News

  • Florida’s E&S Market Hits $1.9B in Premium for May

    Jun 2, 2025

    Florida’s surplus lines insurance market continues to reflect signs of stabilization as we progress through the second quarter of 2025. The flattening trend observed in recent months remains consistent, underscored by a year-over-year premium decline of -6% for May. May closed with $1.9B in reported premium, a decrease from May 2024. Year-to-date premium through May reached $7.8B, reflecting a 0.6% decrease compared to the same period last year. This subtle shift continues to show a plateauing market.
  • Register for the Insurer Webinar!

    Jun 2, 2025

    The Florida Surplus Lines Service Office (FSLSO) is hosting a free online webinar next Thursday, June 5th from 2-3PM (EST). Join our Insurance Analyst Phillip Hardin for Florida Surplus Lines Insurer Reporting 101: Accurate. Timely. Compliant. This webinar covers Florida Statutes, insurer reporting requirements, SLIP+, common errors, and more! Register today and learn how you can continue to maintain compliance in Florida!
  • FSLSO On Tour is Headed Your Way!

    Jun 2, 2025

    The Florida Surplus Lines Service Office (FSLSO) is hosting a free customer forum and networking opportunity on July 2, 2025 at Fleming's Prime Steakhouse - Tampa, and you're invited! Meet FSLSO staff, connect with fellow industry professionals, and enjoy a complimentary lunch while learning about the latest regulatory updates and legislative changes. We’re excited to meet you – so secure your seat today!
  • Allied World Assurance and Surplus Lines Insurance Companies Increase from A to A+

    May 29, 2025

    As of May 22, 2025, both Allied World Assurance Company Inc. and Allied World Surplus Lines Insurance Company Inc. received increased ratings of excellent to superior from AM best. Both companies were recognized for their Financial Strength Rating (FSR) and Long-Term Issue Credit Rating (ICR). The rating increases are reflected by their strong balance sheet strength, operating performance, and effective risk management. They are further supported with improved underwriting ratios and increased investment income, pointing toward an overall stable rating.
  • Free Insurer Webinar June 5, 2025!

    May 29, 2025

    The Florida Surplus Lines Service Office (FSLSO) is hosting a free online webinar next Thursday, June 5th from 2-3PM (EST). Join our Insurance Analyst Phillip Hardin for Florida Surplus Lines Insurer Reporting 101: Accurate. Timely. Compliant. This webinar covers Florida Statutes, insurer reporting requirements, SLIP+, common errors, and more! Register today and learn how you can continue to maintain compliance in Florida!
  • How to Complete a Corrective Action Form Request

    May 29, 2025

    Corrective Action Form Request | SLIP+ Tips | Upcoming Due Dates
  • The Carrier | Insurer Webinar | SLIP+ Tips | Upcoming Due Dates

    May 29, 2025

    Join us on Thursday, June 5th from 2-3PM (EST) for Florida Surplus Lines Insurer Reporting 101: Accurate. Timely. Compliant. During this free webinar our Agent and Insurer Services team will cover Florida Statutes, insurer reporting requirements, SLIP+, common errors, and more! Please join us to learn how to maintain compliance in Florida.
  • Diligent Effort Requirement Repealed for Surplus Lines Placement in Late Passing Bill

    May 29, 2025

    Following negotiations between the House and Senate in the final days of the legislative session, House Bill 1549: Financial Services has been approved and is now headed to the Governor for signature. The bill repeals the requirement for a diligent effort when placing business in the surplus lines market. Other provisions of the eligibility to export law remain unchanged.
  • FL E&S Market Reports $1.96B in April 2025

    May 2, 2025

    Early 2025 Shows Plateau After Decade of Premium Growth | April Premiums Reach $1.96B Following a decade of significant premium growth that reached over $17 billion by 2024, Florida’s surplus lines market is exhibiting a plateauing trend in early 2025. Notably, April saw a 1% year-over-year decrease in premium volume, reaching $1.96 billion. Policy counts for the month stood at 145,044, a modest 1% increase compared to the previous year.
  • Florida E&S Market Reaches $1.5B in March and $3.98B for Q1

    Apr 3, 2025

    As we monitor Florida’s excess and surplus lines market data, all indications continue to show a flattening market with year-over-year growth rates in the low single digits. March premium totals neared $1.5B to close the quarter at $3.98B for the start of 2025.
  • March Madness: FSLSO in Jax, Customer Survey, I-Days & More

    Mar 21, 2025

    • Customer Forum • Survey • Insurance Days • Compliance Review • Parametric CC • Ice Bowl
  • Florida E&S Market Hits $1.14B for February 2025

    Mar 4, 2025

    The growth that has characterized Florida’s excess and surplus lines market over the past several years appears to be leveling off, according to the latest data. After a period of steadily decreasing growth rates throughout the latter part of 2024, the market has entered a phase of noticeable plateau, culminating in a flat start to 2025.
  • Payments & Affidavits Due, SLIP+ Info, Compliance Tips, & More

    Feb 14, 2025

    • Payments + Affidavits Due Feb 14 • SLIP+ Info • Compliance Tips • Welcome Interns • Customer Forum • FSLSO On The Road
  • Florida Surplus Lines Premiums Reach $1.36 Billion in January 2025

    Feb 4, 2025

    Florida’s surplus lines market began 2025 on a strong note, with January premiums totaling $1.36 billion, reflecting a 9% increase over January 2024. Policy submissions also saw notable growth, with 127,869 policies submitted, marking a 22% year-over-year increase.
  • Winter Storm May Impact Response Times

    Feb 4, 2025

    • Winter Storm May Impact Response Times • Invoicing + Affidavit Due Feb 14 • Start the New Year Strong: Mastering Transaction in Question (TIQ) Management with SLIP+ • SLIP+ TIP: Renewals and Backouts
  • December Premium Closes at $1.0B

    Jan 3, 2025

    Florida's Excess & Surplus market closed out 2024 with premium totals of $1.0 billion for December and over $17 billion for the year. The year closed with overall growth, though December premiums showed a near-flat gain of just 0.8%. For the full year, premiums rose 11% in a year-over-year comparison, similar to previous years.
  • November Premium Volume Below $1B

    Dec 5, 2024

    Premium totals in November stayed flat, with a 3% increase over 2023. Notably, this is the first month in 2024 that did not reach $1 billion in premium. Similarly, policy count increased by 1% in November, totaling 108 thousand.