News - Tools & Intel | CRC Group
Excess and Umbrella Markets Continue to Change in 2020

Excess and Umbrella Markets Continue to Change in 2020

The first quarter of 2019 saw the excess and umbrella markets start to move toward tighter underwriting, and each quarter since has seen the market get firmer. The second half of the year brought greater capacity restrictions, higher prices, and significant challenges around program structure, due in large part to nuclear jury awards that have hit excess and umbrella lines like never before. Brokers that succeed in 2020’s changing market will depend on creativity, proactive strategic planning, and strong carrier relationships to help clients weather the storm.

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Sharing Economy Companies Have Unique Insurance Needs

Sharing Economy Companies Have Unique Insurance Needs

The sharing economy reaches far beyond rides and vacation rentals. Entrepreneurs are creating on-demand solutions wherever the sharing approach shows promise, targeting everything from services such as deliveries, home repairs and gardening to sharing personal property including baby strollers, tools and formal wear.

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Truck Accident Frequency and Claims Severity on the Rise

Truck Accident Frequency and Claims Severity on the Rise

Commercial trucking serves as a barometer for the economy. It represented nearly 71% of the tonnage carried by all modes of domestic freight transportation in 2017, including manufactured and retail goods. With more trucks on the road, there were also more accidents, including a rise in fatalities. Trucks were involved in 59% more accidents per mile than in 2010, despite the new technologies and the best efforts of regulators, according to the American Trucking Association (ATA). Further, the number of people who died in large truck crashes was also 30% higher than in 2009, when it was the lowest it has been since the collection of fatal crash data began in 1975.

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State of the Market: Energy

State of the Market: Energy

Much like energy resources themselves, the insurance marketplace for energy-sector businesses has abundant capacity. There is, however, upward pressure generally on rates in 2019, and some tightening in excess liability coverages specifically. To obtain the broadest coverage at optimal pricing, retail agents and their insureds should approach the marketplace in a strategic way and explore options for structuring their energy insurance programs.

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State of the Market: Excess Trucking

State of the Market: Excess Trucking

Increasing frequency and severity in commercial auto claims are causing the marketplace for excess trucking liability to become even more turbulent. Trucking insurers have faced several years of challenging business conditions, and many are now forced to reduce the limits they offer and increase rates significantly for trucking risks.

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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
Anti-Phishing Training Helps Employees Avoid Cyberattacks
Anti-Phishing Training Helps Employees Avoid Cyberattacks
State of the Market: Excess Trucking in 2022
State of the Market: Excess Trucking in 2022
Wildfire Risk is Growing for U.S. Homeowners
Wildfire Risk is Growing for U.S. Homeowners
Carriers Shift More Risk Onto Builders For Multi-Family Frame Projects
Carriers Shift More Risk Onto Builders For Multi-Family Frame Projects