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In the Press

resilience of restaurant industry
In the Press, Hospitality & Restaurants

Resilience of Restaurant Industry Continues Amid COVID, Tough Insurance Market

The restaurant industry no doubt has been among the hardest hit amid the coronavirus as a result of mandatory lockdowns during the initial phase of the pandemic and subsequent ongoing capacity restrictions and other requirements that have significantly impacted operations. Yet during these challenging and unprecedented times, we’ve seen the industry put its creativity to work to continue generating revenue. We turned to Heidi Strommen, president, ProHost USA, a division of Distinguished Programs, to share some of her insights on the state of the restaurant industry and how it’s faring, not only in the wake of COVID-19 but also during today’s hard insurance market. ProHost USA is a leading specialty insurance program for restaurants and related risks that include fine dining, family dining, fast casual, catering, and wine bars.

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civil unrest fears stoked amid upcoming election
In the Press

Civil Unrest Fears Stoked with Upcoming Election

The year 2020 by any measure has been a challenging one, beginning with the coronavirus pandemic that has caused hundreds of thousands of deaths, shut down our economy, and upended tens of thousands of businesses and key industry segments. Amid the pandemic, protests took place across the country demanding police reform in the wake of several African-American deaths. Along with these protests, looting and civil unrest also took place in parts of the country. Now we are looking at the upcoming presidential election on November 3 with the potential for civil unrest to rear its ugly head.

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Municipalities support local restaurants
In the Press, Hospitality & Restaurants

NYC Restaurants Getting the Support of Local Government Amid COVID

According to the National Restaurant Association, some 100,000 of the one million restaurants and bars operating in the U.S. before the pandemic are expected to permanently close by the end of this year as a result of the economic upheaval caused by the coronavirus. But municipalities around the country, including in New York City, are taking steps to help restaurants survive this crisis, including relaxing regulations and facilitating permits for outdoor dining.

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california to phase out gas-powered cars
In the Press

California to Beginning Phasing Out Gas-Powered Cars in 2035

The Golden State recently announced its plan to ban sales of new in-state gas and diesel vehicles starting in 2035, a move by California regulators to help reduce greenhouse-gas emissions. Only electric vehicles will be available for purchase as new vehicles from 2035 forward in the state. The executive order does not ban the sale of used gas-powered vehicles after the date or try in any way to remove them from the road. The plan would also set a goal for all heavy-duty trucks on the road in California to be zero emissions by 2045 where possible.

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workers compensation in the covid world
In the Press

Workers Compensation in the COVID World

When the coronavirus hit earlier this year and it became obvious that many individuals were at risk of becoming infected, several states amended their rules for Workers Compensation benefits payouts to include healthcare and frontline workers exposed to the virus and then quarantined. Compensability for occupational diseases varies per state with some statutes excluding “ordinary diseases of life,” such as the common cold and flu. Additionally, in some cases, it may be difficult for employees to prove they contracted the coronavirus at work. As a result, executive orders and/or bills were passed in many states to address how Workers Compensation will respond during the pandemic.

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business interruption covid 19 claims
In the Press

Business Interruption COVID-19 Litigation Continues

The coronavirus pandemic brought businesses to its knees, shuttering everything from restaurants to hotels, gyms, hair salons, retailers, and other establishments. Many business owners turned to their Business Interruption (BI) insurance policies to cover loss of income and to pay ongoing expenses like payroll, rent, etc. Yet BI policies are designed to respond only if a business is forced to close due to direct physical damage to its property as a result of covered peril (like a fire). Furthermore, BI policies typically exclude viruses.

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the risk of legionella lurking in water systems
In the Press

The Risk of Legionella Lurking in Water Systems after COVID Closures

As schools begin to reopen in certain communities, in addition to concerns over the spread of the coronavirus, officials are also worried about the increased risk of deadly illnesses caused by bacteria after months of closures. In fact, a dozen schools have already reported the detection of Legionella in their water systems, a warning to all property owners and managers – from offices to hotels and restaurants – to undertake risk-mitigation measures in order to help prevent potential outbreaks of Legionnaires’ disease.

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how generation z is handling the pandemic
In the Press

How Generation Z Is Handling the Pandemic

Americans of all ages are grappling with life amid the coronavirus pandemic, but among those most affected is Generation Z.

True, older generations are experiencing the highest fatality rates from COVID-19. And every generation is indeed under economic strain, as jobs are lost, hours are reduced, and pay is lowered. But older generations benefit from years, if not decades of normalcy — a strong economy and all of society’s rites of passages.

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civil unrest and commercial property coverage
In the Press

Inside Civil Unrest and Commercial Property Damage

On the heels of a number of deaths committed by police, protests broke out throughout the country. While most of the protests have been peaceful, rioting and looting have taken place in several cities, including most recently in Kenosha, Wisconsin, in the wake of Jacob Blake’s shooting. Many small businesses that have property damage as a result of the civil unrest are looking to their Commercial Property policies for remuneration.

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directors and officers insurance
In the Press, Market Insights

COVID-19-Related Litigation Landscape and D&O Insurance

The coronavirus has taken its toll on businesses, workers, and the economy with the insurance industry at the center of quite a number of disputed cases, particularly with regard to business interruption losses. But over the last several months, we’ve also seen litigation impacting corporate directors and officers (D&O) – from securities class-action suits to derivative claims and a hotbed of other potential D&O claims down the road. Let’s take a look at what’s been happening and what may lie ahead.

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In the Press

Insurance Industry Innovates with New Pandemic-Related Products

Most of what we’re reading about regarding the pandemic and the insurance industry involves the potential for litigation. But just as with any other major event and disruption that occurs, there is also an opportunity for individuals and companies to innovate. This is exactly what the insurance industry is doing, as evidenced by the number of announcements we’ve seen on how carriers, InsurTechs, and others are creating new pandemic-related products and tools.

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creative ways restaurants are responding to covid
In the Press, Hospitality & Restaurants

Creative Ways Restaurants Are Responding to Coronavirus

While restrictions have eased and restaurant sales are seeing an increase, the restaurant industry is far from normal. During the first three months of the pandemic alone, the National Restaurant Association estimates that the restaurant and foodservice industry lost over $120 billion of revenue. And over half of all restaurants are expected to remain permanently closed.

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