Surplus Lines News

Sotheby’s, Russians, Theft: Insurer Must Defend in High-End Miami Realty Suit

In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar Kevin Durant’s penthouse in …

Demystifying Specialty, Wholesale, Surplus Lines and Specialty-Admitted Insurance

Subrogation professionals are often required to deal with a variety of insurance companies, including those admitted or licensed to transact business in a particular state and those which are not. Understanding the difference can assist the claims handler and subrogation …

Surplus Lines Premium on the Rise in Texas

The amount of surplus lines insurance premium written in Texas rose by 25 percent as of the end of October compared with the same period the year before, signaling a boost to companies operating in this sector. The state of …

Kenneth Russo Joins ASI as Vice President – Excess Casualty

Ken Russo has joined American Safety Insurance as vice president – Excess Casualty Underwriting and will be responsible for the expansion of ASI’s excess casualty products. Russo has forty years of experience in the casualty underwriting market. Prior to joining …

Chaney: Insurance Pact Should Bring $16M to Mississippi

A new agreement on surplus lines insurance means Mississippi should get about $16 million in tax revenue of which about $10 million will go into the state’s wind pool, according to Insurance Commissioner Mike Chaney. Chaney, speaking Thursday in Pascagoula, …

Atlantic Specialty Lines of Florida hires Shane Fowler, AAI, CLCS

Clearwater, FL, 6/9/11 – Atlantic Specialty Lines, Inc. Shane joins ASL of FL handling placement of all lines of commercial coverage for the Surplus Lines market. He has a concentrated expertise in construction related risks as well as hospitality, environmental, …