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2022 State of the Insurance Market

2022 State of the Insurance Market

When faced with the promise of a new year, many people look ahead – leveraging lessons from the prior year to chart a path forward, overcome obstacles, and reach for a new goal. The best in the insurance industry often do the same thing as they examine market conditions and strive to meet client needs in an ever-evolving landscape.

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Multi-Factor Authentication (MFA): A Must Have for Cyber Coverage

Multi-Factor Authentication (MFA): A Must Have for Cyber Coverage

Over the last few years, the rate of ransomware attacks and other cybercrimes have skyrocketed in both frequency and severity. As employees continue working from home due to the lingering pandemic, they create, access, and share more data remotely, causing the number of security blind spots to balloon and creating space for costly attacks.

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Understanding the Value of Contractors Professional Liability Insurance

Understanding the Value of Contractors Professional Liability Insurance

The North American Industry Classification System (NAICS) reports that there are around 1.3 million U.S. contractors with annual revenues of less than $5M. While virtually all are protecting their businesses with General Liability, Workers Compensation, and other insurance coverages, many have failed to consider purchasing professional/pollution liability insurance, even though both are not covered under a typical commercial general liability (CGL) policy.

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Marketplace Tight for Healthcare Risks Despite New Capacity

Marketplace Tight for Healthcare Risks Despite New Capacity

Healthcare is a diverse industry, ranging from individual practitioners and home health nurses, to ambulatory care centers and integrated systems with revenues in the billions of dollars. The risks along that spectrum also vary widely, but the insurance marketplace for healthcare organizations has been almost uniformly tight. Several insurance companies that underwrote healthcare business for decades have withdrawn from some classes, citing high loss ratios. In their place, new sources of capacity have emerged. Historically, the presence of new entrants has signaled competition and a loosening of terms, conditions and rates. Unfortunately for insureds, that is not happening in the current marketplace. It's a challenging environment that requires retailers to approach the renewal process differently.

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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

CRC strives to put the client first by analyzing coverage issues to provide valuable insights that can help facilitate claim resolutions. Recently, CRC Group’s Claims Advocacy Team assisted a privately held financial services company in reversing a coverage denial and obtaining a full defense against a baseless class-action lawsuit related to a Ponzi scheme.

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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