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Stock Throughput Offers Relief in Hard Property Market

Stock Throughput Offers Relief in Hard Property Market

As property insurance prices continue to rise, the stock throughput segment presents opportunities for relief. While insurers limit or reduce capacity for property coverage, particularly in catastrophe-exposed areas, stock throughput offers more flexibility. That pliability is due in large part to a turnaround in the London market following a hard spell propelled by Lloyd’s Decile Ten profit remediation drive that saw some players exit. Now, insureds may be able to obtain coverage at better terms and prices for stock representing a substantial portion of their exposures. However, stock throughput remains a complex marketplace best navigated with the help of skilled and knowledgeable wholesale brokers.

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Cannabis State of the Market

Cannabis State of the Market

The cannabis industry continues to grow rapidly. Just two years ago, the global market was valued at nearly $18 billion dollars. Expected to expand at a compound annual growth rate of more than 25% over the next several years, the industry is expected to be worth a staggering $134.4 billion by 2030 (source 1). Although still federally illegal, the cannabis business is attracting entrepreneurs and investors across the U.S., fueled by state legalization measures, growing sales, and a need for tax revenue. While the cannabis industry seems to be shedding its taboo market status in some areas, many financial institutions, including insurance carriers, still remain hesitant to offer cannabis coverage, with the majority of professional, casualty, and property insurance business finding a home in the E&S marketplace (source 3). In 2023, the insurance market for cannabis organizations is continuing to evolve and present opportunities across all lines.

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Property REDY® Index April 2023

Property REDY® Index April 2023

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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Florida Aims to Rebuild Homeowners Market with Reform Law

Florida Aims to Rebuild Homeowners Market with Reform Law

More people are making claims on their homes in Florida than in any other state. Unfortunately, The Sunshine State leads not only in population growth but also in soaring homeowners insurance rates and claims litigation. Those trends have combined to create widespread turmoil in Florida’s property insurance market that the State is now seeking to quell with a reform package. On Dec. 14, 2022, Florida Governor Ron DeSantis signed property insurance reform bill Senate Bill 2-A into law. The new law seeks to cut down on lawsuits while mandating that insurers process and pay claims faster, but property owners will also have to take a more active role. This means partnering with knowledgeable wholesale brokers able to provide guidance on how the reform law impacts property owners will be more important than ever.

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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

Not sure what to expect when it comes to premium or terms and conditions? Interested in which lines of business may be seeing limited capacity or markets? Learn what to expect in the 2023 marketplace with our annual easy-to-read quick reference guide.

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Coordinating Cyber & Lawyers Professional Liability Policies for Maximum Benefit
Coordinating Cyber & Lawyers Professional Liability Policies for Maximum Benefit
Stock Throughput Offers Relief in Hard Property Market
Stock Throughput Offers Relief in Hard Property Market
New FDA Traceability Rules Bring Big Changes and New Risks to Farms
New FDA Traceability Rules Bring Big Changes and New Risks to Farms
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