Wednesday, August 14, 2013

Surplus Lines Premium Growing According to Stamping Offices

 The Surplus Lines Stamping Office of Texas issued a report showing the 14 states with stamping offices saw growth in surplus lines premium during the first six months of 2013 relative to the same period in 2012. While the report indicates growth of 21.2% in total, it is heavily influenced by a large amount of prior years’ return premium transactions processed by New York in 2012. When excluding New York for this anomaly, the remaining stamping offices reported a 15.1% increase in 2013 premium compared to prior year. This report is now available by clicking here.  

 The report of calendar year 2012 to 2011 comparisons is also available illustrating a 0.9% increase in 2012 premium volume. When excluding New York and its 2012 return premium transaction anomaly, the remaining stamping offices reported an 11.8% increase in premium. To view the report of 2011 to 2012 data, click here.  

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