Blog Articles

Annual Zero Filing Reports are Coming Due!

On average, surplus lines premium growth doubled in 2018, and the overall surplus lines industry is up 11.3%. According to the 2019 A.M. Best Market Segment Report, premiums reached $31.4 billion in 2018, up from $28.2 billion in 2017. Furthermore, the number of actual surplus lines filings grew by about 7.5%. Over the past 10 years, the surplus lines market has nearly doubled in size. Thi...

InsCipher Connect News Release

InsCipher Connect News Release Utah-based Surplus Lines Company Launches New Tax Filing Technology: InsCipher Connect Pleasant Grove, UT—Utah-based surplus lines tax filing company, InsCipher, has developed new technology, InsCipher Connect, designed to make surplus lines filings easier and more efficient for states, insurance agents, agencies and surplus lines tax filing agencies. InsCipher is a surplus lines and compliance so...

Impact of Hurricane Florence on Insurers

As Hurricane Florence worked its way towards the East Coast, many insurers feared the worst. Many of their concerns can be abated. Notwithstanding the extensive damage in some areas, the losses due to the Category 1 storm should be manageable.  As the storm approached the U.S. coastline, winds decreased to the point that it was downgraded to a Category 1 hurricane—many feared it would grow into a Category 5—and wind damage ended up being minim...

State Report Updates and Reminders

Please take note of the following changes and updates in the surplus lines filing process for the following states: Georgia: Quarterly reports filed in Georgia require a wet signature. As such, please make sure that all policies are submitted to the InsCipher team no later than the 5th of the month in which the report is due. All taxes included on the report must be paid in full prior to the filing of the quarterly report. You will receive an invoice for payments r...

The Latest on IBM’s Partnership With Marsh—Clients to Have Access to Salesforce

Insurance brokerage and risk management firm, Marsh, announced in a press release on Wednesday, Sept. 2, 2018, that its partnership with IBM will expand to include the use of the Salesforce platform. Using IBM’s Blockchain Platform and its strategic relationship with ...

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