Tag

Distinguished Programs

Community Associations, Market Insights, Risk Insight

Market Changes for Directors and Officers Coverage

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.

Distinguished’s Kyle Hyla, program underwriter for community associations, recently spoke with Rough Notes about D&O market trends. There are a variety of ever-changing factors that can impact coverage, and in this compelling article, factors like climate change, cyber security, and limited coverage for selected exposures are examined using current examples that illustrate the complexities of this important market. Visit Rough Notes to explore and share this valuable information.

 

Kyle Hyla Program Manager

Kyle Hyla

D&O and Crime Program Manager

Continue reading
hotel security
In the Press, Hospitality & Restaurants, Market Insights, Risk Insight

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.

The terrible example from Las Vegas, which resulted in 2,500 lawsuits filed against MGM (which owns Mandalay Bay) and an additional 1,000 lawsuits filed by MGM against the victims, contesting the hotel’s liability, exemplifies how devastating a single act of violence can be. Chase reviews how this event changed hotel security plans and details best practices for staff and guest safety. He also offers additional tips that hotels can implement right away. To review and share these new guidelines for hotels, please visit Resort Trade.

Brooks Chase, president of Distinguished Specialty

Continue reading
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.

 

Continue reading
Charitable efforts
In the Press

Distinguished Programs Recognized for its Charitable Efforts

Distinguished Programs was recognized in the December 18, 2017 Insurance Journal article: A Culture of Action at Distinguished Programs.

The article focuses on the charitable efforts of Distinguished and its colleagues. Throughout 2017, a philanthropic committee known as Distinguished Cares formed by Distinguished employees,  launched multiple giving back to the community campaigns. Distinguished Cares was created to make charity-related service opportunities available for its employees. From military care packages, back to school donation drives in multiple communities, to an emergency fundraiser for victims of Hurricanes Harvey and Irma.

Continue reading