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.
EMPLOYMENT PRACTICES LIABILITY REDY® INDEX - January 2025
MONTHLY RENEWAL PRICING ANALYSIS
WHY YOUR RESULTS MAY DIFFER
Results displayed above reflect average CRC Group's Employment Practices Liability (EPL) renewal pricing changes by month (over the previous 12 months). Results are limited to brokerage accounts that renewed in the same month as the prior year with the same total account limits. To remove outliers, the top and bottom 1% of accounts by YoY % change have been removed, as well as the top and bottom 1% of accounts by rate on line (Premium/Limit*100). The REDY Index is intended for educational purposes only as individual accounts typically differ from average pricing trends.
EPL EMERGING ISSUES
- EPL rates remain competitive on clean accounts. Most renewals are coming in flat or with small increases. Underwriters have been increasing retentions which will likely continue throughout 2025, along with more common separate class action retentions and state specific retentions for CA or NY and for higher wage earners.
- Limited carriers are beginning to offer BIPA sublimits for defense costs. Not all markets freely give this coverage – it may have to be requested and/or require additional underwriting questions. FLSA and IRCA defense sublimits are available on most accounts unless there are specific prior claim issues.
- Tough classes include healthcare, auto dealers, restaurants, retail staffing agencies, technology, and lawyers.
- California EPL rates have cooled off. Most clean account renewals are flat, but California remains problematic for insurers.
- Capacity is relatively stable and coverage readily available.
- Underwriters will keep an eye out for the following issues which could have an impact on rates either globally or specifically by insured: ESG, pay equity, privacy, or sexual harassment. Questionnaires might be required.