News - Tools & Intel | CRC Group

TI-Header

Rising Flood Waters Shine Light on Flood Insurance Gap Across the Country

Rising Flood Waters Shine Light on Flood Insurance Gap Across the Country

Flooding, the most common natural disaster in the U.S., can have huge consequences for homeowners, businesses, and communities. With the emergence of climate change and increase in severe weather, flooding is impacting ever widening areas, but at least 85% of homeowners still lack flood insurance. Flood insurance empowers families and communities to recover and thrive in the wake of disaster.

read more
Rain, Wind, Flood and Fire: Climate Change Poses Challenge for Catastrophe Models

Rain, Wind, Flood and Fire: Climate Change Poses Challenge for Catastrophe Models

The severe hurricanes and record-breaking wildfires that have caused widespread damage in recent years have heightened concerns that a changing global climate may be leading to more frequent and extreme natural catastrophes. Among the possible effects of climate change, stronger and slower-moving hurricanes may bring more devastating winds, higher storm surge and greater inland flooding; hotter temperatures can dry out vegetation and raise the risk of wildfires, particularly as people move into formerly wild areas. Those changes may lead to greater risks for property owners and higher-than-expected claims for insurers.

read more
Developers Face All Professional Liability Risks on a Project

Developers Face All Professional Liability Risks on a Project

From design to construction and sales, a real estate developer bears the ultimate responsibility for every aspect of a project. The architects, engineers, contractors, property managers and real estate brokers all face specific professional liability risks stemming from their own work, but the developer may be exposed to all of them. Legal actions targeting any service provider on a project are very likely to name the developer too. For instance, a family member of an employee killed while working for a general contractor might sue the developer as well, or a condominium owner may bring a claim against the developer for an architect’s design error.

read more
Understanding the Issues Around Insuring Cannabis-Related Businesses

Understanding the Issues Around Insuring Cannabis-Related Businesses

The commercial cannabis industry is booming. It now employs more than 250,000 people, with legal marijuana sales reaching an estimated $9.7 billion across North America in 2018.

read more
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.

read more

 

Why Consider Personal Umbrella Insurance?
Why Consider Personal Umbrella Insurance?
Why Law Firms Can Be Challenging for Cyber Insurers
Why Law Firms Can Be Challenging for Cyber Insurers
Food Product Recalls Create Costly Ripple Effects
Food Product Recalls Create Costly Ripple Effects
Risks & Insurance Implications for Companies Leveraging AI
Risks & Insurance Implications for Companies Leveraging AI
Errors & Omissions REDY® Index Q2 2024
Errors & Omissions REDY® Index Q2 2024
Private D&O REDY® Index Q2 2024
Private D&O REDY® Index Q2 2024
Excess & Umbrella REDY® Index Q2 2024
Excess & Umbrella REDY® Index Q2 2024
Property REDY® Index Q2 2024
Property REDY® Index Q2 2024
Cyber REDY® Index Q2 2024
Cyber REDY® Index Q2 2024
Property Submission Best Practices for Small & Middle Market Accounts
Property Submission Best Practices for Small & Middle Market Accounts
New Texas Data Law Creates Requirements and Risks
New Texas Data Law Creates Requirements and Risks
Trucking Industry Getting Squeezed by Claims
Trucking Industry Getting Squeezed by Claims