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 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...
Episode 12: Unlocking the Secrets to Change Management with Bruce Peddle
Welcome to Flip the Cap! Tune into our latest episode of Flip the Cap, where host Kathryn Smith and special guest Bruce Peddle, President of Jencap Insurance Services, take listeners on a journey through the dynamic world of insurance, the importance of innovative...
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...
Episode 11: Decoding Catastrophe Modeling with Bruce Norris
Welcome to Flip the Cap! In this episode, Kathryn Smith delves into the intricacies of catastrophe modeling with Jencap Director and certified catastrophe modeler, Bruce Norris. With decades of experience in catastrophe analysis and technology, Bruce sheds light on...
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....
TRENDS & WHITE PAPERS
Is Going Green Good?
In theory, “going green” is the better option, right? But it’s not always such a clear-cut answer. Two Jencap experts address this hot topic.
VIDEO | Q3 2024 | 28 MINUTES
Chronicles of Casualty
VIDEO SERIES | Q1 2024 | 46 MINUTES
Navigating the New Frontiers of Professional Lines Insurance
CASE STUDIES | Q1 2024 | 9 MINUTES
Preparing for The Future of Cannabis Insurance
WHITE PAPER | Q2 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 | 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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