News - Tools & Intel | CRC Group
Carriers Shift More Risk Onto Builders For Multi-Family Frame Projects

Carriers Shift More Risk Onto Builders For Multi-Family Frame Projects

After the rapid price increases of recent years, the frame builders' risk market has stabilized, but carriers remain disciplined about rates. While capacity is adequate, carriers are looking at the aggregation of projects in areas and declining or limiting capacity on those in close proximity to each other or insured by the same company. Ensuring continuity of terms/conditions around coverage, warranties, and deductibles on quota share placements is also essential when seeking coverage.

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Email Filtering: A Common Sense Tool for Preventing Cyber Crime

Email Filtering: A Common Sense Tool for Preventing Cyber Crime

There are currently 3.9 billion electronic mail users around the globe, and most have a love-hate relationship with their email. This might be because the average American worker receives more than 120 emails every day. Even so, email usage is predicted to grow by another 2% - 3% each year through 2023.

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Self-Insured Workers' Compensation Often Leaves Expensive Coverage Gaps

Self-Insured Workers' Compensation Often Leaves Expensive Coverage Gaps

Risk isn't static. Strategies that worked well in the past may no longer fit an organization's evolving risk profile. That's particularly true for workers' compensation. Claims costs continue to rise, driven by medical inflation and legal and social trends. Today, businesses and municipalities that have long self-insured their workers' compensation programs face challenges obtaining excess coverage at their planned levels, exposing them to bigger claims. An innovative program can bridge those gaps and stem growing financial exposures as long-tail claims develop over time. Working with a specialist with deep knowledge of the markets and access to these special programs can help build an effective workers' compensation program that protects employees and the organization.

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Insurers Hold a Hard Line on Reported Property Values in 2022

Insurers Hold a Hard Line on Reported Property Values in 2022

It’s no secret that property values are on the rise. Because property premiums are based on the reported value of the property, many insureds may be tempted to manage premium spending by submitting flat property values. While that tactic can offer premium stabilization in the short term, it actually works against the longer-term best interests of both the insured and the insurance industry. Relying on flat property values instead of updated values ultimately results in insureds being hit with significant price increases all at once when underwriting requests an updated appraised value based on market conditions. Relying on outdated valuation data means premium hikes hit much harder at renewal than they would if an insured reported more current values year over year, which would result in more incremental premium increases as property values rise over time. It’s also essential to make sure property values are current. Should a catastrophe strike, an underinsured business may not have sufficient funds to rebuild or make it through an extended shutdown.

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Property REDY® Index March 2022

Property REDY® Index March 2022

The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data-driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.

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How to Avoid the Uncertainty Mark-up for Catastrophe Coverage
How to Avoid the Uncertainty Mark-up for Catastrophe Coverage
New Florida Law Strengthens Apartment Safety Regulations
New Florida Law Strengthens Apartment Safety Regulations
Cyber Loss Control: Security Scans Have Pros and Cons
Cyber Loss Control: Security Scans Have Pros and Cons
2022 Excess Habitational State of the Market
2022 Excess Habitational State of the Market
Representations & Warranties Coverage Protects M&A Deals
Representations & Warranties Coverage Protects M&A Deals
Possible Insurance Implications of Roe v. Wade Overturn
Possible Insurance Implications of Roe v. Wade Overturn
2022 Energy State of the Market
2022 Energy State of the Market
Private D&O REDY® Index June 2022
Private D&O REDY® Index June 2022
Excess & Umbrella REDY® Index June 2022
Excess & Umbrella REDY® Index June 2022
Cyber REDY® Index June 2022
Cyber REDY® Index June 2022
Property REDY® Index June 2022
Property REDY® Index June 2022
Senior Living Market Easing but Reprieve May be Brief
Senior Living Market Easing but Reprieve May be Brief