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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.  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.  Discussion with Jason White from CRC Los Angeles, CA.

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