Apr 27, 2024 View in Browser

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A Message From the Editor

In recent years, the surplus lines sector has seen its share of the California home insurance market fluctuate from nearly 60,000 policies in 2018 to a low of 20,000 in 2021. Since its 2021 dip, the sector has steadily increased its market share.
In one of today’s lead stories, Ben McKay of the Surplus Lines Association of California discusses how admitted carriers pulling back in the state impacts the non-admitted market, California’s FAIR Plan and how agents can place policies in the surplus lines sector.

– Steve Hallo, managing editor

 

Q&A

How surplus lines can help California's troubled home insurance market

By Steve Hallo

Discover why the surplus lines sector has been growing its California home insurance market share in recent years. Read More

 

Slideshow

5 cyberthreats to watch in 2024

By Ashley Hattle-Cleminshaw

The 2024 Cybersecurity Benchmarking Survey shows top cyber concerns for insurers and policyholders. Read More

 

Commentary

Navigating the complexities of representations and warranties insurance

By Daniel Simnowitz

RWI helps facilitate smoother transactions by transferring transaction-related risks to insurance carriers. Read More

 

News

Cargo owners may bear portion of damages from Baltimore bridge accident

By Chris Strohm

The owner of the cargo ship involved in Baltimore's bridge disaster declared 'general average.' Read More

 

News

Chubb expanding in pet insurance sector with Healthy Paws purchase

By Steve Hallo

Healthy Paws launched in 2009 and currently covers more than half a million dogs and cats in the U.S. Read More

 

Analysis

Weather science, risk modeling and the 2024 hurricane season

By Christine G. Barlow, CPCU

Here's what spring 2024 weather patterns and computer modeling signal about the coming hurricane season. Read More

 

Market Insights

'Funflation' and the need for innovative ticketing-protection solutions

By Darcy Rittinger

Higher costs for live events coupled with risk-averse consumers mean ticketing platforms are eager for insurance partners. Read More

 

News

Ivans: Q1 2024 renewal rates inch up

By PC360 Staff Writer

The results underscore the industry's ongoing hard market conditions. Read More

Resources

The Ultimate Guide to SMS/Text Messaging Compliance

Sponsored by: gryphon.ai

This guide empowers insurance carriers and risk managers to navigate complex regulations, safeguarding their brands from costly SMS and text messaging penalties. Learn More

WEBCAST DATE: April 25, 2024

"Salvaging" Every Opportunity for Subrogation Recovery

Join us for an insightful webinar delving into the pivotal role of salvage pricing on auto subrogation recovery. Our panel of subrogation experts will discuss new data and recent trends, shedding light on the profound impact of salvage costs on insurance claims, and sharing perspectives, predictions, and recommendations for claims professionals to address common pain points and improve subrogation performance. Learn More

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