{"id":4978,"date":"2026-07-09T21:27:59","date_gmt":"2026-07-09T21:27:59","guid":{"rendered":"https:\/\/www.insuracarelife.com\/blog\/brown-riding-launches-hnw-practice-as-wealth-outpaces-coverage\/"},"modified":"2026-07-09T21:27:59","modified_gmt":"2026-07-09T21:27:59","slug":"brown-riding-launches-hnw-practice-as-wealth-outpaces-coverage","status":"publish","type":"post","link":"https:\/\/www.insuracarelife.com\/blog\/brown-riding-launches-hnw-practice-as-wealth-outpaces-coverage\/","title":{"rendered":"Brown &#038; Riding launches HNW practice as wealth outpaces coverage"},"content":{"rendered":"<div>\n<p>Brown &amp; Riding has launched a national private client practice to help retail agents place high-net-worth personal lines risks into a market where the two forces shaping demand are moving in opposite directions. The US minted more than 440,000 new millionaires in 2025 &#8211; over 1,200 per day and nearly half of all new millionaires worldwide, according to the UBS Global Wealth Report 2026 &#8211; while admitted carriers have simultaneously pulled back from high-value personal lines in the states where much of that wealth is concentrated. California, Florida and Texas represent the sharpest expression of that contradiction: three of the highest HNW population states are also the three where admitted carrier retreat has been most aggressive, pushing affluent personal lines into the surplus market at precisely the moment demand is growing. Personal lines surplus premiums reached $81 billion nationally in 2024, up 12.1% per data from state stamping offices, as admitted carriers restricted or exited coverage in high-risk markets.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brown &amp; Riding has launched a national private client practice to help retail agents place high-net-worth personal lines risks into a market where the two forces shaping demand are moving in opposite directions. The US minted more than 440,000 new millionaires in 2025 &#8211; over 1,200 per day and nearly half of all new millionaires [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2250,292,4000,1680,4001,2409,3999,3841],"class_list":["post-4978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-brown","tag-coverage","tag-hnw","tag-launches","tag-outpaces","tag-practice","tag-riding","tag-wealth"],"_links":{"self":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/4978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/comments?post=4978"}],"version-history":[{"count":0,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/4978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media\/4979"}],"wp:attachment":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media?parent=4978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/categories?post=4978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/tags?post=4978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}