News - Tools & Intel | CRC Group
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.

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Habitational Market Takes a Hard Turn

Habitational Market Takes a Hard Turn

After years of losses in the multifamily habitational market, insurers have become far more cautious for both property and casualty coverages, cutting back capacity or even leaving the market altogether. Rates and deductibles have been rising—sometimes significantly—as carriers, more closely scrutinize the risks they are willing to entertain while adding a variety of exclusions.

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Exclusive Insurisk Active Assailant

Exclusive Insurisk Active Assailant

Active assailants continue to threaten businesses, houses of worship, schools and public events across the United States. Reported instances of workplace violence, ranging from threats to physical assaults and homicides, impact nearly 2 million Americans each year.

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Parametric Insurance Begins to Make an Impact

Parametric Insurance Begins to Make an Impact

Parametric insurance has made its biggest impact so far with catastrophe bonds covering large-scale risks, such as hurricanes and earthquakes, but the concept is becoming more common in commercial and residential insurance. It’s called parametric because rather than responding to a specific loss, the coverage pays out when an agreed “metric” such as wind speed or ground shaking reaches or exceeds certain intensity. Insurers are offering such coverage based on a wide variety of other metrics, including barometric pressure, rainfall, average snowfall, river water levels, storm surge as measured by tide gauges and even hotel occupancy rates.

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CRC Group’s Claims Advocacy Team Resolves Stalemate and Helps Avoid Bad Faith Litigation

CRC Group’s Claims Advocacy Team Resolves Stalemate and Helps Avoid Bad Faith Litigation

After a $14M property loss, CRC Group’s Claims Advocacy team successfully negotiated a settlement of a dispute over the business interruption portion of a claim, allowing the parties to move forward and close the claim. In doing so, the team helped the parties avoid litigation and repair their fraying relationship.

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Cyber REDY® Index June 2021
Cyber REDY® Index June 2021
Private D&O REDY® Index April 2021
Private D&O REDY® Index April 2021
Cyberwrite on REDY®: Helping Clients Understand & Quantify Cyber Risks
Cyberwrite on REDY®: Helping Clients Understand & Quantify Cyber Risks
Tough Outlook Ahead for Most of the Energy Market
Tough Outlook Ahead for Most of the Energy Market
Aviation Market Hardens Amid Pandemic Turbulence
Aviation Market Hardens Amid Pandemic Turbulence
Cyber REDY® Index April 2021
Cyber REDY® Index April 2021
Make Sure Your Insurance Provides the Right ESOP Coverage
Make Sure Your Insurance Provides the Right ESOP Coverage
Tough Call: How to Insure TCPA Liability Risks
Tough Call: How to Insure TCPA Liability Risks
Optimize Your Business Interruption Coverage with the BI Worksheet
Optimize Your Business Interruption Coverage with the BI Worksheet
Private D&O REDY® Index April 2021
Private D&O REDY® Index April 2021
Claims Preparation & Guidelines
Claims Preparation & Guidelines
Disability Insurance: Protection When Illness or Injury Strikes
Disability Insurance: Protection When Illness or Injury Strikes