Transportation attorney Robert Moseley sees insurers neglecting to charge premium for an exposure they incur when they write policies for interstate motor carriers for hire.
A new government system monitoring motor-carrier safety will achieve a long-term goal of reducing crashes, experts agree, but it may have a short-term impact of driving up loss severity for inattentive insurance carriers, some warn.
Premiums for commercial transportation insurance business continued falling for almost all types of accounts in the second quarter of 2010, but the number of insurers writing transportation business rose.
With the delivery of warning letters to motor carriers from the Federal Motor Carrier Safety Administration still months away, transportation insurers are struggling to determine how to react.
A new government system monitoring motor-carrier safety will achieve a long-term goal of reducing crashes, experts agree, but it may have a short-term impact of driving up loss severity for inattentive insurance carriers, some warn.
William R. Berkley, chairman of W.R. Berkley Corp., and Adam Stafford, senior project manager of market operations for Lloyd's, are featured speakers during next month's NAPSLO annual meeting.
The possibility of a turn in commercial insurance pricing and the certainty of major changes in the way the world's oldest insurance market does business are among the key areas being addressed at NAPSLO's annual conference.