Gain valuable insight into the ever-changing E&S property market with CRC Group's property brokers, David Christopher and Jonas Williams. This episode peels back the layers of market trends as the calendar flips from 2023 to 2024, highlighting the significant role of quota share and layered business in navigating complex accounts. Get ready to gras…

Learn how to traverse the evolving cosmetics industry regulatory landscape with CRC Group Casualty Brokers John O'Malley and Chris Martin. They discuss the changes brought into effect by the Modernization of Cosmetics Regulation Act as well as its ripple effects across the industry. From increased reporting and FDA registration to the increased ris…

Listen in as Lee McClure a Senior Healthcare Broker with Team CRC in Birmingham, Truitt Taylor, a Broker with CRC Group’s Jackson, MS office, and Rebecca Adelman, founder of Adelman Claims Management, discuss the terrain of the senior living insurance marketplace. Our guests discuss evolving litigation trends, from staffing quandaries to medication…

Are you ready to navigate the security guard insurance market? Prepare to arm yourself with the essential knowledge shared by industry specialists Vince Polese and Greg Zschiesche . In our latest episode, we tackle the shrinking pool of insurers, dissect the nuances of liability concerns that have come to the forefront with cases like the Surfside …

In this episode we attempt to unravel the complexities of Habitational property insurance with Daniel Ball, a Property Broker with CRC's Boca Raton, FL office and David Pagomian, President of CRC's Red Bank, NJ office. Join us as we traverse the labyrinth of skyrocketing property valuations and the resultant seismic shifts in coverage layers. The s…

As the world of remote work continues to explode, so does the need for robust cybersecurity solutions. In our latest episode, we're joined by Chris Zepeda, an Associate Broker with CRC Group’s Boca Raton, FL office, and Alexandra Kish, an Associate Broker with our Dallas, TX office. They are going to enlighten us on the often misunderstood, yet inc…

Today we’re jumping into the deep end with Ben Tschepikow, a Broker with Argenia, a CRC Group Company located in Little Rock, AR as well as Emma Grimshaw, an Underwriting Manager with Liberty Specialty Markets in London. They're going to discuss navigating today's flood insurance market. Visit REDYIndex.com for critical pricing analysis and a snaps…

The holidays will be here before we know it and with the holidays come parties, and social gatherings with colleagues, friends, and family. Alcohol also tends to flow a little more freely than at other times of the year, making it a perfect time for us to explore the world of liquor liability insurance. Today we're in the studio with CRC Sumter Off…

July 1st property renewals saw high prices and capacity cuts, but in the middle the toughest property market in recent history, the stock throughput market offered some relief. Today, Amanda and Scott are joined by Ted Clayton, a Senior Property Broker & Office President of CRC Group’s Santa Ana, California office, and Farrah Schubmehl, Senior Prop…

PFAS have been referred to by some as the next asbestos when it comes to their potential health impacts and claims potential. Today, Amanda and Scott are joined by Jim Hamilton, Senior Broker and CRC Group’s Environmental Practice Group Leader, as well as Sean McLaughlin, Inside Broker, with our Philadelphia office. Both specialize in Environmental…

Significant changes are coming to the farming industry. The FDA’s recent traceability rule changes increase the product recall risk for food producers. Today, Scott and Amanda are joined by Jon O’Malley an Associate Broker with CRC Group's Minneapolis office where he specializes in Product Recall exposures, as well as Chris Martin, also a Casualty …

We're delving into the challenges and opportunities when it comes to insuring public works construction in the U.S. in light of the pressing need for nationwide infrastructure upgrades. Amanda and Scott are joined by Jeff Dunn and Ryan Nadler, Casualty Brokers with CRC Group’s Norcross, Georgia office as well as Josh Levy, Casualty Broker with our …

Pixels and Biometrics are a hot topic. They’ve been referred to by some as the next asbestos when it comes to their potential health impacts and claims potential. Today, Scott and Amanda are joined by Mike Edmonds, an Assistant Vice President with CRC Group’s Seattle office where he specializes in Cyber & Technology, E&O, Healthcare, and Management…

The cannabis industry continues to grow rapidly. It’s expected to be worth $134.4 billion by 2030. With that kind of growth, it’s clear the industry is shedding its taboo status in some areas, but many insurance carriers are still hesitant to consider cannabis coverage, and the majority of insurance business finds a home in the E&S marketplace. In …

Telemedicine is here to stay and it’s impacting the insurance needs of healthcare providers. In this episode, Amanda and Scott are joined by Josh Anderson and Conner Madey - Brokers with CRC Group’s Chicago Office where they specialize in Healthcare Liability, as well as Scott Scheiblin, a Broker with CRC Group’s Denver office. The topic: How telem…

All it takes is one bad batch of inventory to cause a foodborne illness outbreak in a restaurant, which can be a costly risk for owners. The fallout can include lost inventory, a drop in sales, and long-term reputational damage. Unfortunately, many restaurants don’t carry foodborne illness insurance, which can cover the financial and reputational f…

The trucking industry faced several challenges in 2022, but rate growth for primary auto insurance flattened for the first time in years. Today, Amanda and Scott are joined by Chris Slezak, Director of CRC Group’s Central Transportation Region, Julie Sirois, Director of CRC Group’s Northeast Transportation Region, and Alek Turko, Managing Underwrit…

Cybercriminals have turned the internet into a virtual battlefield, but insurers are increasingly worried about the growing risks that actual war and state-sponsored attacks pose to the market. Many insurers are adding new cyber war and terrorism exclusions to their cyber policies that further complicate an already complex marketplace. Amanda and S…

These days utilizing only a Virtual Private Network may not be enough to qualify for a cyber insurance policy. Insurers want companies to have not only a VPN but also Multi-Factor Authentication in place for remote network access. Unfortunately, many clients don’t understand the need to use both together. Many assume a VPN is enough to protect agai…

The pandemic exacerbated healthcare staffing shortages, pushing many organizations to rely on staffing agencies for help. However, this can increase the risk of claims. Because claim severity continues to be an issue, many markets have narrowed their appetite or chosen to exit the sector entirely, creating a harder insurance landscape for healthcar…

From electronic logging devices (ELDs) to logistics and maintenance software, trucking companies are utilizing innovative technologies to improve efficiency and connectivity. Unfortunately, this often leads to increased cyber risk. In this episode we talk with two of CRC Group’s brokers - Chris Hunter, a Broker specializing in Transportation with C…

Behavioral healthcare providers can help mitigate growing violence rates by adequately assessing the risk of violence a patient presents toward others. The right behavioral healthcare assessments can help protect people from harm and prevent professional liability claims. In this episode, we’re joined by Sue Cohen, the Executive Vice President of N…

In 2021, 19-year-old Orlando student Miya Marcano was tragically killed in her apartment by a 27-year-old maintenance employee with access to her apartment complex’s master key fob. In response to this tragedy and a growing trend of violence, Florida Governor Ron DeSantis signed Senate Bill 898, known as “Miya’s Law,” at the end of June 2022. The n…

Hurricane Ian has proved to be a significant event for the insurance industry. In this episode, we talk with Nationally Renowned TV Meteorologist James Spann from ABC 33/40 in Birmingham, AL. Also, Chris Carlson, the property practice leader for CRC Group, joins us to talk about the damage estimates and what this means for the insurance industry. A…

Uncertainty can prove costly when it comes to purchasing property insurance. When pricing catastrophe risks, underwriters must be able to quantify them accurately. Where uncertainties arise, underwriters often adjust prices in an attempt to compensate for the unknown or decline the risk entirely. Uncertainty also tends to drive up the loss estimate…

After a year of slashed demand in 2020, global oil demand surged in 2021 as the world began to recover from the coronavirus pandemic. In 2022, energy demand and commodity prices are still up, indicating that the energy industry is strong (source 3). Refineries are operating at approximately 95% capacity, and many companies would like to expand oper…

Senior Living Market Easing but Reprieve May be Brief After a year or two of hardening, the insurance market for senior living facilities took another hit in 2020 due to the COVID-19 pandemic’s new wave of compounding challenges. Brokers working with these healthcare organizations were warned to keep a wary eye on increased liability and tighter un…

Matthew Rosencrans from the NOAA Climate Prediction Center takes us through the future of property risk, including hurricanes, climate change, and more. Is climate change causing sea levels to rise? The answer may surprise you! How many named storms will we see in 2022? According to the best data, what can we expect in the next 5 to 10 years? After…

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 expectatio…

In today's economic environment, many companies have difficulty hiring and retaining sufficient staff to operate. More small and mid-sized companies without dedicated internal administrative or HR staff partner with Professional Employer Organizations (PEOs) to help offload administrative burdens. In addition to providing HR, benefits, and payroll …

Over the last decade, third-party litigation funding (TPLF) has evolved into a $17 billion industry worldwide, and 52% of that money is being spent in the U.S., making TPLF a key contributor to social inflation, hiking up jury awards and claim settlements that may have a significant impact on insurance prices and coverage availability. What is it? …

The deadly collapse of a 12-story beachfront condominium north of Miami Beach sent shockwaves through the Florida insurance market. One wing of the 40-year-old Champlain Towers in Surfside, Florida, crumpled to the ground suddenly on June 24, 2021, killing 98 people. Several carriers have exited the Florida property market as total settlements rise…

Flooding continues to be the most expensive and the most common natural disaster in the United States, resulting in billions in economic losses every year. According to the National Flood Insurance Program (NFIP), 90% percent of all U.S. natural disasters involve flooding. In October 2021, the NFIP implemented its Risk Rating 2.0 program, one of th…

Transitioning markets make for tougher renewals. Rising prices, carrier repositioning, and stricter underwriting are combining to make this year’s renewals more challenging. Seeking to tame natural catastrophe losses, carriers are changing appetites, scaling back capacity in some markets, and exiting others. Those changes have helped drive submissi…

Contractors may assume they don’t need professional liability coverage. But, as the traditional construction delivery model evolves and the lines of responsibility between contractors and design firms blur, contractors face increased exposure. Fortunately, professional liability insurance is available to help protect contractors from the risks that…

Following a soft market cycle characterized by marked underpricing, an excess casualty market that was hardening in 2019 is now firm. Underwriters continue to look for rate increases and cut capacity as large claims climb the tower. Three CRC Group Producers who specialize in Casualty weigh in on the current conditions of the market. Featuring: Jas…

Healthcare is a diverse industry, ranging from individual practitioners and home health nurses to ambulatory care centers and integrated systems with revenues in the billions of dollars. The risks along that spectrum also vary widely, but the insurance marketplace for healthcare organizations has been almost uniformly tight. Several insurance compa…

Costly litigation alleging violations of the Telephone Consumer Protection Act (TCPA) has made coverage hard to get for businesses that contact customers and prospects by phone or text. We explore why markets for TPCA risks are scarce and how to work with a knowledgeable wholesale broker to help insureds. Featuring: Harold Field is Office President…

Visit TheInsurer.com for more information about this interview. Recently, CRC Group's CEO Dave Obenauer sat down with David Bull from the Insurer to discuss the state of the E&S Marketplace. It was a great conversation, and we're happy to share it with you. "Strong growth in the E&S market shows no sign of letting up as a confluence of loss events,…

Featuring: Camille Knight is a Senior Broker with our CRC Indianapolis team, located in Kentucky. She has extensive experience and specializes in aviation relation risks. As the aviation industry rebounds from a massive pandemic-induced downturn, aviation insurance rates are rising as insurers seek to address prior-year losses and the industry’s ev…

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 expectation…

Amid the stubborn coronavirus pandemic, institutional capital and developer investment has paused, forcing contractors to take a wait-and-see approach for their direction in 2021 and beyond. While the industry cheered the economic comeback of the third quarter after a record second-quarter slowdown, developers and builders remain cautious, particul…

Americans learned just how vital the trucking industry is to daily life during the early days of the COVID-19 pandemic. Truck drivers all across the country witnessed an outpouring of public recognition and gratitude as the nation coped with shipping delays and supply shortages\. As the economy works to recover, trucking will continue to play an es…

The road ahead may be opening up in the primary auto market after last year’s nationwide economic dislocation brought on by the pandemic. The trucking industry, in particular, endured months of turmoil amid massive shifts in demand as people nationwide began not only working from home—but also staying at home after work. In commercial auto, the shu…

Wage and Hour (W&H) exposure is an often misunderstood and frequently underinsured risk. It is commonly — and incorrectly — assumed that W&H claims are restricted to either misclassification of exempt/non-exempt employment status or failure to pay overtime. However, W&H liability also includes allegations such as underpayment of overtime, miscalcul…

The West Coast has its unique challenges like earthquakes and wildfires. These factors make for a property market that is diverse and ever-changing. In this episode, we check in with two CRC property specialists who have a lot of experience dealing with West Coast property. How tough are rates and capacity? How long will the challenging market last…

Week after week, hackers and cybercriminals launch new phishing campaigns, develop creative digital extortion threats, and expand scams with the potential to negatively impact business operations in a big way. Cyberattacks can halt online operations in only minutes and take weeks to resolve. In addition, a cyberattack that involves the loss of cust…

Mold has been a part of our environment for millions of years, and there are more than 100,000 mold species naturally occurring on Earth. While mold spores are tiny in size, they can mean big trouble for hotels and resorts. Mold has consistently been a loss leader for the hospitality industry insurers, but its impact has expanded over the last few …

At the beginning of the COVID-19 pandemic, employers moved quickly to develop and implement remote work-from-home protocols to protect employees. Almost a year since it all began, employers are starting to develop return to work plans. Well-known finance giants, Goldman Sachs, and JPMorgan Chase, are delaying their return after initially attempting…

The property market remains challenging in 2021. How are agents, wholesalers, and markets dealing with the hard market? We discuss a wide range of issues surrounding the difficult Property market. Featuring: David Pagoumian is the President of the CRC Red Bank, NJ office. David specializes in property placements and is an active member of the Prope…