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.
Insuring Private Collections with Specialty Insurance
Private collections, whether they comprise rare art pieces, vintage cars, exquisite jewelry, or other unique treasures, hold immense value not only in terms of monetary worth but also in sentimental value. As insurance agents, understanding the nuances of insuring...
Claims from U.S. Climate Lawsuits Could Be on the Rise
Climate-related extreme weather events continue to be a “hot topic.” Scorching heat, unusually heavy rainfalls, raging floods, and wildfires have all left their mark on North America this summer, while the world reaches record land temperatures. Things aren’t just...
Elevating Coverage: E&S Insurance for Luxury Homes
In the insurance world, high-net-worth individuals often possess unique needs and assets that require specialized coverage. One area that stands out is Excess and Surplus (E&S) insurance, particularly when protecting multi-million-dollar homes. As the value of...
Episode 6: Behind the Wheel with Roman Atkielski
Welcome to Flip the Cap! The last mile delivery market is expected to grow by $165B between now and 2027 and almost $62B in North America alone. This trend is influenced by the growing global e-commerce market which will be more and more prevalent. The most...
The Seven Most Common Risks in Agribusiness
Agriculture is one of the most expansive and diverse industries in our nation. As such, it’s confronted by some of the most varied and complex risks. The forces of nature routinely intersect with the day-to-day realities of local and global economics and advancing...
Professional Liability Insurance: Notable Exclusions
Professional liability insurance protects business professionals and their companies against claims due to professional errors, mistakes, negligence, or omissions. Unfortunately, professional liability coverage forms aren’t always straightforward, and policy terms and...
2023 Last Mile Delivery Trends and Risks
Did you purchase one (or more!) of the 375 million items sold during Amazon’s 2023 Prime Day event? Each year, shoppers mark their calendars for Prime Day, anticipating killer savings on home goods, appliances, toys, and more, all delivered to their door within days....
Ransomware Attacks Threaten Healthcare Facilities
Last month, St. Margaret’s Health, a hospital in Spring Valley, Illinois, was forced to permanently close their doors. They attribute the closure in part to a 2021 ransomware attack. The rural hospital had been struggling to stay afloat amidst the Covid-19 pandemic...
Common Cyber Insurance Questions
We all can appreciate the conveniences of technology in our lives. That convenience along with digital interconnectedness have given rise to a multitude of cyber risks that threaten organizations of all sizes and types. The cost of these annual cyber threats in the...
Infrastructure Investment and Jobs Act and Its Impact on Insurance
The Infrastructure Investment and Jobs Act (IIJA) marks one of the most significant physical infrastructure investments in the U.S. in more than five decades. Over the past 18 months, it has led to an increase in projects and jobs across multiple industries. As...
Are Student Interns Eligible for Workers’ Compensation Coverage?
Internships play a crucial role in bridging the gap between academic learning and real-world experience. According to the National Association of Colleges and Employers (NACE), student intern hiring is on the rise, after a COVID pandemic dip. Based on results from...
FEMA’s New Risk Rating 2.0 Sparks Flood Insurance Controversy
First introduced in 2021, Risk Rating 2.0 is a new methodology created by the Federal Emergency Management Agency (FEMA) for determining flood insurance rates. Its goal is to provide fair and transparent flood insurance pricing that reflects an individual property’s...
2023 Product Recall Report: Q1 Recalls Jump 14.2%
2022 broke historic records with the highest number of product recalls in the United States. Could 2023 be on track to beat that record? Possibly. According to Sedgwick’s 2023 Product Recall Index report, the first three months of 2023 saw the total number of product...
Key Trends Shaping the Marine Cargo Insurance Marketplace
From supply chain bottlenecks to misdeclared cargo, there are a number of forces currently at play in the cargo insurance marketplace. We sat down with Jencap’s Inland Marine Brokers and VP of Falvey Insurance Group Will Frohne to dig in and unpack these trends. 1....
Tips for 2023 Hurricane Season Preparation
Hurricane Ian claimed the #1 spot for the world's costliest natural disaster last year, and positioned 2022 as the third most expensive hurricane season on record (behind 2005 and 2017). All told, the storm tallied up around $100 billion in losses, with private...
The Benefits of Owner-Controlled Insurance Programs
Owner-controlled insurance programs (OCIPs) are a type of “wrap-up” insurance policy that a property owner can take out for a construction or renovation project. Unlike the traditional construction insurance model — where each contractor or subcontractor secures their...
Construction Lending Roadblocks? Consider a Surety Bond Alternative
Surety bonds are an essential risk-management tool for the construction lending industry. They offer a financial buffer in the event that a project is left incomplete or fails to meet its agreed upon terms and conditions. Although bonds are often a required part of...
Top Things to Look for in a Commercial Habitational Insurance Carrier
Across the board, property insurance is getting hit hard — and the habitational insurance market is not immune. In the face of shrinking capacity and higher premiums, it’s more important than ever for habitational property owners to rely on quality carriers with...
Episode 5: Exploring Specialized Industry Topics with John LaCava
Welcome to Flip the Cap! On this episode of Flip The Cap, Kathryn Smith sits down with John LaCava (Chief Operating Officer of Jencap) to discuss the program management side of the insurance business. They dig into how the shift in the E&S marketplace has...
Understanding Motor Truck Cargo Insurance Exclusions
Motor truck cargo (MTC) is a specialized insurance coverage that protects against loss or damage to goods transported by a truck. This insurance product is intended for businesses that haul cargo for others, such as freight forwarders, trucking companies, and shipping...
Outsmart QR Code Scammers With These Tips
QR codes have become commonplace in our everyday lives. With a quick scan from a smartphone camera, they offer a fast and easy way to find additional information, access services, or process payments. However, scammers have found ways to take advantage of their...
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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