News - Tools & Intel | CRC Group
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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Stresses Ease in California Earthquake Market

Stresses Ease in California Earthquake Market

The stresses that had been building in the California earthquake market have begun to ease. The momentum of rate increases has slowed, although high-risk zones and older buildings remain challenging. Capacity has improved as carriers see a better risk-reward outlook after the significant rate increases of recent years. Higher deductibles are part of the changing landscape, due to pressure from carriers, but also as a means for buyers to manage premium costs. In an evolving market, working with a knowledgeable broker with broad access to markets and in-house modeling expertise can help buyers achieve better results.

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Creativity Holds the Key to Dealer Open Lot Market

Creativity Holds the Key to Dealer Open Lot Market

Creativity holds the key to placing risks in the difficult market for dealer open lot coverage. Capacity remains very tight as some markets have exited altogether while the remaining ones are generally willing to offer only smaller limits. Few excess and surplus carriers are showing an appetite for the risk. Out of necessity, many auto dealers are taking lower limits and higher deductibles to fit coverage within their budgets. It’s a market where experienced brokers really make a difference.

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Insurance Landscape Hardens Further as Wildfires Rage

Insurance Landscape Hardens Further as Wildfires Rage

The 2021 wildfire season is predicted to be the fifth consecutive year in a pattern of severe fire seasons. Wildfire threats emerged early this year as 98% percent of land in the Western states continues to experience drought conditions compounded by early summer heatwaves.

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Property Insurance: Inflation & Rising Building Costs Create ITV Challenges

Property Insurance: Inflation & Rising Building Costs Create ITV Challenges

Anytime an area is hit with a catastrophic event, like a hurricane or wildfire, the cost of labor and building materials temporarily rises due to increased demand as communities and businesses rebuild. 2020 brought a total of 63 catastrophic events including Midwestern tornadoes, Western wildfires, and Southeastern hurricanes on top of the COVID-19 pandemic - a catastrophic event unlike any in recent history.

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Why Every Restaurant Needs Foodborne Illness Insurance
Why Every Restaurant Needs Foodborne Illness Insurance
VPN & MFA: Why Cyber Insurance Applicants Need Both
VPN & MFA: Why Cyber Insurance Applicants Need Both
OPPI: Professional Liability Designed for Project Owners
OPPI: Professional Liability Designed for Project Owners
Secondary Perils Turn into a Primary Concern for Insurance Buyers
Secondary Perils Turn into a Primary Concern for Insurance Buyers
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How Digitization Is Driving Cyber Risk for Motor Carriers
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Florida Residential Subcontractors Have Fewer Market Options
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State of the Market: D&O Liability
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Hyperinflation is Hitting the Construction Industry Hard
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The Challenges of Insuring Healthcare Staffing Companies
Cyber REDY® Index October 2022
Cyber REDY® Index October 2022
Property REDY® Index October 2022
Property REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022