TX | The Surplus Lines Stamping Office of Texas (“SLTX”) recorded $1.6B in July. This represents a 13.5% increase over July 2023, and 11.4% increase year-to-date.
60.0% of premium reported (30.2% of items) is attributable to renewal policies, 36.4% (34.2% of items) to new business, and 3.6% (35.6% of items) to non-policy transactions. Furthermore, non-policy transactions are predominately Premium Endorsements (29,695 items or 70.4% of the 35.6%) and Cancellations (10,185 items or 24.2% of the 35.6%). Continue reading.