February 2011
W. Brown & Associates Newsletter

Recent Happenings
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SLA News

The California Surplus Lines Administration has upped the minimum capital and surplus reserve.

 

Click Here to read more

 

W. Brown Happenings

 

W. Brown continues to see a large uptick in the number of personal lines submissions coming in the door. 

 

Have any rental cabins or secondary/seasonal homes in the mountains, brush fire, or mud slide areas?

 

Click Here to talk with Roz
Greetings!
We'd like to take this opportunity to thank you for your continued support in 2010. The year started with a new addition to our Underwriting Team, continued with the acquisition of Vulcan E&S, and ended on a high note as W. Brown was 1 of 3 California wholesalers appointed with a new upstart Insurance Company. We look forward to an exciting 2011. 
Ins. Investment in Iran Drops 70%   via InsuranceJournal.com
70%
In 2010 the California Department of Insurance introduced a Barred Iran Investment List - licensed insurers would no longer receive credit on financial statements submitted to the department for any investments held in a company on the list. As a result, investment in these companies dropped from $1 Billion in 2009 to 164 million.


Click Here to read more.

United States Opens Product Safety Office In China   via InsuranceJournal.com
Cargo
Whether it's lead paint on children's toys or Chinese drywall eroding interior electrical work and making people sick, Chinese products have a cloud hanging over them due to poor safety regulations and government oversight.

In order to combat this the US has announced that we will be opening a Products Safety Office in China. Click Here to read more.

A CA Storm Could Cost up to $300BStorm
U.S. Geological Survey published recent findings that said a massive California storm, and the resulting flooding, could cause 3 times the damages as "The Big One" (earthquake).

They went on to say that public utilities could take weeks or even months to restore.

Click Here to Learn More.