News - Tools & Intel | CRC Group
New York Construction Market Steady Post-Pandemic

New York Construction Market Steady Post-Pandemic

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.

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Tough Outlook Ahead for Most of the Energy Market

Tough Outlook Ahead for Most of the Energy Market

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).

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Aviation Market Hardens Amid Pandemic Turbulence

Aviation Market Hardens Amid Pandemic Turbulence

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.

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2021 State of the Market at a Glance - Casualty, Construction, ExecPro, Personal Lines, Property

2021 State of the Market at a Glance - Casualty, Construction, ExecPro, Personal Lines, Property

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 2021 in a quick and easy to read reference guide.

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Severity and Frequency of Truck Accidents is on the Rise

Severity and Frequency of Truck Accidents is on the Rise

Commercial trucking often serves as a trusted barometer for the U.S. economy. In 2019, America’s truckers carried 11.84 billion tons of freight and generated $791.7 billion in revenue*.

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Pollution Liability: Is a GL Extension Enough?
Pollution Liability: Is a GL Extension Enough?
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Excess & Umbrella REDY® Index January 2024
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Cyber REDY® Index January 2024
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Private D&O REDY® Index January 2024
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Errors & Omissions REDY® Index January 2024
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Property REDY® Index January 2024
Disability Insurance: Protection When Illness or Injury Strikes
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