News - Tools & Intel | CRC Group
How to Prepare Clients for Changes in the Senior Living Insurance Market

How to Prepare Clients for Changes in the Senior Living Insurance Market

A market correction in liability insurance for senior living care facilities is already underway. Accounts in this segment are beginning to see steep increases at renewal. Continuing claims frequency and increasing severity in senior services are prompting insurers to raise the cost of coverage. Retail agents can provide valuable guidance to their clients through these changing conditions. Providing underwriters with additional details — especially about improvements to facilities’ operations and staffing procedures — can enhance a client’s risk profile and result in more favorable consideration of the client’s account. Here are some tips to prepare operators of senior living care facilities for the market shift and to state their case to underwriters.

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Complexity Clouds Market for Financial Institutions

Complexity Clouds Market for Financial Institutions

Financial institutions have rebounded and are stronger overall since the subprime loan crisis more than a decade ago, and nonbank lending has emerged as a high-growth business. Even though capacity for financial institution risks remains plentiful, some insurers have become more conservative in their appetites for certain classes and sizes of business. While certain accounts are seeing higher premiums rise due to increased exposure, some new market entrants are pricing accounts aggressively low. What does all this mean for retail agents? Financial institution clients need help to navigate a complex marketplace to obtain the best coverages and pricing.

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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.

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New REDY® Platform: Industry Leading Investment in Data Driven Client Experience

New REDY® Platform: Industry Leading Investment in Data Driven Client Experience

CRC Group has the most actionable data in wholesale business and will use that advantage to power new data and analytics system to help retail clients win.

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In #MeToo Era, New Hybrid SML/EPL Coverage Meets Important Need

In #MeToo Era, New Hybrid SML/EPL Coverage Meets Important Need

Growing Exposures and Coverage Gaps Necessitate Certainty for Employers

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Cyber REDY® Index October 2022
Cyber REDY® Index October 2022
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Excess & Umbrella REDY® Index October 2022
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The Impact of Hurricane Ian and Reinsurance on the 2023 Property Marketplace
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Severity & Frequency of Truck Accidents is on the Rise
Utilizing Assessments to Help Prevent Behavioral Health Violence Claims
Utilizing Assessments to Help Prevent Behavioral Health Violence Claims
Homeowner Association D&O Market Tightening
Homeowner Association D&O Market Tightening
How to Avoid the Uncertainty Mark-up for Catastrophe Coverage
How to Avoid the Uncertainty Mark-up for Catastrophe Coverage