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 Launches Cannabis Site Pollution Liability (SPL) Insurance Program
New York (June 8, 2022) - Jencap Group LLC (Jencap) has launched an exclusive, niche program offering monoline Site Pollution Liability (SPL) for cannabis risks. The program is specifically designed for cannabis growers, processors, laboratories, warehouses, and...
CGL vs. Garage Liability Insurance: Which is Right for Your Client?
Suppose your client is an auto dealer with a large lot of cars for sale. While rearranging cars on the lot, one of your employees accidentally crashes one car into another. Is this damage covered? Auto businesses have unique risks and, therefore, need specific...
Secondary Perils on the Rise, Responsible for Growing Share of Disaster Claims
Natural catastrophes broke insurance claims records in 2021. Historically, primary perils – like earthquakes – have been weather events with the highest loss potentials, but secondary perils – including wildfires, rainstorms, and floods – have become more frequent in...
The Oil and Gas Industry’s Important Insurance Needs
Clients in the oil and gas industry have essential insurance needs, and there isn’t a one-size fits all package to cover all of the exposures that are present for those risks. Oil and gas businesses need General Liability to protect them from claims involving bodily...
Your Cannabis-Related Clients Need Proper Insurance Coverage to Mitigate Risks
Cannabis industry experts at BDSA Analytics project the global sales of cannabis will increase by 22% over last year’s figures, reaching $35 billion in 2022. The legal cannabis market is poised to grow 20-30% per year and is expected to reach $50 billion by 2026. As...
8 Reasons your Cannabis Clients Need Site Pollution Liability Coverage
The cannabis industry is expected to see exponential growth over the next few years. Market experts project the industry to hit $45B in 2025 and up to $100B over the next 10 years. That growth will only be possible if growers, processors, laboratories and retailers...
5 Reasons Pollution and Environmental Claims are Rising
Environmental insurance (also known as Pollution insurance) provides coverage for loss or damages resulting from the unexpected release of pollutants, including claims for bodily injury, property damage, cleanup costs, and business interruption. It's important to know...
Exciting IoT and AI Technologies are Improving Truckers’ Safety
The trucking industry faces numerous challenges. Employee shortages mean less experienced drivers are on the road, which could negatively impact fleet safety and the ability to obtain insurance coverage. Fortunately, the industry is seeing the introduction of...
Russell Bond & Company Rebrands to Jencap Specialty Insurance Services Inc.
Buffalo, NY (April 4, 2022) – Russell Bond & Co. (Russell Bond), a full-service specialty wholesale brokerage and managing general agency (MGA) firm, is pleased to announce a new name and brand identity. Effective immediately, Russell Bond will operate as Jencap...
How Rising Sea Levels Will Impact Property & Environmental Insurance
Climate change has been making headlines recently, and now experts predict that global warming will lead to substantial sea level rise in the coming years. In fact, scientists are forecasting a one-foot rise in sea level over the next 30 years. To put this into...
Don’t Get Railroaded on Your FELA Claim
Almost all private employees in the United States can collect Workers’ Compensation insurance benefits if they are injured on the job. Railroad employees are the exception to the rule, as any job-related injuries are covered through The Federal Employers Liability Act...
Jencap Names Maria Hurley as Senior Vice President of Human Resources
Experienced global human resources exec joins Jencap to drive employee and company growth New York, NY (March 2, 2022) – Jencap Group LLC (Jencap) is pleased to announce that Maria Hurley has been named Senior Vice President of Human Resources and will assume her new...
Jencap Group Acquires Delta General Agency Corporation
Expands Brokerage and MGA Capabilities in Texas NEW YORK, NY (February 1, 2022) – Jencap Group LLC (Jencap) announced today that it has agreed to acquire the assets of Delta General Agency Corporation (Delta), a full-service specialty wholesale brokerage and managing...
Riding the Waves of Change in 2022 The Jencap Insurance Industry Outlook
If the insurance industry had posted its relationship status in 2021, it would have been "It’s complicated." For 2022, it’s still going to be complicated. ... only a little less so. In this white paper you'll find: Seven major trends that will impact the insurance...
Workers’ Comp Cannabis Claims: States Covering Them and What’s to Come
The legalization of cannabis is a hot topic not just among lawmakers and eager hopefuls, but also in the insurance industry. As tolerance and acceptance for cannabis gradually increases, so has its use in the medical community. Medical marijuana usage has grown in...
John LaCava Named Chief Operating Officer of Jencap
NEW YORK (January 20, 2022) – Jencap Group LLC (Jencap) is pleased to announce that John LaCava has been named Chief Operating Officer and will assume his new role effective immediately. LaCava currently serves as President and Chief Executive Officer of Jencap...
Jencap Creates Strategic New Role For Their Programs Division
NEW YORK, NY (January 13, 2022) – Jencap Program Administrators (JPA), a division of Jencap Group LLC (Jencap), is pleased to announce the newly created executive role of Chief Revenue Officer. Mike Schofield, formerly President and Chief Executive Officer of MiniCo...
Jencap Implements Two Sigma Insurance Quantified’s SubmissionIQ
Technology Will Improve Jencap’s Underwriting Profitability and Broker Response Time NEW YORK, NY (January 11, 2022) – Two Sigma Insurance Quantified (TSIQ), an insurance technology company for commercial property and casualty underwriting, announced today that Jencap...
Jencap Group Acquires International Assurance of Tennessee, Expands Medical Stop-Loss Capabilities
NEW YORK. (January 3, 2022) – Jencap Group LLC (Jencap) has agreed to acquire International Assurance of Tennessee (IAT), a Managing General Underwriter (MGU) specializing in Employer and Medical Stop Loss Insurance. IAT will operate under the auspices of the Jencap...
8 Workers’ Compensation Scenarios That Should Trigger a Call to a Specialty Wholesaler
Workers’ Compensation is anything but straightforward. And just when you have a handle on your clients’ business operations, they add a new business location, have a significant loss, forget to pay their insurance bill, or start hiring an entirely new classification...
PFAS: How “The New Asbestos” Will Affect the Insurance Industry
This past month, the Biden administration announced a three-year plan to regulate and reduce the use and spread of PFAS, while also doubling down on cleaning up PFAS already released into the environment. These toxic chemicals are widely used in many consumer and...
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
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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