A Firm Foundation: How Insurance Supports the Economy

Surplus Lines By State

The surplus lines market, a group of highly specialized insurers exists to provide coverage that is not available through licensed insurers in the standard insurance market. Each state has surplus lines regulations and each surplus lines company is overseen for solvency by its home state. A number of states maintain lists of eligible surplus lines companies and some keep a list of those that are not eligible to do business in that state. In addition, depending on the state, the surplus lines agent or broker, who must be licensed, is responsible for checking the eligibility of the company.

For the many thousands of businesses that rely on some level of surplus line protection to keep their doors open, surplus lines is an important segment of the market. In 2016, surplus lines accounted for about 14.1 percent of the U.S. commercial lines market, up from 6.3 percent in 1995, according to a September 2017 A.M. Best report.

Top 10 States By Gross Surplus Lines Premiums, 2016-2017

($ millions)

Rank  State 2017 2016
1 California  $7,233.7 $8,224.6
2 Texas  5,566.9 5,285.2
3 Florida  5,252.5 4,952.1
4 New York  4,056.5 3,722.0
5 Illinois  1,488.3 1,406.2
6 Louisiana  1,414.0 1,381.2
7 Pennsylvania 1,261.5 1,214.8
8 Georgia  1,167.4 1,087.4
9 Massachusetts  983.9 952.6
10 Washington  899.5 824.7

Source: Business Insurance (www.businessinsurance.com), September 2018.

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Gross Surplus Lines Premiums By State, 2017 (1)

($ millions)

State Total all lines
Alabama  $554.0
Alaska  120.1
Arizona  557.9
Arkansas  NA 
California  7,233.7
Colorado  806.9
Connecticut  583.7
Delaware  140.3
District of Columbia  246.4
Florida  5,252.5
Georgia  1,167.4
Hawaii  255.7
Idaho  NA 
Illinois  1,488.3
Indiana  473.3
Iowa  291.2
Kansas  227.9
Kentucky  215.7
Louisiana  1,414.0
Maine  95.5
Maryland  497.3
Massachusetts  983.9
Michigan NA 
Minnesota  538.4
Mississippi  400.4
Missouri  670.3
Montana  100.4
Nebraska  157.9
Nevada  307.6
New Hampshire  144.4
New Jersey NA 
New Mexico  110.1
New York  4,056.5
North Carolina  732.6
North Dakota  105.2
Ohio  NA 
Oklahoma  325.0
Oregon  376.5
Pennsylvania  NA 
Rhode Island  140.3
South Carolina  629.6
South Dakota  59.8
Tennessee  618.1
Texas  5,566.9
Utah  281.1
Vermont  72.9
Virginia  701.1
Washington  899.5
West Virginia  131.6
Wisconsin  368.6
Wyoming  64.3
United States $40,164.7

(1) Business Insurance survey.

NA=Data not available.

Source: Business Insurance (www.businessinsurance.com), September, 2018.

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