News

Bryan Young, Director of Agent and Insurer Services at FSLSO, will give a special presentation to LAAIA on November 13, FSLSO launches new Market Data Reports, and an update on SLIP+.

We are thrilled to announce that FSLSO has been named a 2024 Business Insurance Best Places to Work, ranking #6 in the Small Business Employer Category!

October premium reached $1.2 billion, reflecting a 13% increase over October 2023 and remaining consistent with the positive trend seen in September.

The Florida Surplus Lines Speaker Series kicked off with a packed house of over 150 attendees, including students from FSU’s Dr. William T. Hold/The Alliance's Program in RMI and the FSU College of Business. This event, a collaboration between the FSLSO and the Florida Surplus Lines Association, set the stage for insightful discussions on Florida’s surplus lines industry.

The Office of Insurance Regulation issued amended emergency orders regarding Hurricanes Helene and Milton, adding policyholder protections for those impacted by the storms.

Due to the anticipated impacts of the storm, FSLSO will close at noon EDT on Thursday, September 26 through Friday, September 27. All filing platforms are operating as normal.

We are closely monitoring Tropical Storm Helene, which is currently located in the Caribbean.

Coverys Limited (NAIC#: AA-1120233) and Berkley Luxury Insurance Company (NAIC#: 17673) were approved by the Florida Office of Insurance Regulation to be listed as a Federally Authorized Surplus Lines Carrier.

The FSLSO team visited Fort Lauderdale for the Fall Customer Forum this week. There was no shortage of conversation as we reviewed trends in the industry and shared market insights. A group discussion featured several filing matters.

The number of Florida claims from Hurricane Debby, filed within 10 days of the storm, stood at almost two-thirds of the number of claims filed from Hurricane Idalia in a three-month period.

The excess and surplus lines market continues to attract more business six years into a period of sustained rate hikes for many lines of commercial property/casualty insurance coverage.

Florida's E&S market remains notably variable as August premium totals peaked at $1.2 billion, a 4% decrease from August 2023. Policy count, however, showed a 9% increase over August 2023, reaching a total of 121,576.

The excess and surplus lines property insurance market defies 2023 predictions, with rate decreases gaining momentum, according to Risk Placement Services.

The Florida Office of Insurance Regulation (OIR) provided notice to insurers to file a Simplified 2024 Catastrophe Reporting Form (CRF) through the Insurance Regulation Filing System (IRFS). Data must be provided in accordance with the deadline below.

New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer.