News - Tools & Intel | CRC Group
The Challenges of Insuring Healthcare Staffing Companies

The Challenges of Insuring Healthcare Staffing Companies

The pandemic exacerbated healthcare staffing shortages, pushing many organizations to rely on staffing agencies for help. However, this can increase the risk of claims. Because claim severity continues to be an issue, many markets have narrowed their appetite or chosen to exit the sector entirely, creating a harder insurance landscape for healthcare staffing.

read more
Ransomware Sublimits Can Have a Big Impact on Cyber Clients

Ransomware Sublimits Can Have a Big Impact on Cyber Clients

Modern cybercrime is constantly evolving to produce more complicated, stealthy attacks with devastating and costly consequences for companies that fall victim. Cybercrime cost U.S. businesses more than $6.9B in 2021. Even so, only 43% of businesses report feeling financially prepared to face a cyberattack in 2022 (source 1).

read more
Utilizing Assessments to Help Prevent Behavioral Health Violence Claims

Utilizing Assessments to Help Prevent Behavioral Health Violence Claims

Behavioral healthcare providers can help mitigate growing violence rates by adequately assessing the risk of violence a patient presents toward others. The right behavioral healthcare assessments can help protect people from harm and prevent professional liability claims.

read more
Homeowner Association D&O Market Tightening

Homeowner Association D&O Market Tightening

Since the 1970s, American neighborhoods have been increasingly governed by homeowner associations (HOAs)(source 2). Condominium or apartment buildings and subdivisions are often run by an HOA led by a board of directors comprised of a small group of volunteer homeowners (source 1). The nature of an HOA's responsibilities can be broad, ranging from establishing an annual budget and collecting dues or fees to maintaining common areas, enforcing rules or regulations, and more. With much to do and a wide variety of preferences under their prevue, HOAs often cannot please every homeowner.

read more
Cyber Loss Control: Security Scans Have Pros and Cons

Cyber Loss Control: Security Scans Have Pros and Cons

Prevention or mitigation of a cyber event begins with an organization recognizing its unique vulnerabilities and how to address them through cyber risk management. An increasing number of cyber underwriters are utilizing security scans during the application process to identify these weaknesses. The results are often used to make underwriting decisions, and clients are typically required to favorably address issues prior to binding coverage.

read more

 

Disability Insurance: Protection When Illness or Injury Strikes
Disability Insurance: Protection When Illness or Injury Strikes
Recent Cosmetic Product Law Could Increase Recall Risk
Recent Cosmetic Product Law Could Increase Recall Risk
2023 Habitational State of the Market – Casualty
2023 Habitational State of the Market – Casualty
AI in Healthcare: Big Benefits, Bigger Risks?
AI in Healthcare: Big Benefits, Bigger Risks?
Social Inflation & Growing Demand Drives Hard Market for Security Guard Services
Social Inflation & Growing Demand Drives Hard Market for Security Guard Services
2023 Habitational State of the Market – Property
2023 Habitational State of the Market – Property
Florida Senate Bill 4-D: What Does it Mean for Condo Associations?
Florida Senate Bill 4-D: What Does it Mean for Condo Associations?
Errors & Omissions REDY® Index November 2023
Errors & Omissions REDY® Index November 2023
Louisiana Assignment of Benefits Ban a Win for Insureds & Carriers
Louisiana Assignment of Benefits Ban a Win for Insureds & Carriers
Protect Your Business with Endpoint Detection & Response Security
Protect Your Business with Endpoint Detection & Response Security
Home-Share Rentals: Are Your Clients’ Covered?
Home-Share Rentals: Are Your Clients’ Covered?
Nevada Bans Defense-Within-Limits for Liability Insurance
Nevada Bans Defense-Within-Limits for Liability Insurance