E&S now accounts for over 20% of the overall insurance market in the state, showing the lack of alternative options in the admitted space. Independent agents wrote over $12 billion of E&S P&C premiums last year.

For every $1 of incremental fixed commissions carriers pay for Admitted General Liability in New Jersey – a market of $2.3 billion in direct premiums written – they yield approximately $2.5 in loss reduction, Pythia’s data shows. That’s a whopping 150% return on their investment.

Wildfires ravaging the Los Angeles metro area are bringing yet more pain to an already challenging environment for households, businesses and insurance carriers in California.

The Property & Casualty (P&C) insurance market reached new highs and historic milestones in 2024, surpassing $1 trillion in total premiums and exceeding $100 billion in Excess & Surplus (E&S) premiums. This remarkable growth reflects the industry's resilience, strategic shifts and the evolving landscape of risk management.