News - Tools & Intel | CRC Group
Insurers Take a Harder Line on Reported Property Values

Insurers Take a Harder Line on Reported Property Values

Because property premiums are based on the value of the property, many insureds have sought to save money over the years by reporting lower values. While that tactic can bring cost savings in the short term, it works against the longer- term best interests of both the insured and the industry. Should a catastrophe strike, a business that’s underinsured may not have sufficient funds to rebuild or make it through an extended shutdown.

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Hurricane Claim Preparation Guidelines

Hurricane Claim Preparation Guidelines

The 2020 hurricane season is upon us and scientists are already making their predictions. Scientists’ early predictions indicate an “above-average” hurricane season in 2020*. The consensus of expert forecasts indicate 17 named storms for this year’s North Atlantic hurricane season – much higher than the long-term 30-year average of 12 storms. Are you ready for this year’s hurricane season? Here is a list of hurricane claim guidelines you should consider as part of the preparation for dealing with a storm. From the first steps you should take after an event, to the different types of claims scenarios, CRC Group provides you with the information you need to adequately prepare for a storm.

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Repurposing Operations Due to Coronavirus May Impact Insurance Needs

Repurposing Operations Due to Coronavirus May Impact Insurance Needs

COVID-19 has infected millions of people and has taken so many lives around the globe. Unwilling to stand by and do nothing as the economy and our communities struggle, companies all around the U.S. are looking for ways to help fight the virus, ensure business continuity, and keep generating revenue.

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Earthquake Market Turns Unstable

Earthquake Market Turns Unstable

The earthquake market has moved onto unstable ground as insurers and alternative capital investors demand higher returns on their capital. Rate increases have ramped up over the last year, and buyers should expect higher prices this year for the same coverage. Higher deductibles can be an effective strategy to manage premiums. Buyers who can provide better and more detailed information on their risks can expect a better reception from underwriters. Early and active marketing and working with a broker that offers broad access to markets are crucial for obtaining the most cost-efficient coverage.

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How the Coronavirus is Impacting Insurance Markets, So Far

How the Coronavirus is Impacting Insurance Markets, So Far

The global community is more interconnected than ever before. Widespread travel and business relations requiring international supply chains make pandemics a more likely threat.

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State of the Market at a Glance | Casualty, Property, ExecPro, Personal Lines, Construction
State of the Market at a Glance | Casualty, Property, ExecPro, Personal Lines, Construction
Partnering With a PEO? Watch Out for EPL Coverage Gaps
Partnering With a PEO? Watch Out for EPL Coverage Gaps
Claims Litigation Comes Back to the New Legal Normal
Claims Litigation Comes Back to the New Legal Normal
Property Deductible Solutions to Save Money and Meet Lender Requirements
Property Deductible Solutions to Save Money and Meet Lender Requirements
Russia’s Invasion of Ukraine Has Consequences for Shipping Clients
Russia’s Invasion of Ukraine Has Consequences for Shipping Clients
Excess Liability: Do Follow-Form Policies Really Follow Form?
Excess Liability: Do Follow-Form Policies Really Follow Form?
Florida Market Still Reeling from Surfside Condo Collapse
Florida Market Still Reeling from Surfside Condo Collapse
Private Flood Market Offers Growing Opportunity
Private Flood Market Offers Growing Opportunity
Rapid Growth of TPLF Impacts Insurance Affordability
Rapid Growth of TPLF Impacts Insurance Affordability
2022 State of the Insurance Market
2022 State of the Insurance Market
Private D&O REDY Index December 2021
Private D&O REDY Index December 2021
Cyber REDY® Index December 2021
Cyber REDY® Index December 2021