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In the Press

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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systemic racism in the insurance industry
In the Press, Distinguished Life

How the Insurance Industry Is Tackling Systemic Racism

Systemic racism has come to the forefront of our collective consciousness as we struggle as a country to truly address racial injustice and its impact on our society. Along with other industries, the insurance sector is looking at how to tackle systemic racism on various fronts and put into practice diversity and inclusion. Many organizations in our industry came out with messages voicing support of Black Lives Matter, but walking the walk is what will bring real change.

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Preventing Legionnaire's Outbreaks
In the Press, Risk Insight

Avoiding Legionnaires’ Outbreaks as Businesses Reopen

Amid COVID-19, remote work became the new normal, with the doors to most commercial offices closed for at least 90 days. The same was true for hotels, restaurants, theaters, gyms, factories, and other businesses that have been temporarily shut due to the pandemic. As businesses reopen, now there are also concerns about Legionnaires’ outbreaks, a potentially deadly consequence of the coronavirus.

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las vegas reopens
In the Press

Vegas Rolls the Dice and Reopens Hotels, Casinos, and Restaurants

Nevada’s workforce has been among the hardest hit from the coronavirus pandemic. According to state data cited in an article in the Wall Street Journal, the pandemic and lockdown left one in every three workers in the Las Vegas area jobless. The unemployment rate in Nevada in April reached 28.2% − the highest of any state in the country and nearly double the national average of 14.7%, according to the U.S. Labor Department. After 78 days of lockdown and shuttered businesses, the Bellagio’s fountains are flowing and the gondolas are back at the Venetian.

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COVID-19 Issues
In the Press, Hospitality & Restaurants

COVID-19 Issues, Impacts, and Solutions: Experts Weigh In

As the world grapples with the impact of the COVID-19 pandemic, virtually no one has been left unaffected. As we all work to adjust to this “new normal,” virtually every profession, trade, and industry is struggling with unprecedented challenges. Our industry is not immune to such challenges, and is constantly working to adapt to the changing political and economic landscape.

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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.

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hotel security
In the Press, Hospitality & Restaurants

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.

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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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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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IBANY Awards
In the Press

IBANY Awards

Distinguished Programs has always been a strong supporter of professional development.  Whether you’re a seasoned expert or just starting your career in insurance, there are amazing opportunities for continual growth.

Last night two of our Distinguished colleagues brought home the “gold.”  Congratulations to Connor Clemmer, who was awarded the IBANY 2018 Emerging Leader Award, and Mamadou Bah, who received the 2018 Education Award.  We are so proud to work with such determined, diligent, and accomplished individuals!

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Hotel Industry
In the Press, Hospitality & Restaurants

Focus on the Hotel Industry – The Rough Notes Company Inc.

While the growth of the travel and hospitality industries creates opportunities, it also poses increasing challenges. Human trafficking and hotel shootings may not have been top concerns 10 or 20 years ago, but they have sadly and undoubtedly climbed up the ladder of major issues facing hotels in recent years. Seeing how the privilege of hotel room privacy was blatantly abused in the Las Vegas shooting, we now need to reassess the tradeoffs between privacy and safety. Though many hotels are providing some guest education at check-in, that’s just the starting point of addressing the variety of issues being faced more frequently these days.

Associate Vice President, Sean Young, talks with Rough Notes Magazine about issues and preventative measures property owners can take to protect themselves and their guests. Read the Rough Notes article here.

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data breaches
In the Press

Responding to Hotel Data Breaches

Data breaches are at an all time high, up 45 percent from 2016, and hotels are a prime target. Accommodations, which includes hotels and restaurants, top the list for point-of-sale cyber breaches with the average cost of investigations being $735,000, increasing in cost based on the size of the company.

Hotel owners and managers need to be protected and prepared for when a data breach occurs. Distinguished Programs’ Senior Vice President, Kurt Meister, sat down with Hotel Business to discuss what steps to take when a breach happens – from evaluating your risks, preparing your hotel to respond, what to look for when searching for proper cyber liability coverage, and how to reduce cyber risks from occurring in the first place.

Read the article here

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