News - Tools & Intel | CRC Group
CRC’s Claims Advocacy Team Wraps Up a Long Lingering Tough Builders Risk Claim

CRC’s Claims Advocacy Team Wraps Up a Long Lingering Tough Builders Risk Claim

The CRC Claims Advocacy Team recently came to the rescue of a retail agency partner. They stepped in to help with a contentious builder’s risk claim that involved delay and damage to an office building project that occurred over a 7-8 month period due to rain, flooding, and a hurricane. The source of the water damage impacted both the coverage analysis and the number of deductibles that should apply. In this instance, the insured believed there was only one claim and one deductible, while the carrier sought to apply three.

read more
Property Rates Rise as Carriers Retrench and Prepare for the Changing Market

Property Rates Rise as Carriers Retrench and Prepare for the Changing Market

The term catastrophe became a part of everyday life this year as the global coronavirus pandemic spread across the country. With spring also came the "normal" catastrophes, including a spate of deadly thunderstorms and tornados. This was followed by an early start to a hurricane season that kept setting records through the summer, and a disastrous wildfire season for which the full scope of damages will not be known for some time.

read more
Changing Property Market Poses Challenges for 2020

Changing Property Market Poses Challenges for 2020

The property market continues to change amid decreased capacity and increased caution among carriers. There is little capacity left among many Lloyds syndicates, and domestic markets are more selective overall—particularly on tougher classes of business. While the first quarter of 2020 may bring some relief on capacity, insureds should expect increased rates, higher deductibles and greater scrutiny from underwriters. Valuations are particularly important along with better data on construction, especially for roofs. In this transitioning market, experienced brokers show their worth in finding the best solutions for clients.

read more

 

2023 State of the Market at a Glance | Casualty, Construction, ExecPro, Healthcare, Personal Lines, & Property
2023 State of the Market at a Glance | Casualty, Construction, ExecPro, Healthcare, Personal Lines, & Property
Many SPACs Wind Down While Litigation May Loom for Others
Many SPACs Wind Down While Litigation May Loom for Others
New War & Terrorism Exclusions Complicate Cyber Market
New War & Terrorism Exclusions Complicate Cyber Market
Medical Malpractice Claims Trends
Medical Malpractice Claims Trends
Primary Trucking Insurance State of the Market
Primary Trucking Insurance State of the Market
Property REDY® Index January 2023
Property REDY® Index January 2023
Excess & Umbrella REDY® Index January 2023
Excess & Umbrella REDY® Index January 2023
Private D&O REDY® Index January 2023
Private D&O REDY® Index January 2023
Cyber REDY® Index January 2023
Cyber REDY® Index January 2023
Why Every Restaurant Needs Foodborne Illness Insurance
Why Every Restaurant Needs Foodborne Illness Insurance
VPN & MFA: Why Cyber Insurance Applicants Need Both
VPN & MFA: Why Cyber Insurance Applicants Need Both
OPPI: Professional Liability Designed for Project Owners
OPPI: Professional Liability Designed for Project Owners