News - Tools & Intel | CRC Group
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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Tips to Avoid Late Claims Reporting

Tips to Avoid Late Claims Reporting

Late notice of claims can result in denial of coverage and destroy an agent’s relationship with the insured. On claims‑made policies, timely notice is particularly important for insureds. Here’s how retail agents and brokers can help.

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CRC Claims Advocacy Team Challenged Claim Denial and Won

CRC Claims Advocacy Team Challenged Claim Denial and Won

Claim denials are stressful for insureds and can strain their relationships with retail risk advisers. When an insurer denied a recent bodily injury claim, the insured’s broker turned to CRC Group for help. CRC’s Claims Advocacy Team went to work to challenge the claim denial.

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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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Excess & Umbrella REDY® Index January 2024
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Private D&O REDY® Index January 2024
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Errors & Omissions REDY® Index January 2024
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