National Underwriter Property & Casualty-Risk & Benefits Management, September 27th, 1993
The surplus lines insurance industry is growing dramatically, due to the rise in property insurance policies sold after Hurricane Andrew. The industry is focusing on specialized lines other than umbrella liability to adapt itself to the market. The entry into niche markets will enable surplus line companies to increase more rapidly. Lexington's premiums rose 2.7%, while Associated International Insurance Co reported a $12.2 million drop.
While the traditional insurance industry continues to struggle, the excess and surplus market is booming.
In 1992, total surplus lines premiums established ...
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