News - Tools & Intel | CRC Group
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 Several insurance companies that underwrote healthcare business for decades have withdrawn from some classes, citing high loss ratios.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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Cyber REDY® Index June 2021

Cyber REDY® Index June 2021

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

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Cyberwrite on REDY®: Helping Clients Understand & Quantify Cyber Risks

Cyberwrite on REDY®: Helping Clients Understand & Quantify Cyber Risks

Companies around the globe rely on websites, computer systems, and digital connections with the world to do business. While organizations may have varying degrees of digital presence, every business is exposed to cybersecurity risks that can result in devastating financial loss due to steep regulatory fines, customer data loss, financial theft, or business interruption. Unfortunately, many companies struggle with understanding, quantifying, and mitigating their cyber exposure.

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Train Derailment Impacts on Environmental Insurance Liability
Train Derailment Impacts on Environmental Insurance Liability
Social Engineering & Cybercrime Remain Top Cyber Insurance Concerns
Social Engineering & Cybercrime Remain Top Cyber Insurance Concerns
California Law Changes Create Uncertainty for Trucking Industry
California Law Changes Create Uncertainty for Trucking Industry
Cannabis State of the Market
Cannabis State of the Market
Property REDY® Index April 2023
Property REDY® Index April 2023
Private D&O REDY® Index April 2023
Private D&O REDY® Index April 2023
Cyber REDY® Index April 2023
Cyber REDY® Index April 2023
Florida Aims to Rebuild Homeowners Market with Reform Law
Florida Aims to Rebuild Homeowners Market with Reform Law
Telemedicine Is Here to Stay & It’s Impacting the Insurance Needs of Healthcare Providers
Telemedicine Is Here to Stay & It’s Impacting the Insurance Needs of Healthcare Providers
Simple Steps to Help Take the Bite out of Workers’ Compensation Losses
Simple Steps to Help Take the Bite out of Workers’ Compensation Losses
2023 State of the Market at a Glance | Casualty, Construction, ExecPro, Healthcare, Personal Lines, & Property
2023 State of the Market at a Glance | Casualty, Construction, ExecPro, Healthcare, Personal Lines, & Property
Many SPACs Wind Down While Litigation May Loom for Others
Many SPACs Wind Down While Litigation May Loom for Others