As technology use and adoption grows
across all industries, and hackers become ever
more clever about how to co-opt that technology, specialty insurers must step up to help
supply solutions to ever-expanding exposures.
News and current events have caused
businesses in every sector to become more
sensitive to inclusivity and workplace behavior. Meanwhile, the demand for Abuse and
Molestation insurance is rising, particularly in
states where voters have extinguished litigation statutes of limitations.
And most especially in the United States,
SAN DIEGO | WWW.WSIA.ORG
BY ELANA ASHANTI JEFFERSON
As the tastes, trends and topics dominating contemporary society wax and wane, insurance and risk management evolve in turn.
In few places is this more true than in the
Excess & Surplus (E&S) insurance market,
where brokers are challenged to manage
some of the most pressing issues of the day
while responding to sporadically tighter market conditions, thanks to multibillion-dollar
catastrophe losses, subsequent rate hardening, and underwriting changes at some of
the world’s largest carriers and insurance CONTINUED ON PAGE 6
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E&S Specialty insurance brokers are
working harder than ever to manage
complex risks as surplus lines market
conditions begin to harden.
RATE AND FORM
markets — all while the industry’s players
continue to consolidate.
The surplus lines market saw more than $45
billion in premiums written in 2018, according to
Wisconsin insurance trial attorney Gary Wickert.
COVERING DIFFICULT RISKS
Here are just some of the contemporary issues
impacting the E&S insurance market:
As the legal cannabis industry continues
to expand across the U.S. as well as into some
pockets internationally, it largely falls to spe-
cialty carriers to safeguard what continues to
be a high-risk business.