FSLSOFlorida Surplus Lines Service Office
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"We appreciate the efforts and participation of all the other NIMA member states in this joint venture and look forward to the continued relationship with the FSLSO.
FSLSO market data reports reveal that in 2008 new business totaled $754 million.
According to the 2010 annual report of the FSLSO, the latest available, the clearinghouse lost $2.131 million that year.
FLAU: According to the Florida Surplus Lines Service Office (FSLSO), no new carriers entered the Florida E&S market in 2010.
According to Florida Surplus Lines Service Office (FSLSO) data, commercial general liability premium in Florida has declined 40 percent from year-end 2006 to year-end 2009.
According to the FSLSO, taxable premium for 2009 was $3.5 billion for combined agent and independently procured coverage.
"It is no surprise to see such limited multi-state business among our agent population, as Florida is not a state that is heavily saturated in large, nationally dispersed companies," commented FSLSO Executive Director Gary Pullen.
FSLSO also presented a continuing education panel and class on insurance company financial reviews.
At year-end, she will retire from FSLSO. She generously spoke to us about Florida's surplus lines industry past and present, her best moments, greatest achievements, and plans for the future.
In the second quarter of this year alone, FSLSO reported that 11 resident and 19 non-resident agents have come aboard.
FSLSO's education program includes classroom-taught courses as well as online offerings, giving students various opportunities to learn more about Florida's surplus lines market and earn valuable education hours.
In 2009, personal lines premium in Florida was approximately $250-275 million, down from over $300 million in 2008, according to the FSLSO. This was due in part to the current economic conditions, including the number of homes that have been foreclosed.