This video explores effective communication within wrap-up insurance programs (OCIP/CCIP’s).
Incurred Losses The incurred amount, in reference to claims associated with an OCIP/CCIP, represent the amount expected to be paid in order to close a claim. The incurred amount is…
Once a quarter, CRS seeks out a volunteer opportunity with an existing organization. We spend half a day learning about and participating in a local cause. This quarter, we are…
How to Maximize Potential Savings On Your OCIP/CCIP Today, more than ever, the budgeting process has become essential to the success of construction projects. Lenders are intensifying their underwriting criteria,…
The New York Compensation Insurance Rating Board recently announced another annual increase in the payroll limitation cap. For policies with an effective date on and after July 1, 2012, the payroll…

ALAE (Allocated Loss Adjustment Expense) Allocated Loss Adjustment Expense (ALAE) represent expenses directly attributable to settling and defending specific claims. These expenses include salaries of adjusters, legal fees, court costs,…