H. James Griffith elected President of NAPSLO

H. James Griffith of Princeton Risk Managers, Inc., Princeton, New Jersey has been elected President of the National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO).

NAPSLO member firms elected slates of Officers and Directors during the Annual Business Meeting, on Saturday, September 13, at the NAPSLO Annual Convention at the San Diego Marriott Hotel & Marina.

Jim Griffith is President of Princeton Risk Managers, Inc., which he founded in 1974, and is a U.S.Correspondent at Lloyd's of London. He has served as Chairman of the IIANJ State Legislative Committee,

the New Jersey Surplus Lines Association Legislative Committee, and the State of New Jersey Commission to Study Commercial Insurance Deregulation. He has also served on the IIABA Federal Affairs Committee.

Mr. Griffith was elected to the NAPSLO Board in 1997 and was elected an officer in 2000. He has also served as President of the New Jersey Surplus Lines Association. He attended Rutgers University and the

Wharton School (Risk Management), and has been an instructor for the Society for Certified Insurance Counselors.

The following individuals were nominated as new NAPSLO officers:

President - H. James Griffith, President, Princeton Risk Managers, Inc., Princeton, New Jersey.

Vice President - Richard L. Polizzi, ASLI, President & CEO, Western Security Surplus Insurance Brokers, Inc., Pasadena, California.

Secretary - Lawrence M. Wesson, Jr., President and COO, U.S. Risk Insurance Group, Dallas.

Treasurer - William H. Newton, President and owner, Lemac & Associates, Los Angeles.

Nominated for a new three-year term on the NAPSLO Board was Dale H. Pilkington of Colony Insurance Company, Richmond, Va.

Renominated for new three-year terms on the NAPSLO board are: Mr. Griffith, Mr. Wesson, G.

Stephen Allen, CPCU, ASLI, CRC Insurance Services, Inc., Raleigh, North Carolina; and Patricia H. Roberts, CPCU, General Star Indemnity Company, Stamford, Connecticut.

Directors are nominated for three-year terms on the Board. Officers are nominated for a one-year term.

BACKGROUND

NAPSLO is a national trade association representing the surplus lines insurance industry. Surplus lines is a specialized segment of the insurance business that is also referred to as nonadmitted, specialty and/or excess lines. Risks are placed with the surplus lines market when they cannot be placed in the admitted/licensed market.

NAPSLO represents surplus lines insurance agents/brokers and surplus lines insurance companies. NAPSLO has over 1,200 member offices in the United States, Canada, Germany, and England.