News - Tools & Intel | CRC Group
Hyperinflation is Hitting the Construction Industry Hard

Hyperinflation is Hitting the Construction Industry Hard

Hyperinflation of material, labor, and equipment costs is having widespread ramifications for the construction industry, including project funding issues, cancellation of contracts, and contractor defaults. Despite the flurry of current construction happening around the country due to infrastructure investments and the demand for new housing, it’s a challenging time, especially for smaller trade contractors. In 2021, the annual construction input inflation rate reached a shocking 19.6%. For the sake of perspective, the non-residential construction inflation rate was 4.4% in 2020 and 1.8% in 2019. The vast majority of contractors in today’s industry haven't had to navigate an inflationary environment that exceeded 5% for more than 30 years, which means many have never experienced hyperinflation and are struggling with how to handle it as well as the negative impact it can have on the bottom line (source 4).

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The Challenges of Insuring Healthcare Staffing Companies

The Challenges of Insuring Healthcare Staffing Companies

The pandemic exacerbated healthcare staffing shortages, pushing many organizations to rely on staffing agencies for help. However, this can increase the risk of claims. Because claim severity continues to be an issue, many markets have narrowed their appetite or chosen to exit the sector entirely, creating a harder insurance landscape for healthcare staffing.

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Cyber REDY® Index October 2022

Cyber REDY® Index October 2022

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

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Property REDY® Index October 2022

Property REDY® Index October 2022

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

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Excess & Umbrella REDY® Index October 2022

Excess & Umbrella REDY® Index October 2022

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

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Hyperinflation is Hitting the Construction Industry Hard
Hyperinflation is Hitting the Construction Industry Hard
The Challenges of Insuring Healthcare Staffing Companies
The Challenges of Insuring Healthcare Staffing Companies
Cyber REDY® Index October 2022
Cyber REDY® Index October 2022
Property REDY® Index October 2022
Property REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022
Private D&O REDY® Index October 2022
Private D&O REDY® Index October 2022
The Impact of Hurricane Ian and Reinsurance on the 2023 Property Marketplace
The Impact of Hurricane Ian and Reinsurance on the 2023 Property Marketplace
Ransomware Sublimits Can Have a Big Impact on Cyber Clients
Ransomware Sublimits Can Have a Big Impact on Cyber Clients
Severity & Frequency of Truck Accidents is on the Rise
Severity & Frequency of Truck Accidents is on the Rise
Utilizing Assessments to Help Prevent Behavioral Health Violence Claims
Utilizing Assessments to Help Prevent Behavioral Health Violence Claims
Homeowner Association D&O Market Tightening
Homeowner Association D&O Market Tightening
How to Avoid the Uncertainty Mark-up for Catastrophe Coverage
How to Avoid the Uncertainty Mark-up for Catastrophe Coverage