Insights

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

Jencap Group Acquires Tarheel Insurance Services, Inc.

Jencap Group Acquires Tarheel Insurance Services, Inc.

New York, NY (October 3, 2022) – Jencap Group LLC (Jencap) announced today that it has agreed to acquire the assets of Tarheel Insurance Services, Inc. (Tarheel), a full-service specialty Workers’ Compensation wholesale brokerage based in Statesville, NC. Tarheel will operate under the auspices of the Jencap Insurance Services Inc. (JCIS) division. Bruce Peddle, President of JCIS, stated,...

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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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What to Expect in Insurance for 2022, Plus a Look Back at 2021

What to Expect in Insurance for 2022, Plus a Look Back at 2021

Proactive—what the insurance industry wants to be more of in 2022. With the lingering impact of the COVID-19 pandemic, last year was a complicated and unpredictable year in insurance. The industry was forced to react and keep up with the ever-changing landscape. So as we prepare for a new year, let's review the major impacts of 2021 and discuss...

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December Tornadoes Push Insurers’ 2021 Weather Bill Over $105 Billion

December Tornadoes Push Insurers’ 2021 Weather Bill Over $105 Billion

Climate change is gradually leading to more frequent and disastrous weather events throughout the country. Most recently, tornadoes occurred out of their typical season with rarer intensity and longer storm paths. They left behind a trail of devastation and death, leveled homes and businesses, and caused roughly $5 billion in insured losses...

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PFAS: How “The New Asbestos” Will Affect the Insurance Industry

PFAS: How “The New Asbestos” Will Affect the Insurance Industry

This past month, the Biden administration announced a three-year plan to regulate and reduce the use and spread of PFAS, while also doubling down on cleaning up PFAS already released into the environment. These toxic chemicals are widely used in many consumer and industrial products and are linked to numerous serious health conditions. Due to...

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WTIS and Landmark E&S Rebrand to Jencap Specialty Insurance Services Inc.

WTIS and Landmark E&S Rebrand to Jencap Specialty Insurance Services Inc.

SAN FRANCISCO, CA. (December 6, 2021) – Wholesale Trading Insurance Services LLC (WTIS), a national wholesale brokerage firm, and Landmark E&S Insurance Brokers, LLC (Landmark), a company acquired by WTIS in 2020, both rebranded to Jencap Specialty Insurance Services Inc., a division of Jencap Group LLC (Jencap), effective December 1, 2021. ...

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Risks and Liabilities of Social Media Influencer Marketing

Risks and Liabilities of Social Media Influencer Marketing

Influencer Marketing is big business—with almost three-fourths of marketers expected to incorporate it in some way into their marketing plans this upcoming year. Although social influencer marketing can be a very effective way to build brand awareness and capture new customers, businesses should be asking themselves about the risks they introduce...

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Major Cannabis Product Recall: Are You Covered?

Major Cannabis Product Recall: Are You Covered?

This past Wednesday (November 17), Michigan’s Marijuana Regulatory Agency (MRA) announced a recall on marijuana products from two local cannabis testing labs—Viridus North and Viridis Laboratories. The MRA hasn’t released details yet about specific concerns, other than calling the lab results “inaccurate and/or unreliable” and warning that...

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COVID is “Serving Up” Changes to Restaurant Insurance Needs

COVID is “Serving Up” Changes to Restaurant Insurance Needs

Faced with the harsh reality of closing their doors completely or making drastic changes to their business strategy, restaurant owners and operators reimagined their dining and service experience in 2020. Many of these changes introduce potential coverage gaps that insurance agents and brokers should be aware of, as they work alongside their...

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Is Workplace Violence Covered Under Workers’ Compensation?

Is Workplace Violence Covered Under Workers’ Compensation?

Workers’ Compensation covers medical expenses and lost wages for employees who become sick or injured due to a workplace accident. But what about cases of workplace violence, where the injury isn’t an accident? Determining if Workers’ Compensation provides indemnification for workplace violence isn’t cut-and-dry and requires careful evaluation of...

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There’s a Policy for That: Seven Unique Items We’ve Insured

There’s a Policy for That: Seven Unique Items We’ve Insured

We’ve all heard the crazy stories about singers who insure their vocal chords or athletes that take out policies to cover specific body parts. But we’re willing to bet that some of the items Jencap and its affiliate companies have insured over the years will be news to you.  You be the judge: 1. Thomas Jefferson’s Desk  In 1801, Thomas Jefferson...

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Protecting Your Business From a Mass Shooting

Protecting Your Business From a Mass Shooting

Mass shootings have been on the rise since the beginning of the COVID-19 pandemic, which is classified as an incident with at least 4 people injured or killed. According to non-profit organization Gun Violence Archives, 2020 saw 611 mass shootings, compared to 417 in 2019. As of mid-October, we’ve seen 570 this year. Consequently, there’s been a...

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The True Cost of Inflated Lumber Prices

The True Cost of Inflated Lumber Prices

Homeowner-hopefuls dreaming of their forever home may have to put those dreams on hold—or spend more than initially anticipated. Lumber shortages over the past 18 months and low housing inventory have made buying or building a new home far more expensive than what any of us could have predicted at the onset of 2021. And although some of the...

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NIF Group Rebrands to Jencap Specialty Insurance Services Inc.

NIF Group Rebrands to Jencap Specialty Insurance Services Inc.

MANHASSET, NY (Oct. 1, 2021) – NIF Group (NIF), a national wholesaler and managing general agency based in New York, is pleased to announce a new name and brand identity. NIF will now operate as Jencap Specialty Insurance Services Inc. (JSIS), a division of parent company, Jencap Group LLC (Jencap). “This is our fifth affiliate company to be...

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