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Cyber REDY® Index April 2023

Cyber REDY® Index April 2023

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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Florida Aims to Rebuild Homeowners Market with Reform Law

Florida Aims to Rebuild Homeowners Market with Reform Law

More people are making claims on their homes in Florida than in any other state. Unfortunately, The Sunshine State leads not only in population growth but also in soaring homeowners insurance rates and claims litigation. Those trends have combined to create widespread turmoil in Florida’s property insurance market that the State is now seeking to quell with a reform package. On Dec. 14, 2022, Florida Governor Ron DeSantis signed property insurance reform bill Senate Bill 2-A into law. The new law seeks to cut down on lawsuits while mandating that insurers process and pay claims faster, but property owners will also have to take a more active role. This means partnering with knowledgeable wholesale brokers able to provide guidance on how the reform law impacts property owners will be more important than ever.

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Telemedicine Is Here to Stay & It’s Impacting the Insurance Needs of Healthcare Providers

Telemedicine Is Here to Stay & It’s Impacting the Insurance Needs of Healthcare Providers

When utilized appropriately telemedicine can enhance interactions among providers to improve patient care, support provider-to-provider training, expand service capacity, and enable physicians to manage patients with multiple chronic conditions from a distance by remotely monitoring patient health and activities (source 7). Telemedicine is not new, but with the emergence of COVID in 2020 the utilization of telemedicine exploded. The trend lines indicate that the use cases will continue to expand as will the patient base that has grown accustomed to the delivery model.

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Simple Steps to Help Take the Bite out of Workers’ Compensation Losses

Simple Steps to Help Take the Bite out of Workers’ Compensation Losses

It comes as no surprise to employees or business owners that healthcare costs are on the rise. Many have felt the pinch of premium increases, higher deductibles, and soaring prescription drug prices. Unfortunately, those changes also serve to increase the total cost of Workers’ Compensation (WC) claims, making mitigating WC claim costs and controlling losses a primary concern for companies as claims get pricier and severity increases (source 2).

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2023 State of the Market at a Glance | Casualty, Construction, ExecPro, Healthcare, Personal Lines, & Property

2023 State of the Market at a Glance | Casualty, Construction, ExecPro, Healthcare, Personal Lines, & Property

Not sure what to expect when it comes to premium or terms and conditions? Interested in which lines of business may be seeing limited capacity or markets? Learn what to expect in the 2023 marketplace with our annual easy-to-read quick reference guide.

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Evolving PFAS Regulations Heighten Environmental Risks
Evolving PFAS Regulations Heighten Environmental Risks
SEC Update: New Cybersecurity Disclosure Rules
SEC Update: New Cybersecurity Disclosure Rules
Opportunities Rising in the Private Flood Insurance Market
Opportunities Rising in the Private Flood Insurance Market
Liquor Liability Market Challenging for Many in 2023
Liquor Liability Market Challenging for Many in 2023
The Water Crisis Presents Risks Beyond Drought
The Water Crisis Presents Risks Beyond Drought
Law Firms: Considerations When Utilizing Generative AI
Law Firms: Considerations When Utilizing Generative AI
Public Works Projects Face a Challenging Casualty Insurance Market
Public Works Projects Face a Challenging Casualty Insurance Market
Cyber REDY® Index July 2023
Cyber REDY® Index July 2023
Excess & Umbrella REDY® Index July 2023
Excess & Umbrella REDY® Index July 2023
Private D&O REDY® Index July 2023
Private D&O REDY® Index July 2023
Property REDY® Index July 2023
Property REDY® Index July 2023
Hard Property Market, Slowing Economy Complicate Builder’s Risk
Hard Property Market, Slowing Economy Complicate Builder’s Risk