Shows
Placing You First Insurance Podcast by CRC GroupUncertainty Mark-up for Catastrophe CoverageUncertainty can prove costly when it comes to purchasing property insurance. When pricing catastrophe risks, underwriters must be able to quantify them accurately. Where uncertainties arise, underwriters often adjust prices in an attempt to compensate for the unknown or decline the risk entirely. Uncertainty also tends to drive up the loss estimates produced by CAT modeling tools used to help underwrite property coverage today. To avoid paying unnecessarily high prices, insureds should provide detailed data that creates a complete and accurate picture of their exposures in a schedule of values. Complete submissions based on more precise data are likely...2022-09-2114 min
Placing You First Insurance Podcast by CRC GroupDealing with a Hard Property MarketThe property market remains challenging in 2021. How are agents, wholesalers, and markets dealing with the hard market? We discuss a wide range of issues surrounding the difficult Property market.Featuring:David Pagoumian is the President of the CRC Red Bank, NJ office. David specializes in property placements and is an active member of the Property Practice Advisory Committee.Subscribe to Tools & Intel (email newsletter)Read Past Tools & Intel ArticlesFollow CRC Group on LinkedIn Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace. ...2021-02-1822 minPlacing You First Insurance Podcast by CRC GroupInsurers Take a Harder Line on Reported Property ValuesBecause property premiums are based on the value of the property, many insureds have sought to save money over the years by reporting lower values. While that tactic can bring cost savings in the short term, it works against the longer-term best interests of both the insured and the industry. Should a catastrophe strike, a business that’s underinsured may not have sufficient funds to rebuild or make it through an extended shutdown.BOTTOM LINERisk cannot be adequately managed without a true picture of the risk. The best way to obtain the most cost-efficient coverage is...2020-06-0217 minPlacing You First Insurance Podcast by CRC GroupREDY Search, Concussion Risks, and State of the Habitational MarketWe talk to Neil Kessler, Chief Operating Officer of CRC Group, about REDY Search.REDY® Search Delivers Data-Driven Market SelectionThe Excess & Surplus (E&S) insurance market is in a state of change as we experience multi-billion-dollar catastrophe losses, increasing claim severity and frequency, the market is responding with rising rates, decreased capacity, and some insurers exiting certain types of business entirely. In this fast-paced, ever-changing market, how can clients ensure their wholesale broker is staying on top of the changing market conditions? Learn how CRC Group's new REDY.Search uses data-driven market recommendations to f...2019-11-0530 min