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"Foreign companies writing surplus lines here--some points to consider".

The January 1906 edition of Best's Review warned against placing surplus lines risks with unadmitted foreign companies. The report noted that the "fad" of buying insurance from foreign insurers began in the 1890s when more than 150 Lloyd's organizations "blossomed forth in New York City, and anything remotely resembling a policy of insurance found a ready sale throughout the country." It also questioned how smaller foreign insurers who are not worthy of the confidence of the insuring public" managed to secure considerable business.
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Title Annotation:100 YEARS AGO IN BEST'S REVIEW
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 1, 2006
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