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Excess & Umbrella REDY® Index Q1 2024

Excess & Umbrella REDY® Index Q1 2024

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. 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 January 2024

Excess & Umbrella REDY® Index January 2024

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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Many SPACs Wind Down While Litigation May Loom for Others

Many SPACs Wind Down While Litigation May Loom for Others

A special purpose acquisition company, or SPAC, is a company without commercial operations formed solely to raise capital through an initial public offering (IPO) or to merge with or acquire an existing company. Sometimes called “blank check companies,” SPACs have been around for decades, but their popularity has skyrocketed in recent years. In 2020, 247 SPACs with $80 billion invested were created, and 2021 saw a record 613 SPAC IPOs. By comparison, 2019 saw only 59 SPACs hit the market. During the 2020-2021 SPAC boom, the business model attracted well-known names including Deutsche Bank, Goldman Sachs, and Credit Suisse as well as many retired or semi-retired senior executives (source 2). However, while SPACs are still happening, their popularity is likely cyclical, as evidenced by the wind-down of many SPACs at the end of 2022 (source 8). Whether a SPAC completes a deal or not, there are still risks to be carefully considered.

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Homeowner Association D&O Market Tightening

Homeowner Association D&O Market Tightening

Since the 1970s, American neighborhoods have been increasingly governed by homeowner associations (HOAs)(source 2). Condominium or apartment buildings and subdivisions are often run by an HOA led by a board of directors comprised of a small group of volunteer homeowners (source 1). The nature of an HOA's responsibilities can be broad, ranging from establishing an annual budget and collecting dues or fees to maintaining common areas, enforcing rules or regulations, and more. With much to do and a wide variety of preferences under their prevue, HOAs often cannot please every homeowner.

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Soften the Impact of Percentage Deductibles
Soften the Impact of Percentage Deductibles
A Few Tips to Avoid Late Claims Reporting
A Few Tips to Avoid Late Claims Reporting
How Are Increasing Convective Storms Impacting Homeowners?
How Are Increasing Convective Storms Impacting Homeowners?
Heavy Construction Equipment Places Weighty Demands on Insurance
Heavy Construction Equipment Places Weighty Demands on Insurance
Protecting Creativity: Why Brands & Influencers Need Media Liability Coverage
Protecting Creativity: Why Brands & Influencers Need Media Liability Coverage
A Look at the Energy Market
A Look at the Energy Market
Uncovering Hidden Challenges: Navigating Problematic Healthcare Exposures
Uncovering Hidden Challenges: Navigating Problematic Healthcare Exposures
Property REDY® Index Q4 2024
Property REDY® Index Q4 2024
Excess + Umbrella REDY® Index Q4 2024
Excess + Umbrella REDY® Index Q4 2024
Private D+O REDY® Index Q4 2024
Private D+O REDY® Index Q4 2024
Employment Practices Liability ® Index Q4 2024
Employment Practices Liability ® Index Q4 2024
Errors + Omissions REDY® Index Q4 2024
Errors + Omissions REDY® Index Q4 2024