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Since the 1970s, American neighborhoods have been increasingly governed by homeowner associations (HOAs)(source 2). Condominium or apartment buildings and subdivisions are often run by an HOA led by a board of directors comprised of a small group of volunteer homeowners (source 1). The nature of an HOA's responsibilities can be broad, ranging from establishing an annual budget and collecting dues or fees to maintaining common areas, enforcing rules or regulations, and more. With much to do and a wide variety of preferences under their prevue, HOAs often cannot please every homeowner.

In 2021, 19-year-old Orlando student Miya Marcano was tragically killed in her apartment by a 27-year-old maintenance employee with access to her apartment complex’s master key fob. In response to this tragedy and a growing trend of violence, Florida Governor Ron DeSantis signed Senate Bill 898, known as “Miya’s Law,” at the end of June 2022. (sources 1, 2)

Prevention or mitigation of a cyber event begins with an organization recognizing its unique vulnerabilities and how to address them through cyber risk management. An increasing number of cyber underwriters are utilizing security scans during the application process to identify these weaknesses. The results are often used to make underwriting decisions, and clients are typically required to favorably address issues prior to binding coverage.

The excess habitational market has been slowly hardening over the last several years, but it has accelerated over the last 2-3 years. Excess habitational premiums have been rising due to numerous factors including insurance carriers finding that they have been inadequately funded to cover the growing frequency and severity of claims in today’s litigious environment. There are now limited excess options within the first $10M, especially in the lead position. While some new capacity has started to filter into the marketplace over the last several months, few want to play in the lead $5M.

The representations and warranties put forth by a seller are critical components of business mergers and acquisitions (M&A). In a traditional M&A transaction, the seller agrees to indemnify the buyer for a set period of time against breaches of their representations and warranties. The indemnity is often backed by an escrowed portion of the proceeds otherwise payable at closing. This usually amounts to around 10% to 15% of the proceeds for 1 – 2 years. However, the emerging use of representations and warranties insurance is changing or eliminating this traditional structure for many M&A deals (source 1).

In May, when a draft of the Supreme Court’s decision regarding abortion rights was leaked to the public, many companies began preemptively considering the impact on employees should the decision to overturn Roe v. Wade come to fruition (source 6). After the U.S. Supreme Court officially struck down Roe vs. Wade in June, shockwaves were felt across the country. While initial reactions have been diverse, companies around the nation are attempting to find the appropriate balance in responding to the ruling and supporting employees without wading too far into the political debate or further inflaming tensions (source 3).

After a year of slashed demand in 2020, global oil demand surged in 2021 as the world began to recover from the coronavirus pandemic. In 2022, energy demand and commodity prices are still up, indicating that the energy industry is strong (source 3). Refineries are operating at approximately 95% capacity, and many companies would like to expand operations conservatively. But, like other industries all across the country, energy companies are struggling to find and hire qualified employees to fill positions. They’re also grappling with ongoing supply chain problems that make it difficult to obtain materials and purchase or repair vital equipment. As the insurance marketplace continues to contract, prices are rising for several product lines.

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.

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.

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.

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.

After a year or two of hardening, the insurance market for senior living facilities took another hit in 2020 due to the COVID-19 pandemic’s new wave of compounding challenges. Brokers working with these healthcare organizations were warned to keep a wary eye on increased liability and tighter underwriting moving into 2021 (source 1).

Cyberattacks hit companies daily as malicious actors seek to benefit by preying on vulnerable business systems. While there are a myriad of different attacks plaguing organizations of all sizes, phishing is an increasingly common threat.

It’s no secret that the excess trucking insurance landscape has been rocky in recent years. Pricing for commercial auto insurance began rising near the end of 2011 and increased for 40 consecutive quarters. A recent history of harsh vertical judgments also seriously hampered the sector. Over the last ten years, commercial auto underwriters recorded more than $22 billion in losses (source 4). However, after several years of keeping pace with or surpassing primary carrier increases, the excess trucking market is starting to show some stability.

Americans are facing one of the most challenging housing markets in years due to high home prices and rising mortgage rates, but those aren't the only issues impacting purchasing decisions. In today's market, more than 75% of home buyers are actively considering natural disaster risks when choosing where to buy as climate change makes floods, mudslides, and increasingly – wildfires a key factor to keep in mind.