What the CARES Act Stimulus Bill Means for Impacted Industries

On March 27, Congress finalized and passed a bipartisan $2 trillion coronavirus relief package. The unprecedented package of legislation,...

Regional Sales Executive Hire to Play Pivotal Role in Distinguished’s Growth in the Midwest

Distinguished Programs is pleased to welcome John Chisenhall as regional sales executive of our Midwest territories, which include Iowa,...

Distinguished: Always, Here for You

The coronavirus pandemic has ushered in a new era of social distancing, self-quarantining and remote work. At Distinguished, remote...

Distinguished Programs Covid-19 Update

Dear Distinguished Programs Broker Community Member, With all the focus given to the fast-changing effects of COVID-19 on businesses...

Distinguished Reads: Top Books for Insurance Professionals While Social Distancing

The coronavirus pandemic has many of us working from home, practicing social distancing and self-quarantining. During this challenging time,...
Market Insights
What the CARES Act Stimulus Bill Means for Impacted Industries
In the Press
Regional Sales Executive Hire to Play Pivotal Role in Distinguished’s Growth in the Midwest
Market Insights, Distinguished Life
Distinguished: Always, Here for You
Restaurants
Distinguished Programs Covid-19 Update
Market Insights
Distinguished Reads: Top Books for Insurance Professionals While Social Distancing
In the Press

Regional Sales Executive Hire to Play Pivotal Role in Distinguished’s Growth in the Midwest

Distinguished Programs is pleased to welcome John Chisenhall as regional sales executive of our Midwest territories, which include Iowa, Kansas, Minnesota, Missouri, North Dakota and South Dakota. With 15 years of experience in the commercial insurance space, John is poised to help expand our presence in the Midwest in the niche markets we serve with our specialized products and services.

Continue reading
Market Insights, Distinguished Life

Distinguished: Always, Here for You

The coronavirus pandemic has ushered in a new era of social distancing, self-quarantining and remote work. At Distinguished, remote work has been part of our culture’s DNA with many of our staff already working from home. We are well-positioned as always to serve our agency and broker needs. Our employees are all safe and equipped with the information and resources to answer questions and underwrite new and renewal business.

Continue reading
Top Books for Insurance Professionals
Market Insights

Distinguished Reads: Top Books for Insurance Professionals While Social Distancing

The coronavirus pandemic has many of us working from home, practicing social distancing and self-quarantining. During this challenging time, we thought it would be a good time to put together top books for insurance professionals to brush up on topics that include everything from leadership to negotiation, sales and marketing and social media. Included in each recommendation is a brief synopsis of the book. 

Continue reading
Illinois hotel grant
Restaurants

Illinois Department of Commerce Offering Hotels State Grants in Wake of COVID-19; Applications Due April 1

Illinois Governor Pritkzer and the state Department of Commerce have announced the creation of the Hospitality Emergency Grant Program to financially help small hotels, motels and other lodging establishments with funds that were originally slated for job training, tourism promotion and other purposes. The $14 million fund will provide grants to help establishments with payroll, rent and other expenses – welcome news considering the hospitality industry is among the hardest hit sectors due to the coronavirus pandemic.

Continue reading
Coronavirus Pandemic
Hospitality & Restaurants

Stakeholder Considerations for the Hotel Industry Amid Coronavirus Pandemic

The coronavirus pandemic has upended industries across the globe with the hospitality sector among the hardest hit, with personal and business trips coming to a halt due to travel bans and restrictions and major conferences and events cancelled or postponed. Many hotels have been forced to make difficult decisions amid the crisis. The economic fallout is far-reaching with the hotel industry seeking government funding in the stimulus package being hammered out in Congress in order to allow hotel owners to continue to make loan payments, support employees who are being laid off, and pay suppliers.

Continue reading
blogging
Market Insights

Blogging: Firming Market Calls for Thought Leadership

The insurance market continues to firm as Property & Casualty rates increase across all industry sectors and classifications, due (in part) to mounting losses. Insurers, in addition to making price increases, are also capping limits, adjusting sublimits, reducing capacity and, in some cases, retracting from catastrophe-prone areas. To help manage client expectations, agents and brokers should be communicating with insureds well before their renewals, including face to face, over the phone and in communication literature. For example, consider implementing a content-marketing strategy that leverages blogging to highlight your thought leadership, expertise and the need for specialization during a challenging and changing insurance market.

Continue reading
Retain Millennials insurance
Market Insights

How to Attract, Retain Millennials in the Insurance Industry

Millennials, also known as Gen Y, were born between 1982 and 1995 (or up to the year 2000 depending on the source). Millennials now represent 50% of the workforce, and by 2025, it’s estimated they’ll make up 75% of the workforce. The challenge for the insurance industry is attracting and retaining Millennials to fill positions left opened by retired Baby Boomers and accept new opportunities as the industry transforms to meet today’s consumer expectations. There simply aren’t enough Generation Xers (individuals between 40 and 54 years old) in the workforce to meet insurance staffing demands.  

Continue reading
Restaurants Data Breaches
Hospitality & Restaurants

Restaurants Data Breaches on the Menu of Top Risks

Restaurants, even small establishments, are vulnerable to data breaches because of the large number of on-line credit card transactions they handle daily. Experts say that point-of-sale restaurant data breaches are the “single biggest” cyber threat to the restaurant sector, as they offer the most direct route to credit cards and financial gain. It’s estimated that the 54% of cyberattacks against small businesses are in the Accommodation and Food Services industry, with restaurants accounting for 95% of those businesses hacked.

Continue reading
Coronavirus
Market Insights, Risk Insight

Impact of Coronavirus on Business: Cancelled Events, Online Meetings, Remote Work

The state of the coronavirus (COVID-19) epidemic is fluid as the number of infected individual cases worldwide reaches more than 118,000 and the death toll surpasses 4,000, according to the most recent information from the World Health Organization (WHO)*. As the contagion continues its rapid spread around the world, the impact is being felt on numerous fronts including in the travel and hospital industry as events, meetings and conferences are cancelled as well as on businesses in general, which are increasingly limiting and restricting employee travel and turning to remote work in an effort to keep workers safe.

Continue reading
Crisis Management
Real Estate, Hospitality & Restaurants, Community Associations

Preparedness Leads to Successful Crisis Management

Property owners face many different types of risks, including liability events that can result in media scrutiny and negative publicity, reputational damage, and additional loss of revenue. From a pool drowning at a condo to sexual assault in an office-building elevator, a deadly shooting at a mall, or allegations of tenant discrimination at a co-op that results in a multimillion-dollar lawsuit, without the right crisis management in place, a company’s potential liability can escalate in the wake of an incident.

Continue reading
Crisis Response Coverage
Real Estate, Hospitality & Restaurants, Community Associations

Understanding the Importance of Crisis Response Coverage

From a balcony collapsing at an apartment complex to sexual assault in an office building, the fallout from catastrophic events can quickly draw media attention. Property owners and managers must take action immediately to minimize reputational damage and protect their financial welfare. If not handled properly, losses to the company can be devastating.

Continue reading
avoiding electric shocks
Hospitality & Restaurants

Avoiding Electric Shocks

Getting an electric shock is not something that most hotel staff or guests prepare for.

When an unexpected zap occurs, injuries can range from mild to severe. An electrical shock could result in burns, shortness of breath, chest pain, nausea, and even unconsciousness and death. In the hospitality industry, opportunities for electrical shock can present themselves in many different locations on-site and should be managed before they cause a life-threatening problem.

Continue reading
Hotel Data Breaches
Hospitality & Restaurants, Risk Insight

Hotel Data Breaches, Other Attacks Underscore the Need for Cyber Insurance

In mid-February, MGM Resorts confirmed that, in the summer of 2019, the personal data of some 10.6 million guests was exposed on the dark web, potentially for hackers to abuse. The leaked data, according to ZDNet, included guests’ names, addresses, phone numbers, emails, and birthdates. MGM in its statement said, “It was confident that no financial, payment card or password data was involved in this matter…and that [it] promptly notified guests potentially impacted by this incident in accordance with applicable state laws.” MGM also said that it had retained the services of two cybersecurity forensics firms to investigate last year’s server exposure.

Continue reading