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.
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...
Episode 9: Rolling Out Coverage with the Cannabis Insurance Ninja
In this episode of Flip the Cap, host Kathryn Smith sits down with Erich Schutz, Jencap National Practice Leader for Cannabis, to explore macro and micro-level factors contributing to the rapid growth rate of the cannabis industry. Schutz also discusses the most...
El Niño 2023: Snowfall Shifts and Increased Property Risk
According to the National Oceanic and Atmospheric Administration’s (NOAA) 2023-2024 winter outlook, the first El Niño we’ve seen in four years is heading our way. El Niño typically brings wetter, cooler weather to the south, while also delivering warmer, drier weather...
Effective Strategies for Managing Ice Dams
Ice dams, the thick accumulations of ice that form at the edges of roofs, are a notable winter concern for both commercial and residential properties. As insurance agents, gaining a comprehensive understanding of ice dams is key in offering well-informed advice and...
Construction Innovations Impacting Builders’ Risk Exposures
In the construction industry, staying ahead of emerging trends is crucial for builders and insurers alike. Not only can advances in construction technology reshape the way we build, they can also influence builders’ risk insurance exposures. According to a recent...
Importance of Insurance for Underground Storage Tanks (USTs)
Across many industries, underground storage tanks (USTs) play a crucial role in storing everything from fuel to industrial chemicals and other hazardous substances. However, with great utility often comes great responsibility, and ensuring these tanks are adequately...
Water Damage Prevention Tips for Property Owners
Water damage is one of the most common causes of insurance loss claims. The Insurance Information Institute estimates that 1 in 60 insured homes will experience an insurance claim related to water damage or freezing, with an average claim loss of $12,514. Â Despite the...
Top Concern for Marine Insurers: Container Ship Fires
The shipping industry is fraught with risks and exposures — volatile weather conditions, mechanical breakdowns, theft and piracy, fuel spills, cyberattacks, and supply chain disruptions, just to name a few. One risk in particular, however, is drawing a lot of...
Episode 8: Navigating the Workers’ Comp Maze with Jeff Sandy
Welcome to Flip the Cap! On this episode of Flip The Cap, Kathryn Smith sits down with Jeff Sandy, Jencap’s Vice President of Workers’ Compensation. With extensive experience and expertise in workers’ compensation, Jeff delves into the intricate world of insurance...
Cannabis Product Recalls Can Cripple Operators
On August 2, Missouri cannabis regulators suspended Delta Extraction’s cannabis business license, accusing them of illegally sourcing materials from an unlicensed facility. Twelve days later, over 60,000 of Delta Extraction’s products were recalled state-wide. ...
Updates to OSHA’s Electronic Workplace Injury Reporting
Starting January 1, 2024, the U.S. Department of Labor will require employers in high-hazard industries to submit injury and illness information electronically to the Occupational Safety and Health Administration (OSHA). You can visit the OSHA website to review full...
Deborah Dioguardi Receives the ACORD Women’s Insurance Advancement Award
Insurance Executive Recognized For Trailblazing Work New York, NY (October 19, 2023) – Deborah Dioguardi, Jencap National Practice Leader for Professional Lines, has been selected as an ACORD (Association for Cooperative Operations Research and Development) Women’s...
Cyber Insurance Gives Companies Leg Up on New SEC Ruling
At the end of July, the U.S. Security and Exchange Commission (SEC) adopted the Public Company Cybersecurity Disclosures ruling. These new regulations change how and when public companies disclose information about cybersecurity insurance incidents to shareholders....
Construction Workers’ Compensation Claims Costs on the Rise
Workers’ compensation claim frequency is holding steady, yet there’s been an uptick in the cost per claim, particularly within the construction industry. As we look toward 2024, understanding the factors contributing to this increase is crucial for navigating the...
Powering Tomorrow: Top Solar Power Trends
Social and regulatory pressures have boosted the interest and support for renewable energy expansion in the United States. Last year, the federal government instituted the Inflation Reduction Act (IRA), committing $369 billion to climate and clean-energy investments,...
Episode 7: Flip the Cap: Navigating the Professional Lines Industry with Michael De Feo
Welcome to Flip the Cap! On the latest episode of Flip the Cap, Kathryn Smith sits down with special guest Michael De Feo, Senior Vice President of Jencap’s Professional Lines Practice. Michael explores the volatile landscape of the professional lines industry -...
Unbreakable Coverage: Why Commercial Properties Need Equipment Breakdown Insurance
Owning and managing any type of commercial property — hotel, office building, shopping mall, bakery — comes with its share of risks. One often overlooked risk is the sudden breakdown of essential equipment and machinery. A power surge, faulty circuit, loose bolt, or...
Rev Up Your Protection: Safeguard Auto Shops with Garagekeepers Coverage
The responsibilities of auto repair shops go far beyond fixing mechanical problems and performing routine maintenance. In addition to managing the day-to-day business, owners and technicians are also tasked with guarding against accidents, thefts, and unforeseen...
Most Popular Luxury Collectible Items
The global collectibles market was valued at around $372 billion in 2020, and it's expected to keep growing steadily at a rate of 7 percent from 2021 to 2028.As a subcategory of collectible items, luxury collectibles are setting record-breaking prices, and are leading...
Financial Challenges Threaten Cannabis Multistate Operators
Multistate operators (MSOs) are the heavy-hitters of the cannabis industry. These are established, well-funded players who set their sights on expanding into as many new markets and states as possible — a feat that’s not easily accomplished in the heavily regulated...
Current State of the Property Insurance Market: 2023
If you’re a retail insurance agent with a book of business in the property insurance market, you’ve no doubt had conversations with concerned clients about why their premiums are increasing and coverage is getting harder to come by. Unfortunately, this is the case...
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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