News - Tools & Intel | CRC Group
Rapid Growth of TPLF Impacts Insurance Affordability

Rapid Growth of TPLF Impacts Insurance Affordability

Over the last decade, third-party litigation funding (TPLF) has evolved into a $17 billion industry worldwide, and 52% of that money is being spent in the U.S., making TPLF a key contributor to social inflation, hiking up jury awards and claim settlements that may have a significant impact on insurance prices and coverage availability.

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Aviation Market Hardens Amid Pandemic Turbulence

Aviation Market Hardens Amid Pandemic Turbulence

As the aviation industry rebounds from a massive pandemic-induced downturn, aviation insurance rates are rising as insurers seek to address prior-year losses and the industry’s evolving risks. Interest in private jet purchases and rentals have surged as more business fliers and individuals avoid public carriers for health reasons. The pandemic has also provided an extra boost to the rapidly growing unmanned aerial vehicle industry since camera-equipped drones can perform many tasks at lower risk and without personal contact.

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The Benefits of Occupational Accident Coverage

The Benefits of Occupational Accident Coverage

Americans learned just how vital the trucking industry is to daily life during the early days of the COVID-19 pandemic (source 1). Truck drivers all across the country witnessed an outpouring of public recognition and gratitude as the nation coped with shipping delays and supply shortages (source 1). As the economy works to recover, trucking will continue to play an essential role, making it more important than ever that trucking companies protect business operations. Often overlooked, occupational accident insurance should be a key component of any trucking company’s risk management program.

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2021 State of the Market at a Glance - Casualty, Construction, ExecPro, Personal Lines, Property

2021 State of the Market at a Glance - Casualty, Construction, ExecPro, Personal Lines, Property

Will premiums increase? Are terms and conditions changing? What lines of business have limited markets? Which lines of business have excess capacity? Here’s what clients can expect in the marketplace for 2021 in a quick and easy to read reference guide.

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Smoother Ride Ahead for Primary Auto

Smoother Ride Ahead for Primary Auto

The road ahead may be opening up in the primary auto market after last year’s nationwide economic dislocation brought on by the pandemic. The trucking industry, in particular, endured months of turmoil amid massive shifts in demand as people nationwide began not only working from home—but also staying at home after work. In commercial auto, the shutdown-induced reduction in traffic congestion may have brought a decline in accident frequency. That would be welcome news for insurers in a market where the combined ratio overall has remained above 100 for a decade. (source vi)

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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
Property REDY® Index December 2021
Property REDY® Index December 2021