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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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Property REDY® Index January 2023

Property REDY® Index January 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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Secondary Perils Turn into a Primary Concern for Insurance Buyers

Secondary Perils Turn into a Primary Concern for Insurance Buyers

Historically, floods, hurricanes, and earthquakes have been known for generating historic losses and headlines, but the insurance industry is increasingly concerned about the mounting financial impact of so-called secondary perils. Hail storms, tornadoes, thunderstorms, and wildfires are causing more frequent and severe losses that mount into the tens of billions of dollars on an annual basis, often outweighing losses from major perils in recent years. Over the last 40 years, a pattern of more frequent natural catastrophe events has emerged, a trend that has further accelerated over the last decade, according to AM Best (source 1).

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Disability Insurance: Protection When Illness or Injury Strikes
Disability Insurance: Protection When Illness or Injury Strikes
Recent Cosmetic Product Law Could Increase Recall Risk
Recent Cosmetic Product Law Could Increase Recall Risk
2023 Habitational State of the Market – Casualty
2023 Habitational State of the Market – Casualty
AI in Healthcare: Big Benefits, Bigger Risks?
AI in Healthcare: Big Benefits, Bigger Risks?
Social Inflation & Growing Demand Drives Hard Market for Security Guard Services
Social Inflation & Growing Demand Drives Hard Market for Security Guard Services
2023 Habitational State of the Market – Property
2023 Habitational State of the Market – Property
Florida Senate Bill 4-D: What Does it Mean for Condo Associations?
Florida Senate Bill 4-D: What Does it Mean for Condo Associations?
Errors & Omissions REDY® Index November 2023
Errors & Omissions REDY® Index November 2023
Louisiana Assignment of Benefits Ban a Win for Insureds & Carriers
Louisiana Assignment of Benefits Ban a Win for Insureds & Carriers
Protect Your Business with Endpoint Detection & Response Security
Protect Your Business with Endpoint Detection & Response Security
Home-Share Rentals: Are Your Clients’ Covered?
Home-Share Rentals: Are Your Clients’ Covered?
Nevada Bans Defense-Within-Limits for Liability Insurance
Nevada Bans Defense-Within-Limits for Liability Insurance