Insights

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

Help Clients and Build Your Business During Economic Uncertainty

Help Clients and Build Your Business During Economic Uncertainty

2022 was a trying year for businesses and consumers alike, and 2023 will no doubt face its own set of challenges. In an interview with Insurance Business America, Mike Becker, CEO of the National Association of Professional Insurance Agents, offers encouragement to independent insurance agents: “Any sort of economic uncertainty is unnerving to business owners and agencies alike. At the same...

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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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Don’t Get Railroaded on Your FELA Claim

Don’t Get Railroaded on Your FELA Claim

Almost all private employees in the United States can collect Workers’ Compensation insurance benefits if they are injured on the job. Railroad employees are the exception to the rule, as any job-related injuries are covered through The Federal Employers Liability Act (FELA). FELA was created in 1908 when railroad use was expanding rapidly in 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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Workers’ Comp Cannabis Claims: States Covering Them and What’s to Come

Workers’ Comp Cannabis Claims: States Covering Them and What’s to Come

The legalization of cannabis is a hot topic not just among lawmakers and eager hopefuls, but also in the insurance industry. As tolerance and acceptance for cannabis gradually increases, so has its use in the medical community. Medical marijuana usage has grown in popularity in the United States and is now legal in 38 states, 4 U.S. territories,...

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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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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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