A new year marks a new beginning, with hope, anticipation, and curiosity for what the coming months may bring. And in a dynamic industry like insurance, you never know with absolute certainty what might be just beyond the horizon. Stepping into 2024, we asked Jencap’s...
Property Insights
Comprehensive property insurance protects an owner’s assets from damage, theft, and natural disasters. We unveil the unique challenges of property owners and how a customized insurance solution preserves the value of the property.
2024 Property Insurance Outlook: A Market in Transition
There’s no denying it. The property insurance marketplace is in unprecedented times — and has been for a while. Over the last few years, we’ve experienced what the industry terms a “hard market,” and there are a number of reasons for this, including a surge in natural...
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...
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...
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...
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...
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...
How to Talk to Clients about Reinsurance and Rising Property Rates
The property insurance market in North America has seen staggering price increases of 20-30%. Understandably, policyholders want to know why. There isn’t a single, straightforward answer, unfortunately. The rise in prices is due to a “perfect storm” of factors,...
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...
What to Tell Commercial Property Owners about Rising Valuations and Policy Premiums
When insuring a new commercial property, one of the first steps in the process is to carefully analyze and estimate the property’s total value. For both the insurer and the insured, it is important to get the most accurate valuation possible. On the insurance side,...
The What, When and Why’s of Stock Throughput Policies
If your client’s business involves assembling, importing, exporting, manufacturing, transporting, and/or distributing goods—a Stock Throughput Policy (STP) may be needed to cover their risk exposure. What is a STP A STP is a form of marine coverage that protects a...
TRENDS & WHITE PAPERS
Navigating the New Frontiers
of Professional Lines Insurance
From EPLI to Cyber, partnering with an expert professional lines broker makes the rough road much smoother. We live in a world where risks evolve rapidly, especially for businesses. Jencap’s specialized brokers share the six biggest challenges facing the Professional Lines industry today.
CASE STUDIES | Q1 2023 | 7 MINUTES
How Climate Change is Shifting the Insurance Industry
WHITE PAPER | Q3 2022 | 17 MINUTES
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