While community associations may tend to focus on the physical, concrete issues pertaining to their communities, a community’s risks in cyberspace are gaining widespread attention. And it’s warranted—more than half of all malware attacks target small businesses. And with cybercrimes racking up $100 billion in damages annually, it’s more important than ever to safeguard the data that community associations store.Continue reading
Spring is ramping up, and so are the construction jobs and renovations! But do your clients know the ins and outs of hiring contractors? Are their contractors OSHA certified or have they received recent complaint? Are their contracts all up to snuff, and how about the contractors’ insurance coverage? As residential and commercial property owners embark on routine maintenance projects or much-needed repairs,Continue reading
Slip-and-fall injuries are undoubtedly the most common claims in the hospitality sector. But there is another hazard that is making a serious comeback—and is often an uncovered exposure in policies, resulting in costly losses. That risk is legionella, which can be found in water systems, like showers, pools, and fountains, and new bacterial outbreaks have been making headlines nationwide.Continue reading
We joined the world in an outpouring of grief as we watched the fire that tore through the Cathedral of Notre-Dame in Paris, causing the collapse of its central spire and much of its roof. The 850-year-old Gothic architectural masterpiece is a symbol of French culture and one of the most visited monuments in Paris (more than 12 million visitors a year).Continue reading
What makes community associations a major target for fraud? To start with, it may be the misconception that only big businesses suffer from embezzlement or fraudulent practices. And when you factor in the self-managing nature of communities—and that neighbors typically trust neighbors—when money is stolen or mismanaged, it can lead to serious repercussions for everyone in the association.Continue reading
Our restaurant program just got a new addition to its menu! Distinguished Programs is excited to announce the acquisition of ProHost USA, a leading specialty insurance program in the hospitality industry. Based in Minneapolis, ProHost has a strong 30-year track record of providing tailored packages for family, fine dining, and fast casual restaurants as well as start-ups, wine bars, and caterers!Continue reading
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.Continue reading
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.Continue reading
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.Continue reading
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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.Continue reading
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:Continue reading
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.Continue reading
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.Continue reading
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?Continue reading
Fatal gun violence is becoming a national epidemic, and the tragic aftermath can leave a lasting scar on families, communities and the businesses involved.
Below, we tell the story of a popular Chicago hotel and outline some key points on how to help prevent a fatal shooting on your property.