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.
Top 5 Reasons to Have Media Liability Coverage
“This is gonna ruin the tour!” If you’ve seen the memes featuring Justin Timberlake, you know that sometimes, one misstep can have massive repercussions. In the media world, these missteps can lead to expensive and damaging lawsuits. For content producers,...
New Flood Zone Maps: What Insurance Agents Need to Know
Imagine waking up to a world where safety boundaries have shifted overnight. Homes that are standing firmly on dry ground are now reclassified into high-risk flood zones. Streets that have never seen a drop of standing water are suddenly part of a floodplain. This...
Innovative Solutions for Offensive Claims History: A New Hope
With so many uncontrollable variables affecting the insurance industry today, retail agents face significant challenges when representing clients with a history of large or frequent losses, as carriers typically view high-risk clients as liabilities. The result?...
Tips for 2024 Hurricane Season Preparation
The 2024 Atlantic hurricane season is expected to be one of the most active seasons in recent history. Record-warm sea surface temperatures in the tropical Atlantic and the anticipated development of La Niña conditions create a more favorable environment for hurricane...
Episode 13: Loren Henry, Recharging the Energy Sector
Welcome to Flip the Cap! Welcome to Flip the Cap! In this episode, Kathryn Smith sits down with Loren Henry, Energy Practice Leader at Jencap, to illuminate everything you need to know about the environmental industry. Shed light on topics such as energy risk nuances...
Protecting Healthcare Practices from Cyber Threats: The Critical Role of Cyber Insurance
In today’s digital era, healthcare organizations are increasingly becoming targets for cybercriminals due to the treasure trove of sensitive personal data. Cyberattacks can be devastating and have long-lasting effects, impacting healthcare providers and their...
Understanding Surplus Lines Insurance: Insuring the Unique and Hard-to-Place
Insuring high-value homes with unique risks can be daunting for insurance agents relying solely on standard insurance carriers, as they often avoid challenging homeowners risks. The solution? Surplus lines insurance. It can be an agent’s best secret weapon, serving as...
Top 5 Reasons You Need a Stand-Alone Product Recall Policy: Understanding Policy Limitations
In today’s consumer-driven market, the risk of a product recall can pose a significant threat to businesses. While many companies rely on their general liability (GL) policies, these often fall short when providing comprehensive coverage for product recall events. ...
Mitigating Risks as Mass Timber Construction Expands
Mass timber construction, a revolutionary building method, is rapidly gaining traction. Experts expect its global market to grow to $4.9 billion by 2030. Innovative and visually appealing, it uses large, engineered panels of laminated wood as primary structural...
How CAT Modeling Algorithms Impact the Insurance Industry
In the evolving risk management landscape, catastrophe (CAT) modeling has become a linchpin for the insurance industry. CAT modeling helps predict and mitigate losses from natural disasters, man-made disasters, public health emergencies, and more. But as the industry...
Hidden Hazards in Urban Planning: Importance of Environmental Insurance
Urban planning is a dynamic field, constantly evolving to meet the needs of growing populations and changing societal trends. As cities expand and modernize, addressing environmental risks and natural hazards in urban projects becomes increasingly important. This...
Preparing for Homeowners Insurance Renewals: A Guide for Agents
In today's market, agents may find themselves delivering bad news to clients renewing their homeowner's insurance. As labor costs, construction material prices, and inflation continue to rise, carriers are responding with higher premiums. In fact, some experts say...
Understanding the Persistence of the Property & Casualty Hard Market
The Property and Casualty (P&C) insurance market has experienced an unprecedented hard market for six years, a significant departure from the typical three- to four-year cycles seen since the 1980s. ALIRT Insurance Research highlights that the first quarter of...
Following the Deal Path To Build An Excess Tower
Where the stakes are high and the risks even higher, securing a robust insurance coverage tower is not just a safety measure—it's a cornerstone of business survival. Tailor-made with both umbrella and excess policies, “towers” of coverage are designed to extend...
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...
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 | 9 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 | 5 MINUTES
Riding The Waves of Change Insurance Industry Outlook
WHITE PAPER | Q1 2022 | 3 MINUTES
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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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