News - Tools & Intel | CRC Group
2020 State of the Market at a Glance – Casualty, Construction, ExecPro, Healthcare and Property

2020 State of the Market at a Glance – Casualty, Construction, ExecPro, Healthcare and 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 2020 in a quick and easy to read reference guide.

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Excess and Umbrella Markets Continue to Change in 2020

Excess and Umbrella Markets Continue to Change in 2020

The first quarter of 2019 saw the excess and umbrella markets start to move toward tighter underwriting, and each quarter since has seen the market get firmer. The second half of the year brought greater capacity restrictions, higher prices, and significant challenges around program structure, due in large part to nuclear jury awards that have hit excess and umbrella lines like never before. Brokers that succeed in 2020’s changing market will depend on creativity, proactive strategic planning, and strong carrier relationships to help clients weather the storm.

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Understanding the Issues Around Insuring Cannabis-Related Businesses

Understanding the Issues Around Insuring Cannabis-Related Businesses

The commercial cannabis industry is booming. It now employs more than 250,000 people, with legal marijuana sales reaching an estimated $9.7 billion across North America in 2018.

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Habitability Lawsuits Raise New Risks for Apartment Owners, Insurers

Habitability Lawsuits Raise New Risks for Apartment Owners, Insurers

California juries are handing down million-dollar awards in lawsuits alleging apartment complex owners have failed to maintain ‘habitable’ properties. Insurers, concerned the litigation trend could spread, are adding exclusions to limit their risk. Brokers need to be aware of the impact habitability litigation and coverage restrictions can have on client property programs.

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PFAS: The Next Asbestos?

PFAS: The Next Asbestos?

Chemicals commonly used in fire-fighting foams and a wide range of household items, from non-stick cookware to stain-resistant carpet, are turning up more often as exclusions on insurance policies. That’s due to a growing wave of litigation over water contamination and rising concerns among insurers that the chemicals per-and polyfluoroalkyl substances, or PFAS, could expose them to the same kind of expensive, unanticipated claims as asbestos did a generation ago. While property owners may see more scrutiny over PFAS, environmental insurance can still provide effective risk transfer in many cases.

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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
Secondary Perils Turn into a Primary Concern for Insurance Buyers
Secondary Perils Turn into a Primary Concern for Insurance Buyers
How Digitization Is Driving Cyber Risk for Motor Carriers
How Digitization Is Driving Cyber Risk for Motor Carriers
Florida Residential Subcontractors Have Fewer Market Options
Florida Residential Subcontractors Have Fewer Market Options
State of the Market: D&O Liability
State of the Market: D&O Liability
Hyperinflation is Hitting the Construction Industry Hard
Hyperinflation is Hitting the Construction Industry Hard
The Challenges of Insuring Healthcare Staffing Companies
The Challenges of Insuring Healthcare Staffing Companies
Cyber REDY® Index October 2022
Cyber REDY® Index October 2022
Property REDY® Index October 2022
Property REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022