News - Tools & Intel | CRC Group
Habitability Lawsuits Raise New Risks for Apartment Owners, Insurers

Habitability Lawsuits Raise New Risks for Apartment Owners, Insurers

California juries are handing down million-dollar awards in lawsuits alleging apartment complex owners have failed to maintain ‘habitable’ properties. Insurers, concerned the litigation trend could spread, are adding exclusions to limit their risk. Brokers need to be aware of the impact habitability litigation and coverage restrictions can have on client property programs.

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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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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