Excess and surplus lines premium jumps 28% in 2003.At year-end year-end also year·end
The end of a year.
Occurring or done at the end of the year: a year-end audit.
Noun 1. 2003, direct premium volume for the surplus-lines industry increased by approximately ap·prox·i·mate
1. Almost exact or correct: the approximate time of the accident.
2. 28%, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a Special Report by the A.M. Best Co. Surplus lines companies provide insurance unavailable to consumers in the standard or admitted market due to the unique characteristics and needs of the insureds, such as day-care centers day-care center: see day nursery. and nursing homes. The A.M. Best Special Report "Excess and Surplus 2004," says the increased premium volume reflects increased rates during the hard market in addition to the migration of business from the standard market to surplus lines.