News - Tools & Intel | CRC Group
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 Relying on outdated valuation data means premium hikes hit much harder at renewal than they would if an insured reported more current values year over year, which would result in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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Excess & Umbrella REDY® Index March 2022

Excess & Umbrella 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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Private D&O REDY® Index March 2022

Private D&O 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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Why Every Restaurant Needs Foodborne Illness Insurance
Why Every Restaurant Needs Foodborne Illness Insurance
VPN & MFA: Why Cyber Insurance Applicants Need Both
VPN & MFA: Why Cyber Insurance Applicants Need Both
OPPI: Professional Liability Designed for Project Owners
OPPI: Professional Liability Designed for Project Owners
Secondary Perils Turn into a Primary Concern for Insurance Buyers
Secondary Perils Turn into a Primary Concern for Insurance Buyers
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How Digitization Is Driving Cyber Risk for Motor Carriers
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Florida Residential Subcontractors Have Fewer Market Options
State of the Market: D&O Liability
State of the Market: D&O Liability
Hyperinflation is Hitting the Construction Industry Hard
Hyperinflation is Hitting the Construction Industry Hard
The Challenges of Insuring Healthcare Staffing Companies
The Challenges of Insuring Healthcare Staffing Companies
Cyber REDY® Index October 2022
Cyber REDY® Index October 2022
Property REDY® Index October 2022
Property REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022
Excess & Umbrella REDY® Index October 2022