New EPLI Claim Ruling, CRC Group Benchmarking Tool, Construction State of the Market

Published: Nov. 21, 2019, 2 p.m.

b'

Please rate and subscribe to our podcast so that you never miss an episode.

Significant Challenges Facing the Construction Insurance Marketplace
The construction industry has seen significant growth over the last several years. However, emerging trends such as large rate increases and reductions in excess capacity are posing challenges for construction insureds as the insurance market hardens. An increase in high-value claim payments and settlements, labor shortages, and more careful deployment of underwriting capacity are all factors adding difficulty to in the state of the market across the country.\\xa0 Discussion with Jeff Dunn from CRC Atlanta, GA, Andy Horan from CRC Woodland Hills, CA.

CRC Group's Benchmarking Tools Provides Retail Agent with a Winning Renewal Strategy
Agents are facing a difficult renewal environment for transportation accounts and data can make all the difference. By leveraging CRC Group's proprietary trucking benchmarking report, this agent delivered a winning renewal strategy for the insured, a growing trucking firm. Discussion with Brian Pickford from CRC Redondo Beach, CA and Mary Wright from CRC's Corporate Marketing Team.

EPLI Claim Ruling May Shake Marketplace
A recent California appeals court ruling in an Employment Practices Liability Insurance (EPLI) coverage case appears to let claimants resubmit denied claims - which could accelerate a market hardening. The court found the wage-and-hour exclusion in EPLI policies does not apply to some types of claims. Retail agents are advised to discuss this development with their insureds and seek advice from coverage counsel.\\xa0 Discussion with Jason White from CRC Los Angeles, CA.

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!

'