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Market Insights

specilaty insurance
Market Insights

Brokers, Agents Benefit from Program Managers’ Specialty Insurance

The last several years have seen the insurance market firming due to catastrophic property losses and liability loss trends that have resulted in commercial lines rate increases and stronger underwriting discipline. Projections for 2020 include further increases for several lines of business including Umbrella, Directors & Officers Liability, and Commercial Property insurance.

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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.

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On-Demand Insurance For Drones
Market Insights

Drones and the Insurance Industry: Changing the Way We Do Business

Drones are changing the face of the insurance industry one small airborne device at a time. Now multiply that by a few million. Ever since the FAA eased regulations on the commercial use of drones in 2016, there has been a huge uptick in drone usage, especially by insurers. There could be as many as 7 million drones flying in the US skies by 2020, with 2.5 million of those being commercially operated.

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Golfer
Market Insights, Distinguished Life

Distinguished Scores a Hole in One!

Distinguished has made an acquisition that should interest both golfers and brokers alike! In this press release published Dec. 4, 2017, we announce our exciting news about acquiring the international leader in golf promo prizes, American Hole ‘n One (AHNO).

“This is a marriage of equals, and we are excited about the future,” notes Mark Kissick, AHNO’s new president. With this acquisition, Distinguished will build on AHNO’s successful history and focus on major business growth. Check out more info about this new venture at Distinguished, and please contact us with any questions.

 

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House of Representatives vote for NFIP
Market Insights

Flood Commissions on the Chopping Block

Floods are the most common natural disaster in the U.S. and also the most costly, according to FEMA. The House of Representatives is voting this week to reauthorize the National Flood Insurance Program (NFIP), which expires Dec. 8. BUT we urge you to tell your representative to VOTE NO on this bill, which would slash the “Write Your Own” reimbursement rate, thus cutting agents’ commissions. Take action here.

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restaurant technology
Hospitality & Restaurants, Market Insights

Move Over Martinis, the Three-Click Lunch is Here

Mobile apps, online ordering, and automated kiosks—what’s a restaurant’s best bet for adding tech? More and more eateries in the hospitality industry are paving the way for an automated future—one where sales increase, costs go down, and customers are happier to skip a line and some in-person wait time.

New restaurant technology is becoming a standard, and a digital lunchtime of ordering and paying before picking up your food is becoming the norm. A restaurant with a mobile app benefits with: enticing photos of food for customers to peruse, click-to-call buttons for customers who use the app to get ahold of the restaurant, and easy access to leaving reviews on important sites. Not to mention access to the entire menu, specials, and discounts or loyalty rewards.

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Airbnb
Hospitality & Restaurants, Market Insights

What Hotels Can Learn from the Success of Airbnb

 

Imagine you’re making vacation plans to explore a new city or country. Picture a comfy bed, a suggested guide to the city left on the bedside table, an eat-in-kitchen and a bathtub to soak in…Did you picture a hotel room or someone’s empty apartment? The hospitality industry is continuing to consider consumer preferences as Airbnb approaches its 10-year anniversary in 2018.

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crowdfunding
Real Estate, Market Insights

Crowdfunding: Giving Individuals A Piece of the Real Estate Action

Crowdfunding is turning the real estate investment sector on its head: It allows a group of investors to pool their money together to fund real estate transactions. On-line platforms connect individuals to commercial real estate investments across the United States, making it easier for them and real estate companies to raise capital as compared to traditional channels.

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Work from home
Market Insights

Workin’ the “Work-at-Home” Jam

Work it, baby! Millennials are moving up in industry, baby boomers are set to retire, and the number of companies that facilitate work-from-home jobs is on the up and up. In fact, it’s been growing for decade.

Ten years ago, according to the Bureau of Labor Statistics, 19% of the workforce did so from the comfort of their home office. Cue the footy pajamas. Now that figure is closer to a quarter of the workforce in the US and rising.

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Travel Ban
Hospitality & Restaurants, Market Insights

How Tourism May Be Affected by the Travel Ban, Extreme Vetting, and Stronger Dollar

A confluence of events could have a real impact on tourism and the hospitality industry in the United States. There is the proposed travel ban of six countries by the Trump Administration, consideration of extreme vetting of foreigners entering the U.S. by the government, and a strong dollar that may dampen the spirits of visitors coming to our shores for sightseeing, some fun in the sun and great shopping.

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