The members of the Surplus Line Association of California elected Janet Beaver as chair of the SLA board. Eligible members of the SLA elected her via an
California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest
In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.”
That was the message from Ben McKay, CEO and executive director of the Surplus Line Association of California, who said surplus lines premiums in 2020 in California grew 22.7%, while the surplus lines item count grew 8%, despite the pandemic that gripped the world.
The disparity in premium and item growth points to a potential hardening market, McKay added.
He was speaking during the group’s annual meeting held virtually in early February.