This week the FSLSO team was in Naples, Florida, for the Professional Insurance Agents (PIA) Annual Meeting & Trade Show. We loved chatting with customers and getting to know more about PIA.

FSLSO staff will manually review each unmatched transaction and attempt to match submissions made. When transactions cannot be matched or are missing, FSLSO will contact the agent for information and clarification.

When we request additional information, please provide a response and information quickly so we can resolve outstanding transactions and complete the process. Again, FSLSO is charged with conducting these programs, and the results must be periodically reported to the regulators…so, time is of the essence. We appreciate your assistance! 

AM Best Turns Negative on US Homeowners Insurance

Rating agency AM Best has cited higher reinsurance costs, higher reinsurance retention levels, elevated natural catastrophe and secondary peril costs, as well as rising loss costs, inflation, and supply chain disruptions as reasons it has turned its outlook to negative on the US homeowners insurance sector.

Citizens Insurance Looks for Average 11.5% Rate Hike in State

Citizens Insurance is looking for a new increase in rates and it would take effect right after hurricane season ends.

WSIA’s Kelley: Surplus Lines Sector, Marketplace Conference Continue to Set Records

Brady Kelley, Executive Director, WSIA, said this year’s conference drew more than 7,500 registrants, with the sector reporting $98 billion in premium for the previous year. 

WSIA in Focus: Four Questions the Wholesale Market Needs to Answer

The nature of the E&S ‘Golden Age’ is evolving. Property is doing more of the heavy lifting on rates and growth, while as noted in AM Best’s most recent landmark E&S report, overall growth at least recently has slowed.

Hurricane Idalia Insured Losses Approach $180 Million, Total Claims Near 20,000

Total estimated insured losses following Hurricane Idalia’s landfall last month have amounted to $178.7 million as of Thursday afternoon, with varying percentages of claims closed across different lines of business.