Industry Insights
All the latest posts from the experts at Jencap. Stay up-to-date on industry trends to maintain your competitive edge and provide timely, accurate coverages for your clients.
Navigating the Maze of Product Safety and Quality Control with Cannabis Insurance
In the ever-evolving landscape of cannabis, the conversation around product safety, quality control, and insurance coverage is more relevant than ever. With states across the country adopting varying degrees of legalization for hemp and marijuana, understanding the...
Quaker Special Risk Rebrands to Jencap Specialty Insurance Services Inc.
New York (April 1, 2024) – Quaker Agency Inc. dba Quaker Special Risk (Quaker), a distinguished commercial and personal lines insurance wholesaler and program manager, is pleased to unveil a new name and brand identity. Acquired by Jencap Group LLC (Jencap) in 2020,...
Safeguarding Your Business with Product Recall Insurance
Unless you've navigated a recall event before as a business, there's a good chance you don't understand the critical role product recall insurance plays in protecting a company's assets and reputation—or how quickly financial losses begin to pile up during a recall...
Jencap Earns Prestigious Recognition in the 2024 IBA 5-Star Wholesale Brokers and MGAs
Jencap is delighted to announce its inclusion in the prestigious 2024 IBA 5-Star Wholesale Brokers and MGAs, a comprehensive roundup that highlights the best in the industry. As an impartial authority in the insurance sector, Insurance Business conducted exhaustive...
Insider Scoop: An Interview with Jencap Environmental Expert Canaan Crouch
When it comes to environmental insurance coverage, complexities and challenges abound. Risks evolve rapidly, and it can be tough to keep up with emerging trends, particularly if you aren’t working with environmental risks each and every day. Jencap has a team of...
2024 Trends in Superyacht Design
Unlike other businesses in the travel and hospitality sectors, during COVID, the superyacht market reached record-high demand and sales. Though the pandemic is behind us, the future of the superyacht industry continues to look bright. Globally, it brought in $10.29...
Emerging Trends in the E&O Landscape
In life and business, mistakes are inevitable. Some are minor and easily fixed, while others are costly and — in the most extreme circumstances — business-ending. Errors and omissions (E&O) coverage, a specialized type of professional liability insurance, is...
Jencap Group Expands Into New Distribution Channel with Acquisition of Foresite Sports
New York, NY (March 5, 2024) - Jencap Group LLC (Jencap), one of the largest wholesalers in the U.S., announced today that it has acquired Foresite Sports LLC, a program manager specializing in prize contingency coverage and event insurance. Foresite Sports will...
Professional Lines Complexities for Financial Institutions
When it comes to professional lines risks and exposures, the rules of the game are ever-changing. The world of professional insurance is incredibly nuanced and complex. Business risks and coverage needs can vary dramatically, from industry to industry and from...
Shedding Light on NEM 3.0’s Impact on California Solar Market and Insurance
As the United States continues its transition toward sustainable energy, California has been at the forefront, leading the charge in adopting solar power. Net Energy Metering (NEM) has played a crucial role in incentivizing solar adoption, but the recent rollout of...
Untangling the Complex Web of Economic and Social Inflation in the Commercial Auto Sector
All industries are feeling the impacts of high inflation, and commercial auto is certainly not immune. In the American Transportation Research Institute’s (ATRI) most recent Operational Costs of Trucking report, they found that, in total, commercial auto operational...
Five Marketplace Trends Impacting the Surplus Lines Homeowners Market
2020 changed the landscape of the insurance world. The COVID-19 pandemic, domestic and global unrest, supply chain disruptions, and a litany of weather-related catastrophes took their toll on the property and casualty markets, as well as personal lines coverage....
Understanding NCCI’s Changes to the Workers’ Comp E-Mod Factor Methodology
The National Council on Compensation Insurance’s (NCCI) updated experience modification factor (e-mod) algorithm went into effect this past November. These changes — which insureds will begin to feel the impacts of in 2024 — are intended to more fairly and accurately...
Jencap Announces Strategic Leadership Appointments for Construction Wrap Up Practice
New York, February 7, 2024 – Jencap Group (Jencap) is excited to announce the appointments of Kris Bauer and Mike Yovino as leaders of the company's Wrap Up Construction Practice. This specialized practice group is one of many strategic centers of excellence that...
Workers’ Compensation Market Continues to Drop Rates
The workers’ compensation insurance market has remained relatively soft over the past few years, characterized by high capacity and rate decreases, as carriers seek to come out on top in a competitive environment. A number states are seeing drastic rate cuts this...
Jencap Experts’ 2024 Top Insurance Trends
A new year marks a new beginning, with hope, anticipation, and curiosity for what the coming months may bring. And in a dynamic industry like insurance, you never know with absolute certainty what might be just beyond the horizon. Stepping into 2024, we asked Jencap’s...
2024 Property Insurance Outlook: A Market in Transition
There’s no denying it. The property insurance marketplace is in unprecedented times — and has been for a while. Over the last few years, we’ve experienced what the industry terms a “hard market,” and there are a number of reasons for this, including a surge in natural...
Jencap HQ: Fueled by Dynamic Collaboration and Shared Success
At Jencap, working transcends the ordinary job experience – it's a dynamic collaboration that fuels success. The heartbeat of Jencap's power lies in its team, a close-knit community where every member contributes to the collective success. What sets Jencap apart is...
Three Ways Artificial Intelligence Is Shaping the Future of Insurance
In a world where technology seems to leap further and further ahead each day, artificial intelligence (AI) remains a transformative force, revolutionizing industries across the board. Insurance agents and their clients are witnessing a complex paradigm shift as...
Insurance Coverages Every Garage Operation Should Have
Running a garage or auto business involves far more than just fixing or selling vehicles. It comes with a set of unique risk exposures, and crafting an insurance package to protect against those risks isn’t a one-size-fits-all process. Whether your clients operate an...
Jencap Leaders Earn Recognition on Insurance Business America’s 2024 Hot 100 List
We are excited and proud to announce that our very own Joe Hayes, Jeff Sandy and Ashley Engl are recipients of Insurance Business America’s 2024 Hot 100 award. The 2024 recipients of IBA’s Hot 100 award represent the top insurance leaders in the U.S., featuring the...
TRENDS & WHITE PAPERS
Preparing for the Future of Cannabis Insurance
Despite the growing acceptance and legalization of cannabis, it remains federally illegal in the United States, creating unique challenges for the industry. Jencap explores three possible future scenarios for federal cannabis reform and their impact on cannabis insurance.
WHITE PAPER | Q2 2023 | 7 MINUTES
Navigating the New Frontiers
of Professional Lines Insurance
CASE STUDIES | Q1 2023 | 7 MINUTES
Your Guide to Cannabis Insurance
TRENDS | UPDATED Q2 2023 | 6 MINUTES
How Climate Change is Shifting the Insurance Industry
WHITE PAPER | Q3 2022 | 17 MINUTES
Garage Gurus: Garage Coverage Explained
TRENDS | Q2 2022 | 3 MINUTES
Riding The Waves of Change Insurance Industry Outlook
WHITE PAPER | Q1 2022 | 3 MINUTES
PODCASTS
Hosted by Jencap’s Managing Director of Marketing, Kathryn Smith, Flip the Cap is the podcast where insurance insights flow and trending topics are always on tap!
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