P&C Market Watch: Surplus & Excess Lines
What Happens if Your Carrier Leaves the Market? The insurance market is constantly evolving. Occasionally, a traditional “admitted” carrier (one licensed by the state) may decide to stop writing new business or exit a specific geographic area due to increased catastrophe risk or regulatory shifts. While a “non-renewal” notice can be stressful, it doesn’t mean your property is uninsurable. It often means your “risk story” has moved into the Surplus & Excess (E&S) Lines market.…
