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.

Future-Proofing Leadership: AI Challenges and D&O Coverage Solutions
In 2024, AI technologies, especially generative AI, are set to contribute $15.7 trillion to the global economy by 2030. 77% of companies are already utilizing or exploring AI applications to stay competitive. However, with great power comes great responsibility, and...

Jencap Welcomes Sarah Gavlick to Lead Carrier Relations and Client Distribution
New York, NY (08.20.24) – Jencap Group LLC (Jencap), one of the nation’s largest distributors of wholesale insurance products and services, announced today that Sarah Gavlick has joined Jencap as Executive Vice President of Carrier Relations and Client...

Blunt Truth: 8 Cannabis Insurance Mistakes Dispensaries Should Avoid
Running a dispensary in the rapidly growing cannabis industry presents unique challenges, particularly when it comes to securing the right insurance coverage. Many dispensaries, eager to get their business off the ground, make easily avoidable mistakes during the...

The Importance of Business Interruption Coverage Post-CrowdStrike Outage
The recent CrowdStrike IT outage sent ripples worldwide, underlining the critical nature of cybersecurity and the far-reaching consequences of technological disruptions. On July 18, 2024, a faulty update to CrowdStrike’s Falcon system resulted in widespread IT issues...

Inflation’s Impact on Workers’ Comp: Managing Medical Market Shifts
Imagine navigating through a labyrinth where each twist and turn brings new challenges. For insurance agents trying to place workers’ compensation risks, that can be a daily reality. Just as you think you have a handle on the path ahead, inflation shifts the walls of...

The Benefits of Event Liability Insurance
In today’s dynamic business landscape, hosting events is vital for companies, nonprofits, and individuals. Whether it’s a fundraising gala, a corporate networking event, or a grand wedding, these gatherings come with unique risks that standard insurance policies often...

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...

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...
TRENDS & WHITE PAPERS

Cracking the CAT Modeling Code
As storms grow more unpredictable, the insurance industry is reassessing how we analyze and underwrite property risks.
TRENDS | Q1 2025 | 17 MINUTES
Is Going Green Good?
TRENDS | Q3 2024 | 3 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
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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