News - Tools & Intel | CRC Group
Kidnap and Ransom Coverage Proves Its Worth in a Crisis

Kidnap and Ransom Coverage Proves Its Worth in a Crisis

It’s a frightening scenario for any organization—an employee is kidnapped while traveling or working abroad and held for ransom. Faced with a potentially life-and-death situation, family members and corporate managers have little time to decide how best to respond to the kidnappers’ demands and maximize the chances of a safe return. In such situations, kidnap and ransom insurance proves its worth. Kidnap and Ransom policies provide timely access to crisis and security experts to quickly deploy the most appropriate strategies for these dangerous situations. While the policies indemnify insureds for ransom and other expenses associated with a kidnapping, the accompanying crisis management services are among the strongest reasons for purchasing the coverage.

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Opioid Crisis Risks Rising for Healthcare Industry

Opioid Crisis Risks Rising for Healthcare Industry

The health care sector is caught in the crosscurrents of the opioid crisis. Easing pain is an integral goal of medical treatment, and when it comes to severe pain, prescription opioids have proven very effective. Opioid pain relievers, however, can be highly addictive and are often abused.

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Insurisk Exclusive Patent Facility

Insurisk Exclusive Patent Facility

This is a brand new and unique policy offering three levels of coverage depending on type of Patent Infringement.

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How to Prepare Clients for Changes in the Senior Living Insurance Market

How to Prepare Clients for Changes in the Senior Living Insurance Market

A market correction in liability insurance for senior living care facilities is already underway. Accounts in this segment are beginning to see steep increases at renewal. Continuing claims frequency and increasing severity in senior services are prompting insurers to raise the cost of coverage. Retail agents can provide valuable guidance to their clients through these changing conditions. Providing underwriters with additional details — especially about improvements to facilities’ operations and staffing procedures — can enhance a client’s risk profile and result in more favorable consideration of the client’s account. Here are some tips to prepare operators of senior living care facilities for the market shift and to state their case to underwriters.

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Complexity Clouds Market for Financial Institutions

Complexity Clouds Market for Financial Institutions

Financial institutions have rebounded and are stronger overall since the subprime loan crisis more than a decade ago, and nonbank lending has emerged as a high-growth business. Even though capacity for financial institution risks remains plentiful, some insurers have become more conservative in their appetites for certain classes and sizes of business. While certain accounts are seeing higher premiums rise due to increased exposure, some new market entrants are pricing accounts aggressively low. What does all this mean for retail agents? Financial institution clients need help to navigate a complex marketplace to obtain the best coverages and pricing.

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How to Avoid the Uncertainty Mark-up for Catastrophe Coverage
How to Avoid the Uncertainty Mark-up for Catastrophe Coverage
New Florida Law Strengthens Apartment Safety Regulations
New Florida Law Strengthens Apartment Safety Regulations
Cyber Loss Control: Security Scans Have Pros and Cons
Cyber Loss Control: Security Scans Have Pros and Cons
2022 Excess Habitational State of the Market
2022 Excess Habitational State of the Market
Representations & Warranties Coverage Protects M&A Deals
Representations & Warranties Coverage Protects M&A Deals
Possible Insurance Implications of Roe v. Wade Overturn
Possible Insurance Implications of Roe v. Wade Overturn
2022 Energy State of the Market
2022 Energy State of the Market
Private D&O REDY® Index June 2022
Private D&O REDY® Index June 2022
Excess & Umbrella REDY® Index June 2022
Excess & Umbrella REDY® Index June 2022
Cyber REDY® Index June 2022
Cyber REDY® Index June 2022
Property REDY® Index June 2022
Property REDY® Index June 2022
Senior Living Market Easing but Reprieve May be Brief
Senior Living Market Easing but Reprieve May be Brief