Part 2/6:
According to the U.S. Insurance Information Institute, the combined volume of business in the excess and surplus (E&S) market has surged since 2018. In fact, E&S premiums are projected to reach a remarkable $3 billion in 2024, a substantial increase from just $1.2 billion six years prior. Although homeowners now have access to more insurance options, this influx has not come without a cost.