Placing You First Insurance Podcast | CRC Group The Placing Your First Podcast

Placing You First Insurance Podcast by CRC Group

Smoother Ride Ahead for Primary Auto

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 shutdown-induced reduction in traffic congestion may have brought a decline in accident frequency. That would be welcome news for insurers in a market where the combined ratio overall has remained above 100 for a decade.

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Understanding Wage and Hour Exposures

Understanding Wage and Hour Exposures Audio

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, miscalculation of wages, refusal to allow employee breaks, expecting off-the-clock work, not paying employees regularly, refusal to pay exempt employees for absences, not paying for time required to put on or remove protective gear or clothing, and only adhering to federal minimum wage guidelines when state guidelines warrant higher pay. Featuring: Allyson Benda is a Senior Broker, Vice President located in CRC’s Nashville office, and a member of the ExecPro Advisory Committee.

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The State of the Insurance Market for West Coast Property

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? Are there any signs of easing? Featuring two members of CRC’s Property Practice that writes over $3 billion in property premium annually: Jim Sipich is a broker from the CRC San Francisco office. Jonathan White is a broker from the CRC’s Bothell office.

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Preparing Clients Against the Impact of Cyberattacks

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 customer data can result in expensive litigation that seriously impacts a company’s bottom line. Featuring: Darren Valencia is a Vice President located in CRC’s Nashville office an active member of the ExecPro practice group and a member of the Cyber Specialty Team. Mark Smith is a Senior Vice President in CRC’s Seattle office. He is an active member of the ExecPro practice group and a member of the Cyber Specialty Team.

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