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Property Insurance Market Update – Q2 2020

… capacity directly impacts renewal pricing, as the days of plentiful capacity to use as a leverage tool to blunt rate increases from incumbent carriers are gone. Industry Groups Some underwriters are non-renewing accounts within particular industries, including food, wineries, high-tech, school districts, waste and recycling, frame habitational, auto dealerships and chemical risks. These industries are seeing the most severe restrictions in carrier capacity, deductible increases and rate hikes. Coverages, Terms & Conditions There has been a significant cutback by many carriers on the first party cyber coverage that gradually made its way into property forms over the last decade …

https://www.epicbrokers.com/insights/property-insurance-market-update-q2-2020/

Programs

EPIC Programs provides best-in-class customized risk management and insurance programs for the members of targeted regional, state and national trade associations and affinity groups. We develop deep expertise in the operations, opportunities, and challenges of each program partner’s industry; offering unique products, proprietary markets, and integrated program management support to fully serve and support our program clients and their members. Connect with Sales Solutions Our team of more than 50 program specialists manages nearly $100,000,000 of premium generated by over 2,500 participating client companies including Golf Courses and Country Clubs, New Car Auto Dealerships …

https://www.epicbrokers.com/programs/