65 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 • 37 Ratings

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

    Miya's Law: What Agents Need to Know

    Miya's Law: What Agents Need to Know

    In 2021, 19-year-old Orlando student Miya Marcano was tragically killed in her apartment by a 27-year-old maintenance employee with access to her apartment complex’s master key fob. In response to this tragedy and a growing trend of violence, Florida Governor Ron DeSantis signed Senate Bill 898, known as “Miya’s Law,” at the end of June 2022.   The new law took effect July 1, 2022, and seeks to strengthen renter safety measures.

    In this podcast episode, we discuss potential issues to watch for and what agents need to know before placing a habitational business in Florida.

    Featuring:
    Corey Friedman is a Broker with CRC Group’s Boca Raton, Florida office where he specializes in Real Estate and Habitational risks.


    Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.
    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!

    • 13 min
    Hurricane Ian with Meteorologist James Spann and Chris Carlson

    Hurricane Ian with Meteorologist James Spann and Chris Carlson

    Hurricane Ian has proved to be a significant event for the insurance industry. In this episode, we talk with Nationally Renowned TV Meteorologist James Spann from ABC 33/40 in Birmingham, AL. 

    Also, Chris Carlson, the property practice leader for CRC Group, joins us to talk about the damage estimates and what this means for the insurance industry.


    About James Spann:
    James has served as the Chief Meteorologist for ABC 33/40 for 25 years and can be seen on weeknights at 4, 5, 6, and 10 o'clock. In all, James has been a television weather anchor for 44 years.

    James has received the two highest awards in the nation for a broadcast meteorologist.

    One is the national "Broadcaster of the Year" by the National Weather Association. According to the NWA, James was selected for the award "For his passionate dedication to serving the Central Alabama community with critical weather information for over thirty years, especially during the deadly April 27, 2011 tornado outbreak."

    James also was the winner of the AMS (American Meteorological Society) "Award for Broadcast Meteorology." The AMS stated he was the winner partly because of "his tireless efforts to advance the public's awareness of and engagement in the science of meteorology, particularly severe weather forecasting and response."

    James has earned multiple Emmy awards over the years. He was elected to the National Academy of Television Arts and Sciences Silver Circle, representing outstanding achievement spanning at least 25 years in the broadcast industry with a proven record of mentoring and community involvement.

    Link: See James' Coverage of a significant tornado in Tuscaloosa in 2011.Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.
    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!

    • 21 min
    Uncertainty Mark-up for Catastrophe Coverage

    Uncertainty Mark-up for Catastrophe Coverage

    Uncertainty 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 to receive a warmer welcome from underwriters who have seen an increase in submission volume in the current market. Brokers that can provide a detailed catastrophe risk assessment report using the latest modeling technology can help clients make more informed decisions about risk transfer strategies and better position them to achieve the most cost-effective insurance program.

    Learn about CRC Group's CAT modeling tools and processes, and why the company is uniquely positioned to give you the edge when it comes to property risk.

    Featuring: 
    Colin Morris is a Senior Risk Analyst with CRC Group’s Red Bank, NJ office.David Pagoumian is the President of CRC Group’s Red Bank, NJ office. David specializes in property placements and is an active member of the Property Practice Advisory Committee.Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.
    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
    Energy State of the Market

    Energy State of the Market

    After a year of slashed demand in 2020, global oil demand surged in 2021 as the world began to recover from the coronavirus pandemic. In 2022, energy demand and commodity prices are still up, indicating that the energy industry is strong (source 3). Refineries are operating at approximately 95% capacity, and many companies would like to expand operations conservatively. But, like other industries all across the country, energy companies are struggling to find and hire qualified employees to fill positions. They’re also grappling with ongoing supply chain problems that make it difficult to obtain materials and purchase or repair vital equipment. As the insurance marketplace continues to contract, prices are rising for several product lines.
    Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.
    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!

    • 16 min
    Senior Living Market Easing but Reprieve May be Brief

    Senior Living Market Easing but Reprieve May be Brief

    Senior Living Market Easing but Reprieve May be Brief
    After a year or two of hardening, the insurance market for senior living facilities took another hit in 2020 due to the COVID-19 pandemic’s new wave of compounding challenges. Brokers working with these healthcare organizations were warned to keep a wary eye on increased liability and tighter underwriting moving into 2021.
    Throughout the challenging market in 2020 and 2021, accounts of varying quality were often painted with the same brush in an effort to improve underwriting profitability through widespread price hikes of 20% or more. This was frustrating for higher-quality accounts, and the sector saw a subsequent rise in the secondary market as risk retention groups (RRGs) were priced slightly lower than traditional marketplace offerings. However, the impact of RRGs began to wane at the end of 2021 as new entrants began joining the space, allowing better accounts to be considered on their own merit.
    As we move into the second half of 2022, there are signs that the senior living insurance marketplace may be easing as 3 - 4 new insurers have now entered the space, and some legacy carriers have become more aggressive in an effort to rebuild their books after balancing portfolios. This means the pace of rate hikes may decelerate, which is good news for many operators experiencing post-COVID fatigue after significant premium increases. However, price sensitivity is still through the roof, and many insureds are looking for a better deal. The marketplace is seeing some clients choose to leave multi-year insurance relationships in favor of a lower price, but that leap may prove detrimental for insureds in the long run.

    Featuring:
    Rusty Hughes is a Senior Broker with CRC Group’s Birmingham, AL office specializing in the healthcare and assisted/ senior living sectors.Lee McClure is a Senior Broker with CRC Group’s Birmingham, AL office specializing in healthcare professional liability.Conner Madey is a Broker with CRC Group’s Chicago office where he specializes in healthcare.Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.
    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!

    • 17 min
    NOAA Climatologist Matthew Rosencrans | Hurricane and Climate Predictions for Insurance

    NOAA Climatologist Matthew Rosencrans | Hurricane and Climate Predictions for Insurance

    Matthew Rosencrans from the NOAA Climate Prediction Center takes us through the future of property risk, including hurricanes, climate change, and more.  


    Is climate change causing sea levels to rise?  The answer may surprise you!How many named storms will we see in 2022?According to the best data, what can we expect in the next 5 to 10 years?After talking with Matthew, we check in with Chris Carlson, Property Leader for CRC Group, to understand the future of property insurance.

    Featuring:


    Matthew Rosencrans
    NOAA Climate Prediction Center
    Climate Testbed Director


    Chris Carlson
    CRC Group Property Leader




    Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.
    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!

    • 18 min

Customer Reviews

4.6 out of 5
37 Ratings

37 Ratings

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