CRC Insurance Services

Around 16% of the wholesaler’s accounts absorbed rate rises above 20% in March and the other 31% saw rate increases between 10% and 19%.

The program offers E&O insurance coverage for real estate agents, appraisers, title agents, abstractors, home inspectors and mortgage brokers.

The wholesaler also said the ultimate size of industry claims from Winter Storm Uri and Hurricane Ida were less relevant than shock unmodeled loss components.

CRC executives discussed Covid-19 exclusions, the senior living space and sexual misconduct in the healthcare liability market on CRC Group’s latest podcast.

CRC Group has continued to expand its operations in the south of the US, with the acquisition of a broking team and renewal rights from Houston-based MGA Griffin General Agency.

The executive previously spent 10 years at AIG in energy underwriting roles, including in the carrier’s North American oil and petrochemical segment.

The broker also says that residential umbrella coverage in New York and in the southeast has become increasingly difficult to obtain.

The appointments, effective on January 1, follow the elevation of Mike Brennan to CEO of commercial solutions in October.

The BB&T-owned broker said its rival’s legal case and demand for a restraining order are driven by a “grudge” against a former employee.