L Squared Insurance Agency Blog: surplus lines
View the latest blog posts from L Squared Insurance Agency.
Friday, March 15, 2024 Both admitted and non-admitted insurers write the policy, accept the risk, and pay the claims. From the premiums collected and invested the insurer pools the premiums for claims and expenses associated with running an insurance company. So, what is the difference between an admitted and non-admitted insurer? READ MORE >>
Thursday, March 14, 2024 Policy forms and premium are important when selecting a Professional Liability Insurance policy. But Attorneys or Accountants should be concerned about selecting a strong malpractice insurance carrier. Insurance carrier AM Best Ratings only tell part of the story. The structure and backing of insurance carriers are not always equal. READ MORE >>
Friday, October 19, 2018Premium and the policy forms are important when selecting a professional liability insurance policy. But selecting the right malpractice insurer is paramount. When selecting an insurer you should consider: 1. What is the AM Best Rating and malpractice insurer size? READ MORE >>
Tuesday, August 21, 2018Admitted insurers are licensed by the individual states. An admitted insurer must get a license in any state where it wants to write policies. Each state’s insurance department regulates these insurers. The regulations will vary by state. Admitted/ licensed insurers must: 1. READ MORE >>
Monday, July 25, 2016Policy premium and the policy forms are very important when selecting a Professional Liability Insurance policy. But there is much more that an Attorney or Accountant should be concerned about when selecting a malpractice insurance carrier. A few of the items that you need to consider are: 1. READ MORE >>
Monday, July 18, 2016We are often asked to provide the AM Best Ratings for various carriers. Thought there might be an interest in the comparability of the different rating services ratings. The attach details that differences between the rating services ratings, IE “A” is not equal. READ MORE >>
Thursday, June 23, 2016This is an excellent article came from the Surplus Lines Association of Illinois describing Surplus Lines insurance carriers: In order to understand what surplus line insurance is, it is helpful first to understand a few things about the insurance marketplace and to understand what surplus line insurance is not. READ MORE >>
Friday, April 29, 2016Question from Law Firm: My Lawyers Professional Liability Insurance carrier non-renewed my policy because of a claim. Now all I can get is “Surplus Lines” or a non-admitted insurance carrier for a much higher premium than I used to have to pay. READ MORE >>
Friday, March 25, 2016Most Lawyers Professional Liability Insurance policies are written by admitted insurance carriers. Some because of the law firm’s areas of practice, firm makeup or claims/disciplinary activity will not be accepted by an admitted insurance carriers program. READ MORE >>
|
Blog Archive
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2013
2011
|
|