News - Tools & Intel | CRC Group

Text/HTML

TI-Header

WSC PostIt Blog

Significant Challenges Facing the Construction Insurance Marketplace

Significant Challenges Facing the Construction Insurance Marketplace

The construction industry has seen significant growth over the last several years. However, emerging trends such as large rate increases and reductions in excess capacity are posing challenges for construction insureds as the insurance market hardens. An increase in high-value claim payments and settlements, labor shortages, and more careful deployment of underwriting capacity are all factors adding difficulty to the state of the market across the country.

read more
Do Contractors Have the Coverage They Think They Do?

Do Contractors Have the Coverage They Think They Do?

Do-overs can be good after making a mistake, but for construction contractors, there are a lot of downsides to redoing work. “Ripping and tearing out” construction materials after identifying an error can be costly, delay the completion of a project and damage the contractor’s business relationships. Even worse is the unpleasant discovery that such rework may not be covered by the contractor’s professional liability policy.

read more
One-of-a-Kind Labor Law Makes Insuring New York Construction Projects a Challenge

One-of-a-Kind Labor Law Makes Insuring New York Construction Projects a Challenge

From the Empire State Building to the Freedom Tower and the Hudson Yards project, New York’s construction industry has earned a global reputation for innovation. That vibrant spirit, however, has been dampened by a unique labor law dating back to the 1880s governing falls at construction sites. Commonly referred to as the New York’s Scaffold Law, this section of the Labor Law has driven overall construction costs higher, sent insurance premiums soaring above levels for other states, and led some major carriers to leave the market altogether. Those challenges make it imperative to work with brokers specializing in this complex and constantly changing market.

read more
New 2019 State of the Market at a Glance – Casualty, Construction, ExecPro, Healthcare, and Property

New 2019 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 2019 in a quick and easy to read reference guide.

read more
Construction Industry Starts Year with Optimism Amid a Strong Outlook

Construction Industry Starts Year with Optimism Amid a Strong Outlook

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.

read more

Text/HTML

 

WSC PostIt Blog Feed

Healthcare State of the Market at a Glance
Healthcare State of the Market at a Glance
Property State of the Market at a Glance
Property State of the Market at a Glance
Personal Lines State of the Market at a Glance
Personal Lines State of the Market at a Glance
ExecPro State of the Market at a Glance
ExecPro State of the Market at a Glance
Casualty State of the Market at a Glance
Casualty State of the Market at a Glance
Pollution Liability: Is a GL Extension Enough?
Pollution Liability: Is a GL Extension Enough?
Decrypting the Digital Asset Insurance Space
Decrypting the Digital Asset Insurance Space
Less Turbulence Ahead in the E&S Property Market
Less Turbulence Ahead in the E&S Property Market
How Retail Agents Can Avoid Cyber Fatigue in an Evolving Marketplace
How Retail Agents Can Avoid Cyber Fatigue in an Evolving Marketplace
Product Recall Claim Trends
Product Recall Claim Trends
Long-Term View Important for Senior Living Marketplace
Long-Term View Important for Senior Living Marketplace
Excess & Umbrella REDY® Index January 2024
Excess & Umbrella REDY® Index January 2024

WSC My Content Manager