Buyers have grown used to price cuts in the property market in recent years, but insurers are now taking a harder stance. Insurers are seeking additional premium wherever possible and applying stricter underwriting, particularly to property valuations. Rate increases seem to be gaining traction as leading markets pare back on unprofitable lines. Still, those viewed as good risks can expect to do better than more challenging exposures.

This is a brand new and unique policy offering three levels of coverage depending on type of Patent Infringement.

A market correction in liability insurance for senior living care facilities is already underway. Accounts in this segment are beginning to see steep increases at renewal. Continuing claims frequency and increasing severity in senior services are prompting insurers to raise the cost of coverage. Retail agents can provide valuable guidance to their clients through these changing conditions. Providing underwriters with additional details — especially about improvements to facilities’ operations and staffing procedures — can enhance a client’s risk profile and result in more favorable consideration of the client’s account. Here are some tips to prepare operators of senior living care facilities for the market shift and to state their case to underwriters.

Financial institutions have rebounded and are stronger overall since the subprime loan crisis more than a decade ago, and nonbank lending has emerged as a high-growth business. Even though capacity for financial institution risks remains plentiful, some insurers have become more conservative in their appetites for certain classes and sizes of business. While certain accounts are seeing higher premiums rise due to increased exposure, some new market entrants are pricing accounts aggressively low. What does all this mean for retail agents? Financial institution clients need help to navigate a complex marketplace to obtain the best coverages and pricing.

Will premiums increase? Are terms and conditions changing? What lines of business have limited markets? Which lines of business have excess capacity? Here’s what clients can expect in the marketplace for 2019 in a quick and easy to read reference guide.

CRC Group has the most actionable data in wholesale business and will use that advantage to power new data and analytics system to help retail clients win.

Growing Exposures and Coverage Gaps Necessitate Certainty for Employers

For hedge funds, protecting assets under management is a tall order in an environment where increasing liability exposures can erode them. Being subjected to costly lawsuits has become a cost of doing business. CRC offers expert insights on why D&O and E&O insurance are important tools to protect hedge funds.

While attention focused on the wild swings in financial markets at the start of the new year, the construction industry is starting off 2019 on a firm foundation with a strong, if somewhat decelerating, outlook.

Commercial auto has always been a risky business, and it’s getting more difficult to insure. Insurance markets are becoming highly selective about auto liability risks as loss costs climb sharply. Retail agents need to help their insureds understand that the marketplace is changing, but they still have options to navigate challenging conditions.

Homeowners seeking to bring in extra income by renting their homes through sharing services often don’t realize the serious financial risks they’re running. Homeowners assume their insurance will protect them when their home is rented, but the reality is they may be liable for any damages or injuries on their property while renters are staying there. Most homeowners’ policies have property and liability exclusions for business use, including rentals. This includes vandalism and theft of personal property while rented. Home-share sites may offer to repair or replace damage caused by a guest, but those promises aren’t an insurance policy, and homeowners will have to carefully follow the requirements to obtain reimbursement.

Active assailants continue to threaten businesses, houses of worship, schools and public events across the United States.

The Catastrophe Risk Assessment Report is a proprietary tool developed by CRC Group’s Property experts to help retailers win with their clients. Exclusive to CRC Group, this report helps deliver an attractive and detailed presentation providing quality mapping and analytics with comprehensive location details and analysis to your insureds. It includes a summary of an account’s exposures aggregated a number of ways, including by CAT zones, State, flood zone, and construction type.

Wage and hour (W&H) exposure is an often misunderstood and frequently underinsured risk. Naturally, a business seeking protection from the catastrophic exposure of W&H violations may look into purchasing Employment Practices Liability (EPL) insurance. However, to their dismay, W&H violations are largely excluded in EPL policies.

When insureds own multiple companies, they may assume that all the entities in their portfolio are covered by their corporate management liability policy. That can be an expensive mistake. The reality is that it comes down to the actual wording on their policy.