News - Tools & Intel | CRC Group
Parametric Insurance Begins to Make an Impact

Parametric Insurance Begins to Make an Impact

Parametric insurance has made its biggest impact so far with catastrophe bonds covering large-scale risks, such as hurricanes and earthquakes, but the concept is becoming more common in commercial and residential insurance. It’s called parametric because rather than responding to a specific loss, the coverage pays out when an agreed “metric” such as wind speed or ground shaking reaches or exceeds certain intensity. Insurers are offering such coverage based on a wide variety of other metrics, including barometric pressure, rainfall, average snowfall, river water levels, storm surge as measured by tide gauges and even hotel occupancy rates.

read more

 

Carriers Shift More Risk Onto Builders For Multi-Family Frame Projects
Carriers Shift More Risk Onto Builders For Multi-Family Frame Projects
Email Filtering: A Common Sense Tool for Preventing Cyber Crime
Email Filtering: A Common Sense Tool for Preventing Cyber Crime
Self-Insured Workers' Compensation Often Leaves Expensive Coverage Gaps
Self-Insured Workers' Compensation Often Leaves Expensive Coverage Gaps
Insurers Hold a Hard Line on Reported Property Values in 2022
Insurers Hold a Hard Line on Reported Property Values in 2022
Property REDY® Index March 2022
Property REDY® Index March 2022
Excess & Umbrella REDY® Index March 2022
Excess & Umbrella REDY® Index March 2022
Private D&O REDY® Index March 2022
Private D&O REDY® Index March 2022
Cyber REDY® Index March 2022
Cyber REDY® Index March 2022
State of the Market at a Glance | Casualty, Property, ExecPro, Personal Lines, Construction
State of the Market at a Glance | Casualty, Property, ExecPro, Personal Lines, Construction
Partnering With a PEO? Watch Out for EPL Coverage Gaps
Partnering With a PEO? Watch Out for EPL Coverage Gaps
Claims Litigation Comes Back to the New Legal Normal
Claims Litigation Comes Back to the New Legal Normal
Property Deductible Solutions to Save Money and Meet Lender Requirements
Property Deductible Solutions to Save Money and Meet Lender Requirements