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Retail Agencies Brace for Coming Wave of E&O Claims in 2021

Retail Agencies Brace for Coming Wave of E&O Claims in 2021

2020 was packed with the kind of events that spark claim lawsuits, including the COVID-19 pandemic and subsequent lockdowns that depressed the economy, stressed healthcare systems, and drained both personal and business funds. Last year also saw an increase in cyberattacks, multiple hurricanes, and other disasters that have helped to solidify a hard insurance market for many lines.

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Understanding & Navigating 2021’s Hard Healthcare Market

Understanding & Navigating 2021’s Hard Healthcare Market

While the COVID-19 pandemic offered new challenges, the healthcare market was already primed to be tough in 2021. After more than 10 years of a soft market and deteriorating results, it started to turn in the latter half of 2019. Launching into the new year, significant rate and retention increases, lower limits, and more policy movement toward claims made, was expected. However, the coronavirus amplified all of these issues, and while market adjustments were sorely needed, it remains unclear how long it will take to bring the business back to profitability.

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Surge in Excessive Fee Litigation is Impacting Fiduciary Liability Insurance

Surge in Excessive Fee Litigation is Impacting Fiduciary Liability Insurance

Excessive fee litigation originally began to emerge in the early 2000s, and has now reached an all-time high.

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Are Your Clients’ Home-Share Rentals Covered?

Are Your Clients’ Home-Share Rentals Covered?

Rapid spread of the coronavirus required social distancing and caused temporary closure of popular tourist sites around the world. As destinations reopen and some rescheduled travel plans, home-sharing is once again a viable option for resuming travel while staying outside crowded areas.

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Severity and Frequency of Truck Accidents is on the Rise

Severity and Frequency of Truck Accidents is on the Rise

Commercial trucking often serves as a trusted barometer for the U.S. economy. In 2019, America’s truckers carried 11.84 billion tons of freight and generated $791.7 billion in revenue*.

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Stresses Ease in California Earthquake Market
Stresses Ease in California Earthquake Market
Claims Advocacy Team Gets Carrier to Rescind Denial of Defense for Slip-and-Fall
Claims Advocacy Team Gets Carrier to Rescind Denial of Defense for Slip-and-Fall
Creativity Holds the Key to Dealer Open Lot Market
Creativity Holds the Key to Dealer Open Lot Market
Marketplace Tight for Healthcare Risks Despite New Capacity
Marketplace Tight for Healthcare Risks Despite New Capacity
2021 Excess Casualty Market Remains Firm
2021 Excess Casualty Market Remains Firm
New York Construction Market Steady Post-Pandemic
New York Construction Market Steady Post-Pandemic
Why Consider Personal Umbrella Insurance?
Why Consider Personal Umbrella Insurance?
CRC Helps Financial Services Firm Achieve Reversal of Coverage Denial and Agreement to Defend E&O Claim
CRC Helps Financial Services Firm Achieve Reversal of Coverage Denial and Agreement to Defend E&O Claim
Insurance Landscape Hardens Further as Wildfires Rage
Insurance Landscape Hardens Further as Wildfires Rage
Excess Liability: Do Follow-Form Policies Really Follow Form?
Excess Liability: Do Follow-Form Policies Really Follow Form?
CRC’s Claims Advocacy Helps Medical Imaging Center Obtain Carrier Agreement to Defend Wage & Hour Claim
CRC’s Claims Advocacy Helps Medical Imaging Center Obtain Carrier Agreement to Defend Wage & Hour Claim
Property Insurance: Inflation & Rising Building Costs Create ITV Challenges
Property Insurance: Inflation & Rising Building Costs Create ITV Challenges