57 episodes

The Placing You First Podcast spans a diverse spectrum of insurance industry issues to keep you and your clients informed.

Placing You First Insurance Podcast by CRC Group CRC Group

    • Business
    • 4.6 • 36 Ratings

The Placing You First Podcast spans a diverse spectrum of insurance industry issues to keep you and your clients informed.

    Is Third-Party Litigation Funding Contributing to Social Inflation?

    Is Third-Party Litigation Funding Contributing to Social Inflation?

    Over the last decade, third-party litigation funding (TPLF) has evolved into a $17 billion industry worldwide, and 52% of that money is being spent in the U.S., making TPLF a key contributor to social inflation, hiking up jury awards and claim settlements that may have a significant impact on insurance prices and coverage availability.

    What is it?  How does it work?  What effect is it having on pricing?   Where do we go from here?

    Featuring:
    Bob Greenebaum is an Executive Vice President, Central Region Director, and Casualty Practice Leader located in CRC Group’s Chicago, Illinois office.Youtube | Tools & Intel | LinkedInJoin #TeamCRC, email resumes@crcgroup.com

    • 10 min
    Florida Market Still Reeling from Surfside Condo Collapse

    Florida Market Still Reeling from Surfside Condo Collapse

    The deadly collapse of a 12-story beachfront condominium north of Miami Beach sent shockwaves through the Florida insurance market. One wing of the 40-year-old Champlain Towers in Surfside, Florida, crumpled to the ground suddenly on June 24, 2021, killing 98 people. Several carriers have exited the Florida property market as total settlements rise to more than $130 million, and others are pulling back on property and liability coverage. Faced with the potential for steep losses, insurers are raising rates and deductibles and becoming much more selective. In such a challenging market, it’s crucial to work with experienced, knowledgeable brokers who can provide guidance through a more complex, demanding placement process.

    Featuring:
    Sim Bridges is Vice President-Underwriting with Coastal Insurance Underwriters located in Ponte Vedra Beach, Florida.ABOUT COASTAL INSURANCE UNDERWRITERS
    Coastal Insurance Underwriters is a program administrator specializing in designing, creating, and managing insurance products for various business classes, including condominium associations, homeowner associations, and golf and country clubs. Coastal has become one of the largest Managing General Underwriters in the United States focused on community association products with over 8,000 homeowners and condominium associations currently insured. Coastal Insurance Underwriters is a subsidiary of Constellation Affiliated Partners, LLC. Learn more at www.ciuins.com.
    Youtube | Tools & Intel | LinkedInJoin #TeamCRC, email resumes@crcgroup.com

    • 11 min
    Private Flood Market Offers Growing Opportunity

    Private Flood Market Offers Growing Opportunity

    Flooding continues to be the most expensive and the most common natural disaster in the United States, resulting in billions in economic losses every year. According to the National Flood Insurance Program (NFIP), 90% percent of all U.S. natural disasters involve flooding.

    In October 2021, the NFIP implemented its Risk Rating 2.0 program, one of the most significant changes from a rate modeling and underwriting standpoint in more than 50 years. In the past, FEMA flood zones and rates were much more generalized. However, the NFIP is striving to implement advanced technology and geocoding to more accurately rate flood risks. While these changes are vital to keeping the NFIP afloat, significant premium increases are coming because many policies have been severely underpriced for years. As the NFIP continues to evolve, retail agents face a prime opportunity to protect clients against the economic impact of flood damage with private insurance options.

    Featuring:
    Ben Tschepikow is a Broker with Argenia, a CRC Group Company located in Little Rock, AR, and is a member of the Personal Lines Practice Advisory Committee.Youtube | Tools & Intel | LinkedInJoin #TeamCRC, email resumes@crcgroup.com

    • 16 min
    Why Are Property Renewals Tough Right Now?

    Why Are Property Renewals Tough Right Now?

    Transitioning markets make for tougher renewals. Rising prices, carrier repositioning, and stricter underwriting are combining to make this year’s renewals more challenging. Seeking to tame natural catastrophe losses, carriers are changing appetites, scaling back capacity in some markets, and exiting others. Those changes have helped drive submission activity to levels not seen since 2005 and are further exacerbated by new market entrants that are causing a movement of underwriting talent not seen in recent times. In this market, communication is critical for successful renewals. Experienced brokers can make the difference by helping clients put together more compelling submissions with the best available data and provide up-to-the-minute guidance on market moves.

    Featuring:
    Chris Carlson is the Director-Property Practice located in CRC’s Norcross, GA Office.Subscribe to CRC Group on Youtube
    Subscribe to Tools & Intel (email newsletter)
    Read Past Tools & Intel Articles
    Follow CRC Group on LinkedIn
    Youtube | Tools & Intel | LinkedInJoin #TeamCRC, email resumes@crcgroup.com

    • 14 min
    Contractor's Professional Liability Insurance | Understanding the Value

    Contractor's Professional Liability Insurance | Understanding the Value

    Contractors may assume they don’t need professional liability coverage. But, as the traditional construction delivery model evolves and the lines of responsibility between contractors and design firms blur, contractors face increased exposure. Fortunately, professional liability insurance is available to help protect contractors from the risks that accompany industry changes.

    Featuring: 
    David Finneran is an Assistant Vice President and Broker with CRC Group’s Boston, Massachusetts office where he specializes in the areas of Pollution, Professional Liability, and Product Recall.Subscribe to CRC Group on Youtube
    Subscribe to Tools & Intel (email newsletter)
    Read Past Tools & Intel Articles
    Follow CRC Group on LinkedIn
    Youtube | Tools & Intel | LinkedInJoin #TeamCRC, email resumes@crcgroup.com

    • 16 min
    The Firm Excess Casualty Market

    The Firm Excess Casualty Market

    Following a soft market cycle characterized by marked underpricing, an excess casualty market that was hardening in 2019 is now firm. Underwriters continue to look for rate increases and cut capacity as large claims climb the tower.

    Three CRC Group Producers who specialize in Casualty weigh in on the current conditions of the market.

    Featuring:
    Jason Howard is a Senior Vice President located in the San Francisco, CA office where he specializes in construction, environmental, life sciences, and excess limits.Ben Wright is a Senior Casualty Broker and Vice President with the Houston, Texas office where he focuses on liability placements in the energy, construction, and industrial service sectors.Craig Nettles is a Broker in the Atlanta, Georgia office, handling a large portfolio of General Liability, Casualty, and Environmental Insurance business all across the country.Subscribe to CRC Group on Youtube
    Subscribe to Tools & Intel (email newsletter)
    Read Past Tools & Intel Articles
    Follow CRC Group on LinkedIn
    Do you want to take your career to the next level? Join #TeamCRC to get access to best-in-class tools, data, exclusive programs, and more! Send your resume to resumes@crcgroup.com today!

    • 14 min

Customer Reviews

4.6 out of 5
36 Ratings

36 Ratings

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