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When the coronavirus struck in early 2020, construction projects all around NYC were halted throughout April and May as officials scrambled to outline pandemic restrictions. Unfortunately, with strict lockdowns and safety guidelines required to slow the spread, the construction market in New York contracted by 3.8%, resulting in $9.8 billion in lost construction over the course of the year.

It’s common to assume that a tragic accident won’t happen to you. Unfortunately, hoping something won’t happen isn’t an effective means of protecting against the unexpected. Just one accident can wipe out your savings and assets. It's impossible to predict the amount that could be awarded to the winner of a lawsuit resulting from an auto collision or an accident on your property. Purchasing a personal umbrella policy is one simple way that individuals or families can protect against the devastating financial impact of an unforeseen event.

CRC strives to put the client first by analyzing coverage issues to provide valuable insights that can help facilitate claim resolutions. Recently, CRC Group’s Claims Advocacy Team assisted a privately held financial services company in reversing a coverage denial and obtaining a full defense against a baseless class-action lawsuit related to a Ponzi scheme.

The 2021 wildfire season is predicted to be the fifth consecutive year in a pattern of severe fire seasons. Wildfire threats emerged early this year as 98% percent of land in the Western states continues to experience drought conditions compounded by early summer heatwaves.

The COVID-19 pandemic temporarily slowed or halted the claims process in many situations as courtrooms closed their doors to comply with social distancing requirements. However, CRC continued to assist partners across the country and came to the aid of a medical imaging center that found itself named as a defendant in a 2020 EPL lawsuit.

Anytime an area is hit with a catastrophic event, like a hurricane or wildfire, the cost of labor and building materials temporarily rises due to increased demand as communities and businesses rebuild. 2020 brought a total of 63 catastrophic events including Midwestern tornadoes, Western wildfires, and Southeastern hurricanes on top of the COVID-19 pandemic - a catastrophic event unlike any in recent history.

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.

Companies around the globe rely on websites, computer systems, and digital connections with the world to do business. While organizations may have varying degrees of digital presence, every business is exposed to cybersecurity risks that can result in devastating financial loss due to steep regulatory fines, customer data loss, financial theft, or business interruption. Unfortunately, many companies struggle with understanding, quantifying, and mitigating their cyber exposure.

The COVID-19 pandemic resulted in decreased energy production and demand in 2020. According to the U.S. Energy Information Administration (EIA), it will likely take years for the U.S. to return to 2019 levels of consumption. While it’s anticipated that the United States will continue to export more energy than it imports through 2050, recovery will take time and the energy insurance market is feeling the pinch (source 1).

As the aviation industry rebounds from a massive pandemic-induced downturn, aviation insurance rates are rising as insurers seek to address prior-year losses and the industry’s evolving risks. Interest in private jet purchases and rentals have surged as more business fliers and individuals avoid public carriers for health reasons. The pandemic has also provided an extra boost to the rapidly growing unmanned aerial vehicle industry since camera-equipped drones can perform many tasks at lower risk and without personal contact.

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.

Employee Stock Ownership Plans (ESOPs) provide a welcome benefit for millions of Americans, but obtaining the right coverage to protect corporate directors and officers and trustees can prove complex. Fiduciary claims may also cross over into D&O, and missteps can prove costly as settlements run into the millions of dollars.

Costly litigation alleging violations of the Telephone Consumer Protection Act (TCPA) has made coverage hard to get for businesses that contact customers and prospects by phone or text. CRC Group explains why markets for TPCA risks are scarce and how to work with a knowledgeable wholesale broker to help insureds.