Placing You First Insurance Podcast by CRC Group
90 episodes - English - Latest episode: 24 days ago - ★★★★★ - 27 ratingsThe Placing You First Podcast spans a diverse spectrum of insurance industry issues to keep you and your clients informed.
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Episodes
Returning to Work in 2021: COVID & Vaccinations Raise EPLI Liability Questions
March 04, 2021 20:00 - 35 minutes - 49.2 MBAt the beginning of the COVID-19 pandemic, employers moved quickly to develop and implement remote work-from-home protocols to protect employees. Almost a year since it all began, employers are starting to develop return to work plans. Well-known finance giants, Goldman Sachs, and JPMorgan Chase, are delaying their return after initially attempting to bring workers back near the end of 2020 only to send many workers home again after employees tested positive for the virus. Other large compa...
Dealing with a Hard Property Market
February 18, 2021 19:00 - 22 minutes - 31.4 MBThe 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 Articles Follow CRC Group on LinkedIn ...
Northeast Property State of the Market
January 19, 2021 18:00 - 22 minutes - 30.9 MBThis is the state of the market for property in the northeastern United States, including trends about rates, capacity, limits, and COVID-19. 2020 was a very different year for property insurance. The industry weathered COVID-19, the elections, a record number of named storms, wildfires, and more. As we begin 2021, it's a great time to discuss the state of the market for property. In the coming weeks, we will release more information about the state of the market for all of CRC Group's ma...
Property State of the Market | Central and Southeast
December 17, 2020 15:00 - 25 minutes - 35.3 MBThis is the state of the market for property in the central and southeastern United States, including trends about rates, capacity, limits, and COVID-19. 2020 has been a very different year for property insurance. The industry has weather COVID-19, the elections, a record number of named storms, wildfires, and more. As we approach the end of 2020, it's a great time to discuss the state of the market for property. In the coming weeks, we will release more information about the state of th...
Dealing with a Hard Casualty Market
December 11, 2020 17:00 - 24 minutes - 33.4 MBCasualty 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. Featuring: Vladimir Peraza Casualty and Property Broker from CRC New York Stewart Brown Transportation and Casualty Broker from CRC Seattle Subscribe to CRC Group on Youtube Subscribe to Tools & Intel (email newsletter) Read Past...
Biometric Data Risks: Keep Eyes on Coverage Gaps
November 20, 2020 15:00 - 18 minutes - 25.3 MBA growing number of organizations are using biometric data, such as fingerprints and retinal scans, as a convenient way to improve security. From touchpads that unlock smartphones and computers, to scanners providing access to places of business, biometric data seems to be a fast, easy and secure way to authenticate individuals and unlock access. Download a Shareable PDF Version of this Article The risks of collecting and storing biometric data, however, are high, and they require closer s...
Understanding the True Cost & Pitfalls of Additional Insured Endorsements
November 12, 2020 15:00 - 15 minutes - 21.4 MBEveryone 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, ...
Understanding the True Cost & Pitfalls of Additional Insured Endorsements for Behavioral Healthcare Organizations
November 12, 2020 15:00 - 14 minutes - 20.5 MBEveryone 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, ...
Understanding & Preparing for a Hardening Medical Professional Liability Market
November 03, 2020 10:00 - 27 minutes - 38.1 MBFifteen 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 curren...
Are Your Casualty Limits Adequate? Don't Chance It!
October 15, 2020 13:00 - 27 minutes - 38.1 MBDuring economic slowdowns, including the global coronavirus pandemic, many insurance buyers are tempted to pare the size of their programs. 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. Subscribe to CRC Group on Youtube Subscribe to Tools & Intel (email newsletter) Read Past Tools & Intel Articles Follow CRC Gro...
Law Enforcement Liability: Municipalities Bear Growing Risk for Police Actions
September 15, 2020 10:00 - 21 minutes - 29.2 MBAllegations of police officers’ excessive use of force reached a flashpoint in 2020, igniting massive protests and riots across the nation. As officers in several cities face criminal charges in fatal interactions with suspects, one might expect civil liability claims against those individuals to follow. In fact, that is not the case. For various reasons, public entities bear the liability risk for police department actions. And that exposure is becoming more difficult to transfer. Subscrib...
Helping Event Organizers Insure Against the Unexpected
August 21, 2020 11:00 - 19 minutes - 26.7 MBConcerts. Festivals. Fairs. Sporting events. Live theater. Corporate events. Whether it is indoors or outdoors, we love to be entertained and inspired. We thrive on learning from experts and hearing from speakers we admire. And this is why the events industry is enormous. In the United States, business meetings, conferences, tradeshows and the like provided over 5.9 million jobs. Event Cancellation Insurance coverage can help to limit the risk for those unforeseeable circumstances like ill...
Storms Ahead – Rising Wind Rates Hit Coastal Homeowners
August 03, 2020 10:00 - 15 minutes - 21.3 MBSubscribe to CRC Group on Youtube As Hurricane Isaias impacts the US, coastal homeowners rely on insurance agents to find competitive coverage. We discuss how insurance agents can better serve their clients in a tough market for placing coastal homeowner insurance. The 2020 hurricane season stormed in with a record six named tropical storms by early July. But in addition to forecasts for an active storm season, coastal homeowners from Florida to Texas are facing sharp rate increases as ins...
After the Riots: Mitigating Liability Risks
July 20, 2020 09:00 - 20 minutes - 27.7 MBA supervisor at a midsize business is watching the evening news when she sees a disturbing video of people smashing windows and looting stores in the city where her company is based. What she sees next shocks her: one of the looters is not wearing a face mask, despite the coronavirus, and she realizes as he passes the camera that he’s one of her longtime employees. This scenario is fictitious but could become real for many employers, following massive protests against racial injustice and p...
Personal Lines Flood: Navigating the Current
June 26, 2020 14:00 - 18 minutes - 25.2 MBIn this episode, we discuss personal lines flood insurance with Argenia’s Ben Tschepikow. Personal Lines Flood has a reputation of being a particularly time consuming or difficult coverage to place for agents, leading many to skip working on this type of insurance altogether. Agents should revisit this coverage due to recent updates to technology and the continued evolution of the private flood market. Episode Links: Argenia CRC Group Personal Lines Practice CRC Group Personal Lines P...
Behavioral Healthcare: Telehealth Insurance & Risk Management During Covid-19
June 10, 2020 10:00 - 29 minutes - 40.8 MBIn this special episode, we provide helpful information for behavioral healthcare providers to better mitigate the risks associated with telemedicine. The impacts of COVID-19 have changed the way we approach much of life, including how Americans receive healthcare. Social distancing, intended to “flatten the curve” and prevent further spread of the coronavirus, has dramatically expanded the use of telemedicine in the area of behavioral healthcare. It has become vital to engage with patients...
Insurers Take a Harder Line on Reported Property Values
June 02, 2020 18:00 - 17 minutes - 23.9 MBBecause 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 LINE Risk cannot be adequately managed without a tru...
The New Wave of Securities Litigation
May 27, 2020 13:00 - 43 minutes - 59.8 MBSecurities litigation is a hot area of insurance due to recent trends that show record numbers of lawsuits and increasing severity of settlements. In this episode, we explore trends in securities litigation with specialists in securities law, research, and E&S insurance. Featuring: Garrett Koehn, Western Regional Director, CRC Group Jason Hegland, Stanford Law & Stanford Securities Litigation Analytics (SSLA) Marc Casarino, Partner, White and Williams, LLP In this episode: 3:11 Broad...
Disability Insurance: Protection When Illness or Injury Strikes
May 20, 2020 15:00 - 15 minutes - 21.5 MBWhen asked to list their most valuable assets, many people would place a home, car, or 401K at the top of the list. And they’d be wrong. While those are important - even vital - pieces of living life, a person’s most valuable asset is actually the ability to make a living, working to pay their mortgage, fuel their vehicle, and fund that retirement account. If unexpected illness or injury derails those efforts, life quickly begins to unravel on all fronts. Research indicates that millions of ...
Excess and Umbrella Markets Continue to Change in 2020
May 13, 2020 10:00 - 18 minutes - 25.1 MBThe first quarter of 2019 saw the excess and umbrella markets start to move toward tighter underwriting, and each quarter since has seen the market get firmer. The second half of the year brought greater capacity restrictions, higher prices, and significant challenges around program structure, due in large part to nuclear jury awards that have hit excess and umbrella lines like never before. Brokers that succeed in 2020’s changing market will depend on creativity, proactive strategic plannin...
Earthquake Market Turns Unstable
May 11, 2020 11:00 - 16 minutes - 22.9 MBThe earthquake market has moved onto unstable ground as insurers and alternative capital investors demand higher returns on their capital. Rate increases have ramped up over the last year, and buyers should expect higher prices this year for the same coverage. Higher deductibles can be an effective strategy to manage premiums. Buyers who can provide better and more detailed information on their risks can expect a better reception from underwriters. Early and active marketing and working with...
Extended Reporting Option Carries Risks
May 07, 2020 16:00 - 14 minutes - 20.3 MBIn insurance, hard markets present hard choices. Policyholders often face sharply higher rates and tighter terms and conditions at renewal, along with exclusions their expiring liability coverage did not impose. In these situations, incumbent carriers may offer an extended reporting period (ERP), which lets insureds file claims after the original policy’s expiration date. Buying an ERP, however, has significant risks that insureds and their agents should consider. Featuring: Mike Robison i...
Product Recall Insurance in the Age of Coronavirus
April 30, 2020 09:00 - 19 minutes - 26.5 MBAs Americans grow increasingly anxious about the impacts of COVID-19 and public life is limited by social distancing, food production demands are changing. Product sales at retail locations are reaching unprecedented levels. This doesn’t mean people are eating more – just that they’re eating at home due to the closure of restaurant dining rooms and other public spaces. Changes in the food distribution system can lead to changing or different exposures. Chris Martin, a CRC Broker who specia...
Coronavirus Healthcare Risk Management and Insurance
April 27, 2020 18:00 - 27 minutes - 38.1 MBMichelle Foster Earle, CEO of Omnisure, an independent Health-care risk services consulting group, shares some advice and answers to common questions she is getting in the wake of Coronavirus. Lee McClure from CRC Birmingham updates us with the latest Healthcare Facilities insurance information; what we know and what we don't know. He tackles everything from Healthcare Facilities insurance limits to capacity and claims. Subscribe to Tools & Intel CRC Group Online Visit REDYIndex.com for c...
COVID-19: Beware of EPL Risks
April 23, 2020 18:00 - 16 minutes - 23.2 MBAs businesses of all sizes strive to protect their employees and preserve cash flow during the coronavirus pandemic, likely the last thing on most of their minds is employment practices liability (EPL) exposures. But EPL risks are higher during pandemics and other periods when employers are more likely to furlough, lay off or ask employees to work from home. Despite federal legislation aimed at relieving financial burdens on workers and their employers, many businesses face difficult choice...
CRC Responds to Coronavirus
April 21, 2020 09:00 - 18 minutes - 25.4 MBSubscribe to Tools & Intel CRC Group Online Featuring: Brennan Paris - Director of Carrier Distribution Bob Greenebaum - Casualty Practice Leader Paul Martin - Property Practice Leader Mike Robison - ExecPro Practice Leader Neil Kessler - Chief Operating Officer CRC Group is placing you first before, during, and after the Coronavirus pandemic. We talk with leaders from CRC Group to learn more about the various initiatives the company is taking with carriers and in property, casualty,...
Coronavirus Emerging Healthcare Facility Legal Issues
April 20, 2020 17:00 - 21 minutes - 30.1 MBSubscribe to Tools & Intel CRC Group Online Featuring: Jason Lewis who is the Healthcare Practice Leader for CRC Group based in Denver, CO. Andrew Sheeley, a founding partner of Sheeley LLP, a full-service defense litigation firm in New York, NY with extensive experience in Healthcare. We examine the host of legal issues emerging as a result of Coronavirus with Andrew Sheeley. You'll hear updates about the latest state and federal executive orders, both planned and enacted. Also, Andre...
Coronavirus Business Repurposing, Premium Finance
April 16, 2020 13:00 - 24 minutes - 33.2 MBSubscribe to Tools & Intel CRC Group Online Featuring: Cushman Andrews who is a Senior Vice President and Casualty Broker with CRC Group’s Chicago, Illinois office. Bob Greenebaum who is an Executive Vice President, Central Region Director, and Casualty Practice Leader with CRC Group’s Chicago, Illinois office. Scott Tracy from AFCO Insurance Premium Finance Business Repurposing COVID-19 has infected millions of people and has taken so many lives around the globe. Unwilling to stand by ...
Coronavirus, COVID-19 Cyber Risks and Insurance
April 10, 2020 00:00 - 30 minutes - 42.2 MBSubscribe to Tools & Intel CRC Group Online Featuring: Amanda Harvey, Partner with the Lawfirm of Mullen Coughlin Sebastian Swain, Broker with LA Execpro As COVID-19 continues to spread across the U.S., organizations and businesses are taking seriously their responsibility to facilitate social distancing as we attempt to slow the spread of the virus. While there are many benefits to working remotely in the current situation, remote work can place greater strain on IT systems and increase c...
Healthcare Facilities Update, Coronavirus, COVID-19
April 03, 2020 10:00 - 21 minutes - 29 MBCoronavirus (COVID-19) is now widespread in the United States. CRC Group Healthcare specialists discuss what the current insurance situation looks like for Healthcare facilities, and what the future will bring. They comment on COVID-19 exclusions and if they will hold up in court. Also, they cover reporting Coronavirus to carriers and the likelihood of lawsuits for Healthcare facilities that experience an outbreak. Finally, the team discusses Carriers changing the way they underwrite aroun...
Epidemic Risk Insurance with Miller's Richard Coyle
March 28, 2020 12:00 - 16 minutes - 23.1 MBRichard Coyle from Miller joins Dan to talk about Epidemic Risk Insurance Coverage. Insurers are addressing a significant coverage gap that traditional insurance has not been able to solve: non-damage business interruption for loss of gross profit as a result of an epidemic. Most standard property damage policies require a business interruption to be from physical damage and also typically exclude communicable diseases. This coverage may be extended to include communicable diseases by end...
Healthcare D&O and Coronavirus (COVID-19)
March 26, 2020 11:00 - 20 minutes - 27.7 MBRead and Download the Full Article Subscribe to Tools & Intel CRC Group Online Even before COVID-19, Healthcare organizations were already under financial pressure from the changing reimbursement system. And now they face a hardening D&O liability insurance marketplace. In this podcast, CRC offers insights on how retail agents can help their insureds navigate the difficult environment. Featuring: Ed Antonucci, Director, CRC Chicago, member of ExecPro Practice Group Bob Allen, President,...
Coronavirus Environmental and Property Insurance (COVID-19)
March 18, 2020 10:00 - 19 minutes - 26.8 MBRead and Download the Full Article Subscribe to Tools & Intel CRC Group Online Featuring: Jim Hamilton, CRC Denver Trey Willams, CRC Norcross Property COVID-19 is likely to impact businesses both directly and indirectly, inspiring policyholders to evaluate both first-party and third-party coverages for relief from losses. With any claim, policy language, specific triggers, and loss drivers must be evaluated to determine if coverage applies. It’s expected that most property policies may n...
COVID-19: Coronavirus, Long Term Care Facilities Brace for Impact
March 11, 2020 10:00 - 22 minutes - 31.6 MBRead and Download the Full Article Subscribe to Tools & Intel CRC Group Online Featuring: Jason Lewis, CRC Denver Rusty Hughes, CRC Birmingham Truitt Taylor, CRC Birmingham Originating in Wuhan, China, the Covid-19 virus has now been diagnosed in more than 111,000 people worldwide and resulted in over 3,800 deaths.7,8 The first U.S. case of COVID-19 was reported on January 21st, and that number has grown to 566+ U.S. infections resulting in over 20 deaths, so far.4,8 As we watch the coron...
Understanding Issues Around Insuring Cannabis-Related Businesses
March 03, 2020 09:00 - 15 minutes - 21.9 MBRead and Download the Full Article Subscribe to Tools & Intel CRC Group Online Featuring: Jason Howard The commercial cannabis industry is booming. It now employs more than 250,000 people, with legal marijuana sales reaching an estimated $9.7 billion across North America in 2018. That number is expected to double, reaching more than $20 billion annually by 2023 (source). To date, 33 states and the District of Columbia have legalized medical marijuana and 10 states have legalized recreati...
PFAS: The Next Asbestos?
February 12, 2020 19:00 - 17 minutes - 23.6 MBRead and Download the Full Article Subscribe to Tools & Intel CRC Group Online Featuring: Jim Hamilton Chemicals commonly used in fire-fighting foams and a wide range of household items, from non-stick cookware to stain-resistant carpet, are turning up more often as exclusions on insurance policies. That’s due to a growing wave of litigation over water contamination and rising concerns among insurers that the chemicals per-and polyfluoroalkyl substances, or PFAS, could expose them to the...
Changing Property Market Poses Challenges for 2020
January 07, 2020 09:00 - 23 minutes - 32 MBFind a CRC Group Producer Visit CRCGroup.com Follow CRC Group on LinkedIn As the year draws to a close, the property market continues to change amid decreased capacity and increased caution among carriers. There is little capacity left among many Lloyds syndicates, and domestic markets are more selective overall—particularly on tougher classes of business. While the first quarter of 2020 may bring some relief on capacity, insureds should expect increased rates, higher deductibles and greate...
State of the Market: Directors' & Officers' Liability
December 17, 2019 23:00 - 25 minutes - 34.5 MBSubscribe to This Podcast Follow Us on LinkedIn The marketplace for directors' and officers’ liability insurance is changing, but what those changes ultimately will mean is not yet clear. In a classic case of cause and effect, litigation and losses that have been pressuring D&O insurers for some time are prompting underwriters to raise rates, tighten terms and conditions, and cut capacity. D&O for public companies has changed dramatically, and financial pressures are now forcing changes to ...
New EPLI Claim Ruling, CRC Group Benchmarking Tool, Construction State of the Market
November 21, 2019 14:00 - 27 minutes - 37.6 MBPlease 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 deploy...
REDY Search, Concussion Risks, and State of the Habitational Market
November 05, 2019 17:00 - 30 minutes - 21.1 MBWe talk to Neil Kessler, Chief Operating Officer of CRC Group, about REDY Search. REDY® Search Delivers Data-Driven Market Selection The 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...