Episode 2: Analyzing Marketplace Trends with Jencap President

Episode 2: Analyzing Marketplace Trends with Jencap President

Welcome to Flip the Cap! In today's episode, Kathryn Smith sits down with Mark Maher, President of Jencap, to discuss everything you need to know about the rapidly changing insurance industry and how Jencap is poised for success. From the war on talent, active M&A environment, climate change and everything in between, you don't want to miss...

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Workers’ Compensation Profits Are Strong, but the Future Is Unclear

Workers’ Compensation Profits Are Strong, but the Future Is Unclear

Underwriting profits for Workers’ Compensation (WC) hit an annual average of $4.8 billion over the last five years, exceeding all other major property and casualty lines. According to a recently released market segment report from credit agency AM Best, WC’s strong favorable loss reserve development drove the favorable reserve development across...

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What Contractors Can Expect With Their Insurance in 2023

What Contractors Can Expect With Their Insurance in 2023

As we head into 2023, construction contractors should prepare for rate increases of at least 10 percent. Of course, this will vary business to business depending on changes to things like payroll, property values, and previous years’ losses. In addition, different insurance markets are harder than others, depending on current economic and social...

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Florida Condo Property Market Experiences Seismic Shift

Florida Condo Property Market Experiences Seismic Shift

The past eighteen months has been a “whirlwind” for the Florida condo market. Just over a year ago, the Surfside Champlain Towers South condo outside of Miami Beach collapsed. This October we saw the devastating effects of Hurricane Ian, which pummeled the Florida coast, costing estimated losses of up to $57 billion. These two major events, in...

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Reenvisioning the Role of Insurance in the Midst of a Climate Crisis

Reenvisioning the Role of Insurance in the Midst of a Climate Crisis

It’s difficult to argue that we’re feeling the impacts of climate-related risks and liabilities across all sectors of the insurance industry. However, we are also seeing many opportunities industry-wide to innovate and bring new products and solutions to the market.  According to a recent McKinsey article, in the face of the current global...

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Important Trends Impacting Inland Marine Insurance

Important Trends Impacting Inland Marine Insurance

A variety of trends—including gas shortages, shipping delays, inflation, extreme weather, and the COVID-19 pandemic—have significantly impacted the Inland Marine Insurance industry. This unprecedented volatility has led to increased rates, new exclusions, and tighter policy terms to limit losses. Inland Marine Insurance provides coverage for...

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Higher Construction Costs Lead to Increased Insurance Rates

Higher Construction Costs Lead to Increased Insurance Rates

The construction industry is facing their share of challenges lately. COVID-19-related shutdowns are causing ongoing product shortages. Supply chain disruptions are making it difficult to secure materials and leading to project delays. Soaring inflation is causing construction material prices to skyrocket by as much as 26.7%—which is having a...

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Secondary Perils on the Rise, Responsible for Growing Share of Disaster Claims

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 recent years and are responsible for a growing share of insurance claims....

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5 Reasons Pollution and Environmental Claims are Rising

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 that standard General Liability and Property insurance policies exclude most...

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Riding the Waves of Change in 2022 The Jencap Insurance Industry Outlook

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 industry in 2022. Industry outlook for every key insurance vertical – including...

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