Importance of Client Education Amid Rising Insurance Premiums

The latest industry reports on the insurance market are coming out, all indicating that insurance premiums continue to rise....

Distinguished Rebrands City Homes Insurance Program

From compulsory coverages to the liability challenges of a mixed-use building, homes in urban environments have a unique set...

From Our Family to Yours, Happy Thanksgiving

Happy Thanksgiving from all of us at Distinguished Programs. On this day of thanks, we want to share our...

Adopting New Liability Risk-Mitigation Approach to Stem Mega Verdicts

Our litigious environment has been exacerbated over the last several years due to several factors including the rise of...

Managing Mental Health While Working From Home

Despite being able to clock in whenever and from wherever you would like, research has shown that working from...
Insurance Made Easy
Importance of Client Education Amid Rising Insurance Premiums
Real Estate
Distinguished Rebrands City Homes Insurance Program
Distinguished Life
From Our Family to Yours, Happy Thanksgiving
Market Insights
Adopting New Liability Risk-Mitigation Approach to Stem Mega Verdicts
Restaurants
Managing Mental Health While Working From Home
step up measure to protect against fraud
Community Associations

Community Associations: Step Up Measures to Protect Against Fraud and Other Crimes

Fraud, embezzlement, and other types of employee theft are among the biggest exposures community associations face. Exacerbating this significant risk is that it typically takes 18 months before the average fraud scheme is detected. What’s more, often the theft involves small amounts taken over a long period of time, which goes unnoticed but results in the accumulation of massive losses.

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branding tips for insurance brokers
Insurance Made Easy, Market Insights

Branding Tips for Insurance Brokers

Building a brand is a powerful way to gain an edge over your competition. Your brand helps to establish why people should do business with or pay attention to you over someone else in your industry. And creating a successful brand doesn’t happen overnight. Extensive advertising and expansive marketing budgets are the norms among major corporations, insurers and otherwise. Even with limited resources, establishing a brand is possible.

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fire prevention safety tips
Hospitality & Restaurants, Community Associations, Risk Insight

Fire Prevention Safety Tips

While deaths from fires have steadily decreased over the past several decades, thousands of Americans die by fire every year, and thousands more are injured. According to FEMA estimates,  the damage from fires cost over $25.6 billion in 2018 alone. Following a summer of record-breaking wildfires, comes the peak time for fire-related deaths: the winter months. Fire prevention week —last week, October 4 -10, 2020 — is the perfect time to review and practice fire safety.

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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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vacant building and builders risk insurance markets
Real Estate, Hospitality & Restaurants

What’s Happening in the Vacant Building & Builder’s Risk Insurance Markets?

The pandemic caused unprecedented business closures during April and May across the country, particularly in the hospitality and retail sectors; sent professionals home to work remotely; emptied out office buildings; and shut down construction projects.  We offer some insights on what we are seeing to date in both our Vacant Building and Builder’s Risk & Remodeler’s Risk insurance programs, and what we expect to see moving forward.

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preventing slips trips and falls
Real Estate, Hospitality & Restaurants, Community Associations, Cultural Institutions, Risk Insight, Restaurants

Preventing the Top Insurance Claim: Slips, Trips, and Falls

Year after year, slips, trips, and falls remain the number-one insurance claim for property owners. More than three million people visit the emergency room each year because of falls, according to the CDC (Centers for Disease Control and Prevention). The average hospital visit costs $30,000 to $50,000. Add in factors like ongoing medical bills and lost wages, and the cost of claims mount. Serious slip-and-fall losses, in fact, have plagued the habitational and hospitality sectors, with negligent awards running into the millions. Yet most if not all of these claims are preventable.

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fatigue in the workplace
Restaurants

The Greatest Workplace Challenge: Fatigue

Even before the mass office exodus, fatigue was among the most prevalent workplace challenges. The National Safety Council reports that over 43% of workers are sleep deprived, and those most at risk are those working long or irregular hours. More than a simple feeling of sleepiness, fatigue is a persistent syndrome resulting from prolonged exhaustion, stress, high levels of exertion, and life circumstances. In the workplace, fatigue limits productivity, and, in some cases, leads to injuries.

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climate change
Market Insights, Sustainability

How Climate Change Impacts Severe Weather and Role of Insurers

Although it’s hard to pinpoint whether climate change intensified a particular weather event, the trajectory is clear — we’re experiencing hotter heat waves, drier droughts, and bigger storm surges – with scientists detecting a strong link between the planet’s warming and its changing weather patterns. With record-setting temperatures year after year, it’s likely that global warming is making extreme heat events more frequent. Most recently, for example, wildfires in the Western U.S. have led to over four million acres burned so far (2.5 million in Northern California and over 1.5 million in Oregon and Washington) and over 13,500 structures damaged or destroyed as of September 20. Climate change has also led to more hurricanes, with rising sea levels that are leading to higher storm surges and more floods.

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insurance talent shortage
Market Insights

How COVID-19 Has Impacted the Insurance Talent Shortage

The insurance industry has been known for its talent shortage and its difficulty in attracting Millennials and now Generation Z as veteran employees retire. The industry over the years has undertaken various programs, campaigns, and career days at schools along with offering summer internships to highlight the many benefits and rewards of working as an insurance professional – from job stability to career advancement, competitive salaries, work-life balance, and flexibility, and more.

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positive effects of the pandemic
Restaurants

Looking At The Bright Side: Positive Effects of the Pandemic

Things are not amazing by any means: tens of thousands of Americans have died because of the coronavirus, millions are without jobs, families, and friends remain separated, and daily life has yet to return to normal. The world is still very much in the throes of a pandemic, but there are silver linings, slivers of hope and goodness amid the uncertainty and negativity. It is important to try to look at the bright side.

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