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  2. Nonadmitted and Reinsurance Reform Act of 2010 - Wikipedia

    en.wikipedia.org/wiki/Nonadmitted_and...

    A surplus lines broker seeking to procure or place nonadmitted insurance in a state for an exempt commercial purchaser ("ECP") is not required to satisfy any state requirement to a make a due diligence search to determine whether the full amount or type of insurance sought by the ECP may be obtained from admitted insurers if: (1) the broker ...

  3. Burns & Wilcox - Wikipedia

    en.wikipedia.org/wiki/Burns_&_Wilcox

    Burns & Wilcox is an independent insurance wholesale broker and managing underwriter founded in 1969 by Herbert W. Kaufman. [1] Its corporate headquarters is located in Farmington Hills, Michigan. Burns & Wilcox, previously a public company, [2] is family run with Kaufman's son Alan Jay Kaufman serving as chairman, president, and CEO.

  4. Reinsurance - Wikipedia

    en.wikipedia.org/wiki/Reinsurance

    In a 9 line surplus treaty the reinsurer would then accept up to $900,000 (9 lines). So if the insurance company issues a policy for $100,000, they would keep all of the premiums and losses from that policy. If they issue a $200,000 policy, they would give (cede) half of the premiums and losses to the reinsurer (1 line each). The maximum ...

  5. Difference in conditions insurance - AOL

    www.aol.com/finance/difference-conditions...

    The National Flood Insurance Program (NFIP), for example, is one primary supplier of surplus lines policies, and it underwrites flood policies for homes across the country.

  6. Insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Insurance_in_the_United_States

    Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). [2]

  7. Can lawmakers save the collapsing Florida home insurance market?

    www.aol.com/finance/lawmakers-save-collapsing...

    Lexington Insurance is a surplus lines carrier focused on high-value homes with replacement costs over $1 million — leaving an estimated 8,000 policyholders searching for specialized coverage in ...

  8. Citizens Property Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Citizens_Property...

    Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...

  9. Is It Smart For Me to Have Multiple Health Insurance Plans? - AOL

    www.aol.com/smart-multiple-health-insurance...

    December 19, 2023 at 10:06 AM. A senior couple reviews the terms of multiple healthcare plans. While the phrase “two are better than one” applies to many situations, two health insurance plans ...

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