The Placing You First Podcast spans a diverse spectrum of insurance industry issues to keep you and your clients informed.
Property State of the Market | Central and Southeast
This is the state of the market for property in the central and southeastern United States, including trends about rates, capacity, limits, and COVID-19.
Dealing with a Hard Casualty Market
Casualty capacity is shrinking and the market remains challenging. How are agents, wholesalers, and markets dealing with the hard market? We sit down with two CRC Casualty specialists to discuss a wide range of issues surrounding the difficult Casualty market.
Biometric Data Risks: Keep Eyes on Coverage Gaps
The risks of collecting and storing biometric data, however, are high, and they require closer scrutiny. What’s more, insurance policies might not respond to claims alleging violation of biometric data privacy laws, creating coverage gaps.
Understanding the True Cost & Pitfalls of Additional Insured Endorsements
Everyone knows the fine print matters, but it is especially important when it comes to the additional insured endorsements sometimes requested by partners. Clauses requiring such endorsements can be expensive in ways insureds may not realize. Understanding the hidden costs of an additional insured endorsement can keep an insured from unfairly paying for another’s mistakes or unintentionally elevating insurance costs. Contractual provisions requiring additional insured endorsements can vary, and the differences can make a world of difference.
Understanding & Preparing for a Hardening Medical Professional Liability Market
Fifteen years into the soft market cycle, it shouldn’t come as a surprise that the Medical Professional Liability (MPL) market is turning around. Many will remember that the Long-Term Care (LTC) market began to show signs of hardening in 2017, and the Hospital segment began to follow suit in the second quarter of 2019. While the Facilities and Physician segments have lagged behind, they’re also turning the corner toward a firmer market. While the COVID-19 pandemic is to blame for many current challenges, this hard market was well on its way prior to the pandemic. In actuality, the battle against COVID-19 has functioned in many ways as a temporary pause button for the MPL marketplace, giving insureds a short period of respite due to moratoriums on litigation. However, significant market changes are anticipated for the remainder of the year and beyond. Understanding the 5 primary drivers of the tightening market can be important to helping clients comprehend the changes that are coming.
Are Your Casualty Limits Adequate? Don't Chance It!
With the property and casualty insurance marketplace hardening across virtually all lines, the cost of maintaining existing levels of coverage is going up. Deciding to buy less liability coverage, however, may be a big mistake.