CRC Crump Executives Co-author Article on Professional Liability Marketplace

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In 2012 the industry saw the first signs of overall market stabilization.

CRC l Crump

For brokers looking to strategically position themselves in 2013, knowing how to proceed can be somewhat difficult.

After an extended soft market across many, if not all, facets of the professional liability marketplace, 2012 saw the first signs of overall market stabilization. Certain products are showing a more significant pricing correction. But will this trend continue?

In this article, Garrett Koehn (Regional Director and President of Northwestern US) and Angela Petersen (National Professional Liability Counsel) discuss a professional liability survey conducted by CRC asking 40 carriers throughout the industry what they expected from the market in 2013. They also cite other sources within the article. The information reveals that rates appear poised to increase across several coverage lines. Some lines will show growth, offering additional opportunities for increased revenue.

This article discusses some of the opportunities for retail agents and brokers in 2013. The authors also point out those areas that they believe will continue to follow a downward trend.

If you are interested in reviewing a copy of this article for possible publication in your magazine, please email Mary Jefferson at MJ (at) MakeItCountMarketing (dot) com. We respect your desire to publish news specific to your publication. As such, permission for publication will be extended to one media outlet only.

Article specifications: Approximately 1200 words, co-authored by Garrett Koehn and Angela Petersen of CRC's San Francisco Office.

About the Authors:
Garrett Koehn is Regional Director and President of Northwestern US for CRC/Crump Insurance Services. Koehn’s expertise includes:

  • Directors & Officers insurance
  • Technology related professional liability (E&O, media, cyber liability etc.),
  • Intellectual property risks
  • Private equity
  • Venture capital.

Angela Petersen serves as CRC's National Professional Liability Counsel, out of the San Francisco office. She advises brokers and their clients on various insurance coverage issues for Directors and Officers, E&O, and all professional liability contracts. She also offers support in the event of claims or carrier disputes.

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