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California Processes 15.5% Fewer Surplus Line Premiums

According to Surplus Line Association of California (SLA) it has processed $1.9B in premium for the first 6 months of 2010, a decrease of 15.5% compared to the same period in 2009. The total number of policies filed with the SLA from January 1 through June 30, 2010, was 209,545, representing 4% decrease compared to the 2009  – first 6 month policy count.

SLA expects it will process $3.8 billion in premium for the year, if the trend continues.

Year-to-date, U.S. based insurers wrote 76.4% of the California surplus line premiums, while Lloyd’s, London based insurance tycoon company wrote 17.1% and all other foreign insurance companies wrote 5.4%

The top 10 surplus line brokers in California are:

Rank Broker Premiums Processed (in Millions) % of Total
1 Risk Specialists Companies Insurance Agency Inc. $131.8 6.92%
2 Swett & Crawford $114.2 5.99%
3 Aon Risk Insurance Services West Inc. $112.6 5.91%
4 AMWINS Insurance Brokerage of California LLC $105.7 5.55%
5 Marsh USA Inc. $105.3 5.52%
6 Hart, Anthony Joseph $90.5 4.75%
7 CRC Insurance Services Inc. $58.8 3.08%
8 Crump Insurance Services Inc. $51.7 2.71%
9 Worldwide Facilities $48.8 2.56%
10 Lockton Companies LLC $47.8 2.51%