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Bond of Surplus Line Broker to the General Treasurer of the State of Dbr Ri  Form

Bond of Surplus Line Broker to the General Treasurer of the State of Dbr Ri Form

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foreign [Music] David can you share some background on the role of surplus lines and insurance simple science is often referred to as the safety valve of the insurance Market licensed insurers always have first run at any risk with certain exceptions but when licensed insurers won't or can't cover a risk that's when Surplus line steps in they take the crumbs off the license companies table in effect what are some of the new types of coverage being written in the Surplus lines market today a few categories of risks are often insured in the Surplus lines Market um new or evolving lines of coverage for instance cyber insurance was once new back in the late 90s and it was written in Surplus lines but it's constantly evolving risk so well the licensed companies have made some forays into covering cyber risk constant dance back and forth between hackers and what they can do and how they can monetize their hacking efforts and the people who are trying to fight them and the insurers who are tr

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