{"id":285,"date":"2024-02-24T02:35:12","date_gmt":"2024-02-24T02:35:12","guid":{"rendered":"https:\/\/slaannualreport.com\/2023\/?page_id=285"},"modified":"2024-02-25T14:24:48","modified_gmt":"2024-02-25T14:24:48","slug":"ceo","status":"publish","type":"page","link":"https:\/\/slaannualreport.com\/2023\/ceo\/","title":{"rendered":"ceo"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;chair&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;25px||||false|false&#8221; custom_padding_tablet=&#8221;25px||||false|false&#8221; custom_padding_phone=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; background_color=&#8221;#000b4f&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;#000b4f 46%|#1c008c 100%&#8221; background_image=&#8221;http:\/\/slaannualreport.com\/2023\/wp-content\/uploads\/sites\/2\/2024\/02\/london.jpg&#8221; background_blend=&#8221;overlay&#8221;][et_pb_row custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; max_width=&#8221;1200px&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; custom_padding_tablet=&#8221;||10px||false|false&#8221; custom_padding_phone=&#8221;||5px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; disabled_on=&#8221;on|off|off&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; header_font=&#8221;||||||||&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;50px&#8221; header_font_size_tablet=&#8221;40px&#8221; header_font_size_phone=&#8221;25px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1 style=\"text-align: center;\">MESSAGE FROM THE CEO<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; positioning=&#8221;none&#8221; width=&#8221;60%&#8221; width_tablet=&#8221;80%&#8221; width_phone=&#8221;100%&#8221; width_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_code _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<iframe loading=\"lazy\" src=\"https:\/\/player.vimeo.com\/video\/916181020?badge=0&#038;autopause=0&#038;player_id=0&#038;app_id=58479\" width=\"1920\" height=\"1080\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture\" title=\"A message from our CEO Benjamin McKay\"><\/iframe>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; disabled_on=&#8221;on|off|off&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;0px||||false|false&#8221; custom_padding_tablet=&#8221;0px||||false|false&#8221; custom_padding_phone=&#8221;0px||50px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;90deg&#8221; background_color_gradient_stops=&#8221;#521468 0%|#bf3728 17%|#2a9fc7 39%|#274ab2 58%|#f4385a 82%|#f96f34 100%&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; min_height=&#8221;8px&#8221; min_height_tablet=&#8221;10px&#8221; min_height_phone=&#8221;5px&#8221; min_height_last_edited=&#8221;on|phone&#8221; max_height=&#8221;8px&#8221; max_height_tablet=&#8221;10px&#8221; max_height_phone=&#8221;5px&#8221; max_height_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; width_tablet=&#8221;85%&#8221; width_phone=&#8221;85%&#8221; width_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;50px||0px||false|false&#8221; custom_margin_tablet=&#8221;30px||||false|false&#8221; custom_margin_phone=&#8221;20px||||false|false&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text content_tablet=&#8221;<\/p>\n<p style=%22text-align: center;%22>%22Why? The why for the SLA is maintaining a healthy, fair and competitive marketplace.%22<\/p>\n<p style=%22text-align: center;%22><b>Benjamin McKay<br \/><\/b>CEO &#038; Executive Director, SLA<\/p>\n<p>&#8221; content_phone=&#8221;<\/p>\n<p style=%22text-align: left;%22>%22Collaboration breeds relationships and those relationships are ultimately built on trust and loyalty. The SLA has created that with the CDI and its members.%22<\/p>\n<p style=%22text-align: left;%22><b>Janet Beaver<br \/><\/b>Board Chair, SLA<\/p>\n<p>&#8221; content_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;24px&#8221; text_line_height=&#8221;1.6em&#8221; text_font_size_tablet=&#8221;20px&#8221; text_font_size_phone=&#8221;15px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\">&#8220;Why? The why for the SLA is maintaining a healthy, fair and competitive marketplace.&#8221;<\/p>\n<p style=\"text-align: center;\"><b>Benjamin McKay<br \/><\/b>CEO &amp; Executive Director, SLA<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#000b4f&#8221; custom_padding=&#8221;0px||||false|false&#8221; custom_padding_tablet=&#8221;0px||||false|false&#8221; custom_padding_phone=&#8221;0px||||false|false&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; disabled_on=&#8221;on|on|off&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;90deg&#8221; background_color_gradient_stops=&#8221;#521468 0%|#bf3728 17%|#2a9fc7 39%|#274ab2 58%|#f4385a 82%|#f96f34 100%&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; min_height=&#8221;8px&#8221; min_height_tablet=&#8221;10px&#8221; min_height_phone=&#8221;5px&#8221; min_height_last_edited=&#8221;on|phone&#8221; max_height=&#8221;8px&#8221; max_height_tablet=&#8221;10px&#8221; max_height_phone=&#8221;5px&#8221; max_height_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; max_width=&#8221;1200px&#8221; custom_margin=&#8221;70px||0px||false|false&#8221; custom_margin_tablet=&#8221;20px||||false|false&#8221; custom_margin_phone=&#8221;10px||||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;|10px|0px|10px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text content_tablet=&#8221;<\/p>\n<h1 style=%22text-align: center;%22>An Ounce of Prevention is Worth A Pound of Cure<\/h1>\n<p>&#8221; content_phone=&#8221;<\/p>\n<h1 style=%22text-align: left;%22>An Ounce of Prevention is Worth A Pound of Cure<\/h1>\n<p>&#8221; content_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; header_font=&#8221;|||on|||||&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;50px&#8221; header_line_height=&#8221;1.1em&#8221; header_font_size_tablet=&#8221;40px&#8221; header_font_size_phone=&#8221;25px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; header_line_height_tablet=&#8221;1.1em&#8221; header_line_height_phone=&#8221;1.3em&#8221; header_line_height_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1 style=\"text-align: center;\">An Ounce of Prevention is Worth A Pound of Cure<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; max_width=&#8221;1200px&#8221; custom_margin=&#8221;30px||0px||false|false&#8221; custom_margin_tablet=&#8221;0px||||false|false&#8221; custom_margin_phone=&#8221;0px||||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;10px|10px|0px|10px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;1.3em&#8221; text_line_height=&#8221;1.55em&#8221; header_font=&#8221;Open Sans|600|||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;2.5em&#8221; header_line_height=&#8221;0.9em&#8221; header_2_font=&#8221;|||on|||||&#8221; header_2_text_color=&#8221;#FFFFFF&#8221; header_2_font_size=&#8221;56px&#8221; custom_padding=&#8221;||0px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>One of the three superordinate goals that guide the SLA is 100% compliance. This aspirational goal is of the highest importance because if our industry is fully compliant with all applicable laws and regulatory requirements, we believe that a healthy, fair and competitive surplus lines insurance marketplace will naturally be the result.<\/p>\n<p>This is why in 2023, we chose to focus on our membership rather than simply analyzing policies for compliance. We instituted our Member Value Program\u2014another of our three superordinate goals\u2014by which we assigned each of our most productive brokerages to specific data teams, who will work with them and their filers and, we hope, begin identifying potential compliance issues before we even receive an incorrect filing. It is far more efficient for everybody involved if we catch filing errors before they happen than correcting them after they occur.<\/p>\n<p>It is more important to stay ahead of compliance issues than ever. In 2023, our data analysis team analyzed 946,000 filings, a record for surplus lines filings in California. Going forward, we anticipate receiving more than 1 million filings in 2024. That is a lot of cleanup on the back end, for both our team and our members\u2019 filing teams, if we do not catch errors up front.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.23.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;1.3em&#8221; text_line_height=&#8221;1.55em&#8221; header_font=&#8221;Open Sans|600|||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;2.5em&#8221; header_line_height=&#8221;0.9em&#8221; header_2_font=&#8221;|||on|||||&#8221; header_2_text_color=&#8221;#FFFFFF&#8221; header_2_font_size=&#8221;56px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>In addition to the Member Value Program, we instituted a new, shorter and more efficient Diligent Search Report (SL-2 form) at the end of 2023. This will ease the process for filers and, we hope, also result in fewer errors.<\/p>\n<p>Ultimately, this more efficient process, based on building relationships with our members, will result in a more compliant surplus lines marketplace, which in turn provides regulators with confidence that our industry is functioning as it is supposed to function. This makes for a better regulatory environment and enables our members to do business more efficiently and effectively\u2014and that is what we are here at the SLA to facilitate.<\/p>\n<p>As we head into 2024, I wish all of our members, stakeholders, employees and friends a successful year.<\/p>\n<p>Sincerely,<br \/><strong>Benjamin J. McKay, J.D., M.P.A.<\/strong><br \/>CEO and Executive Director<br \/>Surplus Line Association of California<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#000b4f&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; custom_padding_tablet=&#8221;0px||||false|false&#8221; custom_padding_phone=&#8221;0px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_direction=&#8221;90deg&#8221; background_color_gradient_stops=&#8221;#521468 0%|#bf3728 17%|#2a9fc7 39%|#274ab2 58%|#f4385a 82%|#f96f34 100%&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; min_height=&#8221;8px&#8221; min_height_tablet=&#8221;10px&#8221; min_height_phone=&#8221;5px&#8221; min_height_last_edited=&#8221;on|phone&#8221; max_height=&#8221;8px&#8221; max_height_tablet=&#8221;10px&#8221; max_height_phone=&#8221;5px&#8221; max_height_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; max_width=&#8221;1200px&#8221; custom_margin=&#8221;25px||0px||false|false&#8221; custom_margin_tablet=&#8221;20px||||false|false&#8221; custom_margin_phone=&#8221;35px||||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px|0px|30px|0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||||false|false&#8221; custom_css_main_element=&#8221;margin:auto;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|600|||||||&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;25px&#8221; header_line_height=&#8221;1.2em&#8221; custom_margin=&#8221;||10px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1>AN OUNCE OF PREVENTION IS WORTH A POUND OF CURE<\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.24.2&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;1.3em&#8221; text_line_height=&#8221;1.55em&#8221; header_font=&#8221;Open Sans|600|||||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;2.5em&#8221; header_line_height=&#8221;0.9em&#8221; header_2_font=&#8221;|||on|||||&#8221; header_2_text_color=&#8221;#FFFFFF&#8221; header_2_font_size=&#8221;56px&#8221; custom_padding=&#8221;||0px|||&#8221; hover_enabled=&#8221;0&#8243; text_font_size_tablet=&#8221;1.3em&#8221; text_font_size_phone=&#8221;1em&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p>One of the three superordinate goals that guide the SLA is 100% compliance. This aspirational goal is of the highest importance because if our industry is fully compliant with all applicable laws and regulatory requirements, we believe that a healthy, fair and competitive surplus lines insurance marketplace will naturally be the result.<\/p>\n<p>This is why in 2023, we chose to focus on our membership rather than simply analyzing policies for compliance. We instituted our Member Value Program\u2014another of our three superordinate goals\u2014by which we assigned each of our most productive brokerages to specific data teams, who will work with them and their filers and, we hope, begin identifying potential compliance issues before we even receive an incorrect filing. It is far more efficient for everybody involved if we catch filing errors before they happen than correcting them after they occur.<\/p>\n<p>It is more important to stay ahead of compliance issues than ever. In 2023, our data analysis team analyzed 946,000 filings, a record for surplus lines filings in California. Going forward, we anticipate receiving more than 1 million filings in 2024. That is a lot of cleanup on the back end, for both our team and our members\u2019 filing teams, if we do not catch errors up front.<\/p>\n<p>In addition to the Member Value Program, we instituted a new, shorter and more efficient Diligent Search Report (SL-2 form) at the end of 2023. This will ease the process for filers and, we hope, also result in fewer errors.<\/p>\n<p>Ultimately, this more efficient process, based on building relationships with our members, will result in a more compliant surplus lines marketplace, which in turn provides regulators with confidence that our industry is functioning as it is supposed to function. This makes for a better regulatory environment and enables our members to do business more efficiently and effectively\u2014and that is what we are here at the SLA to facilitate.<\/p>\n<p>As we head into 2024, I wish all of our members, stakeholders, employees and friends a successful year.<\/p>\n<p>Sincerely,<br \/><strong>Benjamin J. McKay, J.D., M.P.A.<\/strong><br \/>CEO and Executive Director<br \/>Surplus Line Association of California<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MESSAGE FROM THE CEO &#8220;Why? The why for the SLA is maintaining a healthy, fair and competitive marketplace.&#8221; Benjamin McKayCEO &amp; Executive Director, SLAAn Ounce of Prevention is Worth A Pound of CureOne of the three superordinate goals that guide the SLA is 100% compliance. 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