Insights

Keeping you up to date on industry trends so you maintain your competitive edge and provide timely, accurate coverages for your clients.

Secondary Perils on the Rise, Responsible for Growing Share of Disaster Claims

Secondary Perils on the Rise, Responsible for Growing Share of Disaster Claims

Natural catastrophes broke insurance claims records in 2021. Historically, primary perils – like earthquakes – have been weather events with the highest loss potentials, but secondary perils – including wildfires, rainstorms, and floods – have become more frequent in recent years and are responsible for a growing share of insurance claims. Secondary perils are small to mid-sized events and often...

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The Oil and Gas Industry’s Important Insurance Needs

The Oil and Gas Industry’s Important Insurance Needs

Clients in the oil and gas industry have essential insurance needs, and there isn’t a one-size fits all package to cover all of the exposures that are present for those risks. Oil and gas businesses need General Liability to protect them from claims involving bodily injury, property damage, and personal injury (like libel or slander), as well as...

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Your Cannabis-Related Clients Need Proper Insurance Coverage to Mitigate Risks

Your Cannabis-Related Clients Need Proper Insurance Coverage to Mitigate Risks

Cannabis industry experts at BDSA Analytics project the global sales of cannabis will increase by 22% over last year’s figures, reaching $35 billion in 2022. The legal cannabis market is poised to grow 20-30% per year and is expected to reach $50 billion by 2026. As sales of legal cannabis continue to grow, so will its impact on the insurance...

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8 Reasons your Cannabis Clients Need Site Pollution Liability Coverage

8 Reasons your Cannabis Clients Need Site Pollution Liability Coverage

The cannabis industry is expected to see exponential growth over the next few years. Market experts project the industry to hit $45B in 2025 and up to $100B over the next 10 years. That growth will only be possible if growers, processors, laboratories and retailers are able to successfully mitigate risk. The various processes involved to take...

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5 Reasons Pollution and Environmental Claims are Rising

5 Reasons Pollution and Environmental Claims are Rising

Environmental insurance (also known as Pollution insurance) provides coverage for loss or damages resulting from the unexpected release of pollutants, including claims for bodily injury, property damage, cleanup costs, and business interruption. It's important to know that standard General Liability and Property insurance policies exclude most...

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Exciting IoT and AI Technologies are Improving Truckers’ Safety

Exciting IoT and AI Technologies are Improving Truckers’ Safety

The trucking industry faces numerous challenges. Employee shortages mean less experienced drivers are on the road, which could negatively impact fleet safety and the ability to obtain insurance coverage. Fortunately, the industry is seeing the introduction of predictive safety and analytics technologies that are helping fleets reduce accidents,...

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Russell Bond & Company Rebrands to Jencap Specialty Insurance Services Inc.

Russell Bond & Company Rebrands to Jencap Specialty Insurance Services Inc.

Buffalo, NY (April 4, 2022) – Russell Bond & Co. (Russell Bond), a full-service specialty wholesale brokerage and managing general agency (MGA) firm, is pleased to announce a new name and brand identity. Effective immediately, Russell Bond will operate as Jencap Specialty Insurance Services Inc., a division of Jencap Group LLC (Jencap). Gary...

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The Benefits of Owner-Controlled Insurance Programs

The Benefits of Owner-Controlled Insurance Programs

Owner-controlled insurance programs (OCIPs), also known as “wrap-ups,” are insurance policies taken out by a property owner during a construction or renovation project. Wrap-up policies offer numerous benefits to the insured, including cost savings, better coverage, more control, and more efficient resolution when incidents occur.  An OCIP...

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How Rising Sea Levels Will Impact Property & Environmental Insurance

How Rising Sea Levels Will Impact Property & Environmental Insurance

Climate change has been making headlines recently, and now experts predict that global warming will lead to substantial sea level rise in the coming years. In fact, scientists are forecasting a one-foot rise in sea level over the next 30 years. To put this into perspective, government agencies including NASA, NOAA, and USGS, anticipate that the...

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Jencap Names Maria Hurley as Senior Vice President of Human Resources

Jencap Names Maria Hurley as Senior Vice President of Human Resources

Experienced global human resources exec joins Jencap to drive employee and company growth  New York, NY (March 2, 2022) – Jencap Group LLC (Jencap) is pleased to announce that Maria Hurley has been named Senior Vice President of Human Resources and will assume her new role effective immediately. Hurley will be instrumental in transforming our...

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Should Cannabis be Covered Under Workers’ Compensation?

Should Cannabis be Covered Under Workers’ Compensation?

Cannabis is now legal in 38 states and medical marijuana is being used to treat multiple conditions, including cancer, chronic pain, and PTSD. While the FDA hasn’t approved marijuana to treat health issues, some doctors are recommending it to their patients, and courts are debating whether medical marijuana should be an approved treatment method...

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The Infrastructure Investment and Jobs Act and Its Impact on Insurance

The Infrastructure Investment and Jobs Act and Its Impact on Insurance

The Infrastructure Investment and Jobs Act (IIJA) marks one of the most significant physical infrastructure investments in the U.S. in more than five decades. It will lead to a growing number of projects and jobs across multiple industries. The insurance industry will need to be armed and ready to provide appropriate policy coverage for the...

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Jencap Group Acquires Delta General Agency Corporation

Jencap Group Acquires Delta General Agency Corporation

Expands Brokerage and MGA Capabilities in Texas NEW YORK, NY (February 1, 2022) – Jencap Group LLC (Jencap) announced today that it has agreed to acquire the assets of Delta General Agency Corporation (Delta), a full-service specialty wholesale brokerage and managing general agency (MGA) based in Houston, TX.  Delta will operate under the...

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Riding the Waves of Change in 2022 The Jencap Insurance Industry Outlook

Riding the Waves of Change in 2022 The Jencap Insurance Industry Outlook

If the insurance industry had posted its relationship status in 2021, it would have been "It’s complicated." For 2022, it’s still going to be complicated. ... only a little less so. In this white paper you'll find: Seven major trends that will impact the insurance industry in 2022. Industry outlook for every key insurance vertical – including...

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What Cyber Attack Trends to Expect in 2022

What Cyber Attack Trends to Expect in 2022

Cyber attacks are a growing threat for businesses and individuals as criminals aim to steal, destroy, or manipulate data. While advances in technology have improved efficiency and ease of doing business for companies, it’s also created new opportunities for cybercriminals to thrive.  In 2021, the average ransomware payment increased by 87 percent...

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John LaCava Named Chief Operating Officer of Jencap

John LaCava Named Chief Operating Officer of Jencap

NEW YORK (January 20, 2022) – Jencap Group LLC (Jencap) is pleased to announce that John LaCava has been named Chief Operating Officer and will assume his new role effective immediately. LaCava currently serves as President and Chief Executive Officer of Jencap Program Administrators (JPA), a division of Jencap. LaCava’s strategic planning and...

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Jencap Creates Strategic New Role For Their Programs Division

Jencap Creates Strategic New Role For Their Programs Division

NEW YORK, NY (January 13, 2022) – Jencap Program Administrators (JPA), a division of Jencap Group LLC (Jencap), is pleased to announce the newly created executive role of Chief Revenue Officer.  Mike Schofield, formerly President and Chief Executive Officer of MiniCo Insurance Agency (MiniCo), a JPA company, will assume this new role effective...

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Jencap Implements Two Sigma Insurance Quantified’s SubmissionIQ

Jencap Implements Two Sigma Insurance Quantified’s SubmissionIQ

Technology Will Improve Jencap’s Underwriting Profitability and Broker Response Time NEW YORK, NY (January 11, 2022) – Two Sigma Insurance Quantified (TSIQ), an insurance technology company for commercial property and casualty underwriting, announced today that Jencap Group LLC (Jencap), one of the largest managing general agencies (MGAs) in the...

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