News - Tools & Intel | CRC Group

TI-Header

Rising Flood Waters Shine Light on Flood Insurance Gap Across the Country

Rising Flood Waters Shine Light on Flood Insurance Gap Across the Country

Flooding, the most common natural disaster in the U.S., can have huge consequences for homeowners, businesses, and communities. With the emergence of climate change and increase in severe weather, flooding is impacting ever widening areas, but at least 85% of homeowners still lack flood insurance. Flood insurance empowers families and communities to recover and thrive in the wake of disaster.

read more
Rain, Wind, Flood and Fire: Climate Change Poses Challenge for Catastrophe Models

Rain, Wind, Flood and Fire: Climate Change Poses Challenge for Catastrophe Models

The severe hurricanes and record-breaking wildfires that have caused widespread damage in recent years have heightened concerns that a changing global climate may be leading to more frequent and extreme natural catastrophes. Among the possible effects of climate change, stronger and slower-moving hurricanes may bring more devastating winds, higher storm surge and greater inland flooding; hotter temperatures can dry out vegetation and raise the risk of wildfires, particularly as people move into formerly wild areas. Those changes may lead to greater risks for property owners and higher-than-expected claims for insurers.

read more
Changing Property Market Poses Challenges for 2020

Changing Property Market Poses Challenges for 2020

The property market continues to change amid decreased capacity and increased caution among carriers. There is little capacity left among many Lloyds syndicates, and domestic markets are more selective overall—particularly on tougher classes of business. While the first quarter of 2020 may bring some relief on capacity, insureds should expect increased rates, higher deductibles and greater scrutiny from underwriters. Valuations are particularly important along with better data on construction, especially for roofs. In this transitioning market, experienced brokers show their worth in finding the best solutions for clients.

read more
CAT+ Insurisk’s Exclusive CAT Focused Property Facility

CAT+ Insurisk’s Exclusive CAT Focused Property Facility

Insurisk is CRC Group’s exclusive products facility has recently launched CAT+, an A rated property capacity for middle market business that is primarily CAT-exposed. CAT+ can accommodate costal exposure risks from Texas all the way to the Carolinas.

read more
Insurers Move to Raise Rates in Property Market

Insurers Move to Raise Rates in Property Market

Buyers have grown used to price cuts in the property market in recent years, but insurers are now taking a harder stance. Insurers are seeking additional premium wherever possible and applying stricter underwriting, particularly to property valuations. Rate increases seem to be gaining traction as leading markets pare back on unprofitable lines. Still, those viewed as good risks can expect to do better than more challenging exposures.

read more

 

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