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2021 Excess Casualty Market Remains Firm

2021 Excess Casualty Market Remains Firm

Following a soft market cycle characterized by marked underpricing, an excess casualty market that was hardening at the start of 2021 is now firm. Underwriters continue to look for rate increases and cut capacity as large claims climb the tower.

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Excess Liability: Do Follow-Form Policies Really Follow Form?

Excess Liability: Do Follow-Form Policies Really Follow Form?

Follow-form policies are meant to help simplify and provide consistent coverage for excess liability programs. Ideally, follow form policies would provide excess coverage under the same terms and conditions as the underlying policy, that is follow the underlying form. In the real world, such policies often fall short of that ideal. Even though the coverage is labeled follow form, it’s not safe to assume that the policy actually provides the same coverage.

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Rough Road Ahead in Excess Casualty

Rough Road Ahead in Excess Casualty

The excess casualty market faces a rough road ahead. After a difficult 2020, the market is likely to remain hard at least through 2021 and possibly into the following year. Carriers continue to reduce limits and increase premiums as they grapple with the aftereffects of underpricing in the soft market. Much of the hardening is being driven by losses in auto, and also where social inflation is leading to more so-called ‘nuclear’ verdicts. Along with auto fleets, construction, real estate, habitational and hotels stand among the more difficult markets.

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Are Your Casualty Limits Adequate? Don’t Chance It

Are Your Casualty Limits Adequate? Don’t Chance It

During economic slowdowns, including the global coronavirus pandemic, many insurance buyers are tempted to pare the size of their programs. With the property and casualty insurance marketplace hardening across virtually all lines, the cost of maintaining existing levels of coverage is going up. Deciding to buy less liability coverage, however, may be a big mistake.

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When to Notify Excess Insurers of Claims

When to Notify Excess Insurers of Claims

Chronic lateness may be a societal problem, as many etiquette columnists note*, but when it comes to insurance claims, lateness in notifying one’s insurers invites more than dirty looks – it can bring denial of coverage.

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2021 Excess Casualty Market Remains Firm
2021 Excess Casualty Market Remains Firm
New York Construction Market Steady Post-Pandemic
New York Construction Market Steady Post-Pandemic
Why Consider Personal Umbrella Insurance?
Why Consider Personal Umbrella Insurance?
CRC Helps Financial Services Firm Achieve Reversal of Coverage Denial and Agreement to Defend E&O Claim
CRC Helps Financial Services Firm Achieve Reversal of Coverage Denial and Agreement to Defend E&O Claim
Insurance Landscape Hardens Further as Wildfires Rage
Insurance Landscape Hardens Further as Wildfires Rage
Excess Liability: Do Follow-Form Policies Really Follow Form?
Excess Liability: Do Follow-Form Policies Really Follow Form?
CRC’s Claims Advocacy Helps Medical Imaging Center Obtain Carrier Agreement to Defend Wage & Hour Claim
CRC’s Claims Advocacy Helps Medical Imaging Center Obtain Carrier Agreement to Defend Wage & Hour Claim
Property Insurance: Inflation & Rising Building Costs Create ITV Challenges
Property Insurance: Inflation & Rising Building Costs Create ITV Challenges
Excess & Umbrella REDY® Index June 2021
Excess & Umbrella REDY® Index June 2021
Cyber REDY® Index June 2021
Cyber REDY® Index June 2021
Private D&O REDY® Index June 2021
Private D&O REDY® Index June 2021
Cyberwrite on REDY®: Helping Clients Understand & Quantify Cyber Risks
Cyberwrite on REDY®: Helping Clients Understand & Quantify Cyber Risks