Market Changes for Directors and Officers Coverage

When major conglomerate Pacific Gas and Electric filed bankruptcy (after fielding claims of negligence after the California wildfires this...

Hotel Security Improved Since Vegas

Hotel security protocol has upped the ante in the nearly year and a half since the Mandalay Bay mass...

Construction Insurance in Today's Growing Market

If you build it, they will come—but don’t forget about adequate liability coverage for new construction! As the construction...

Distinguished Programs Names Zurich North America as New Carrier for City Homes Insurance Program.

MEDIA CONTACT: Rod Hughes | rhughes@kimballpr.com | (610) 559-7585 NEW YORK, Jan. 7, 2019 – Distinguished Programs, a national...

Distinguished Attends 2018 Historic Hotels Annual conference

It was an honor to sponsor and attend the 2018 Historic Hotels Annual conference at The Broadmoor, a beautiful...
Community Associations, Market Insights, Risk Insight
Market Changes for Directors and Officers Coverage
In the Press, Hospitality & Restaurants, Market Insights, Risk Insight
Hotel Security Improved Since Vegas
Historic Properties, Real Estate, Market Insights, Risk Insight
Construction Insurance in Today's Growing Market
In the Press
Distinguished Programs Names Zurich North America as New Carrier for City Homes Insurance Program.
Historic Properties
Distinguished Attends 2018 Historic Hotels Annual conference
Community Associations, Market Insights, Risk Insight

Market Changes for Directors and Officers Coverage

When major conglomerate Pacific Gas and Electric filed bankruptcy (after fielding claims of negligence after the California wildfires this past fall), D&O coverage was caught in the spotlight. Claims against directors and officers are on the rise nationwide, and analysts are questioning how far the market for D&O coverage will harden.

Distinguished’s Kyle Hyla, program underwriter for community associations, recently spoke with Rough Notes about D&O market trends. There are a variety of ever-changing factors that can impact coverage, and in this compelling article, factors like climate change, cyber security, and limited coverage for selected exposures are examined using current examples that illustrate the complexities of this important market. Visit Rough Notes to explore and share this valuable information.

 

Kyle Hyla Program Manager

Kyle Hyla

D&O and Crime Program Manager

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hotel security
In the Press, Hospitality & Restaurants, Market Insights, Risk Insight

Hotel Security Improved Since Vegas

Hotel security protocol has upped the ante in the nearly year and a half since the Mandalay Bay mass shooting in Las Vegas, which claimed the lives of 58 concertgoers at a nearby musical festival. Brooks Chase, president of Distinguished Specialty, was featured in Resort Trades, where he spoke to the changing landscape of the hospitality industry in the wake of violent events.

The terrible example from Las Vegas, which resulted in 2,500 lawsuits filed against MGM (which owns Mandalay Bay) and an additional 1,000 lawsuits filed by MGM against the victims, contesting the hotel’s liability, exemplifies how devastating a single act of violence can be. Chase reviews how this event changed hotel security plans and details best practices for staff and guest safety. He also offers additional tips that hotels can implement right away. To review and share these new guidelines for hotels, please visit Resort Trade.

Brooks Chase, president of Distinguished Specialty

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Construction insurance
Historic Properties, Real Estate, Market Insights, Risk Insight

Construction Insurance in Today’s Growing Market

If you build it, they will come—but don’t forget about adequate liability coverage for new construction! As the construction sector keeps pace with the general real estate market, Distinguished’s senior vice president and program executive, Michael Thabet, weighs in on currents facets of the construction industry and what that means for today’s carriers and insureds. Thabet discusses the importance of having the right type of coverage for different building projects and how newly emerging claims are changing the landscape of this sector. Dive right in and share this Rough Notes article.

 

Mike Thabet – Senior vice president and program executive

 

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CHIP Distinguished
In the Press

Distinguished Programs Names Zurich North America as New Carrier for City Homes Insurance Program.

MEDIA CONTACT: Rod Hughes | rhughes@kimballpr.com | (610) 559-7585

NEW YORK, Jan. 7, 2019 – Distinguished Programs, a national insurance program manager, today announces Zurich North America as the new insurance provider for its City Homes Insurance Program (CHIP) effective as of January 1, 2019. Zurich also operates as the provider for Distinguished Programs’ NY Brick & Brownstone program.

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In the Press

American Hole ‘n One renames its Grand Prize Promotions division

Congratulations to our sister company American Hole ‘n One. They’ve officially changed the name of their American Media and Special Promotions (AMSP) division to Grand Prize Promotions to more accurately reflect their business. In addition they have launched a new website grandprizepromotions.com where you can do the following:

  • See promotions that are most relevant to your business here
  • Request more information on our promotions here
  • Request help in coming up with new ideas here

We are thrilled to see where these exciting new changes take them!

 

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Historic Hotels Annual conference
Historic Properties

Distinguished Attends 2018 Historic Hotels Annual conference

It was an honor to sponsor and attend the 2018 Historic Hotels Annual conference at The Broadmoor, a beautiful historic hotel in Colorado Springs.

Kurt Meister, SVP of Business Development, and Maryann Prestia, Vice President of Programs, at Distinguished attended this years annual conference.  In addition to meeting with historic hotel property owners and managers, Kurt presented an academy session focused on the top risks historic hotels face and how to avoid them. He addressed some great questions coming from the audience.

We had a wonderful time and look forward to attending next year.

Hotel insurance

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Costs of Liquor Liability Claims
DO NOT USE

How to Avoid the High Costs of Liquor Liability Claims

An evening spent drinking at a Charlotte-based eatery ended in devastation. After consuming about ten drinks within two hours, a bar patron made a decision that he would live to regret—and that would change others’ lives forever. He decided to drive.

The customer got into his car, put the pedal to the metal, and slammed into another vehicle. He had been driving at 100 mph with a blood-alcohol concentration (BAC) almost three times the legal limit. The car he totaled was carrying a young, expecting couple.

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Toxic gas
Community Associations, Risk Insight

The “Silent Killer” of Toxic Gas and How You Can Avoid It

Can you believe that an estimated 20,000 people receive treatment annually due to gas poisoning? That’s a staggering figure. And, nearly 500 deaths per year are caused by that same toxic gas alone.

The National Fire Protection Association (NFPA) reports approximately 61,000 gas-related incidents yearly. But what gas could have such a harmful effect on so many lives?

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historic replacement cost
Historic Properties

Historic Replacement Cost Coverage Video

Owners and managers of buildings with historic significance, fine detailing and unique features have the desire to replace damaged property with like-kind and quality materials and detailed workmanship. If you have a client or prospect with a historic building, it’s vital to educate them on the importance of having historic or guaranteed historic replacement cost coverage so they are not left with significant coverage gaps in the event of a loss.

Please share our short animated video on replacement cost coverage with your clients.

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Hurricane Flood
Risk Insight

Being Storm-Ready During Hurricane Season

Hurricane Florence – scheduled to make landfall on Thursday, September 13, in the afternoon – was just upgraded to a Category 4 hurricane, meaning winds in excess of 130 mph. It could be the strongest storm to hit North and South Carolina in nearly three decades. Due to the strong winds and chances of a devastating impact, mandatory evacuations for eight coastal towns go into effect today – Tuesday, September 11.

We have four tips to help you and your insureds affected by the hurricane.

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hotel risks
Hospitality & Restaurants

Top 3 Emerging Hotel Risks – Hotel Executive

Over the last decade, it’s become clear that hotel risks have evolved dramatically. Through unfortunate events like the Las Vegas shooting and different movements that have emerged, we’ve learned that hotel owners and operators must develop a dependable plan around how they’ll protect their guests, their data, and their employees along with their data.

To combat recent threats and worries, hotel management must step up to the plate and seriously consider what precautions and procedures their company is willing to enforce to reduce potential risks.

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Distinguished Adds Expertise
In the Press

Distinguished Adds Expertise With Two New Hires

We are pleased to announce and welcome two new program management experts: Maryann Prestia, vice president program manager, primary programs, and Mary Genevich, senior underwriter, property and liability specialist.

As Distinguished Programs continues to expand its real estate, hospitality, and casualty products, the expertise of these two industry veterans will boost our future development and current offerings. Speaking on the continued investment in Distinguished’s products and programs, Brooks Chase, president of Distinguished Speciality, noted, “Maryann and Mary…will be invaluable as our company continues to grow.”

You can read more about Ms. Prestia’s and Ms. Genevich’s new roles and how their experience will lend itself to the continued success of Distinguished products and programs through published stories at Insurance Business America and ProgramBusiness.com.

 

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