News - Tools & Intel | CRC Group
Property Deductible Solutions to Save Money and Meet Lender Requirements

Property Deductible Solutions to Save Money and Meet Lender Requirements

Clients who want to better manage the costs of their property programs often look to higher deductibles as an attractive option, but their lenders may not allow it. Higher deductibles can bring significant cost savings on property insurance programs, particularly for higher hazard risks or accounts with unfavorable loss histories. Taking higher deductibles provides access to more competitive markets and can lead to the most cost-effective property program. Clients willing to take a $100,000 deductible, for instance, will draw far more interest from more markets than those insisting on a $10,000 deductible.

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Thunderstorm Models Bring Higher Deductibles

Thunderstorm Models Bring Higher Deductibles

Property owners in thunderstorm-prone inland areas are learning the impact that catastrophe models can have on their insurance costs. While severe thunderstorm models have been around for years, carriers are now making greater use of them and asking for higher deductibles and percent deductibles in high-hazard areas.

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Away From the Coast Rain Wind and Fire Roil Property Markets

Away From the Coast Rain Wind and Fire Roil Property Markets

Hurricanes dominated the headlines last year, but away from the coast, massive losses from thunderstorms, tornadoes, and wildfires continue to roil the property markets. Insureds that have become used to price cuts on non-coastal, non-cat driven business, now face possible rate increases and likely larger deductibles. Our special report "Away From the Coast - Rain, Wind and Fire Roil Property," provides valuable information about market conditions away from the coast and shows why you should avoid neglecting these non-coastal accounts. And as always, as hurricane season gets underway and is forecasted to be normal or above-normal, the experts at CRC Group are here and ready to help.

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2018 State of the Market - Property

2018 State of the Market - Property

Winds of change are driving the property market in a new direction. Nature had been kind for more than a decade, sparing the U.S. from major hurricanes and earthquakes. At the same time, record-low interest rates lured tens of billions of dollars in alternative capital into insurance markets offering returns well above the rock-bottom rates available on more standard investments. The combination of new capital and relative calm combined to push insurance rates lower year after year — until now.

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Multi-Factor Authentication (MFA): A Must Have for Cyber Coverage
Multi-Factor Authentication (MFA): A Must Have for Cyber Coverage
Understanding the Value of Contractors Professional Liability Insurance
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CRC Group’s Claims Advocacy Team Resolves Stalemate and Helps Avoid Bad Faith Litigation
Cyber REDY® Index September 2021
Cyber REDY® Index September 2021
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Excess & Umbrella REDY® Index September 2021
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Private D&O REDY® Index September 2021
Stresses Ease in California Earthquake Market
Stresses Ease in California Earthquake Market
Claims Advocacy Team Gets Carrier to Rescind Denial of Defense for Slip-and-Fall
Claims Advocacy Team Gets Carrier to Rescind Denial of Defense for Slip-and-Fall
Creativity Holds the Key to Dealer Open Lot Market
Creativity Holds the Key to Dealer Open Lot Market