Distinguished Blog

Market insights and industry news.

Managing Modern Threats with Deadly Weapons Protection

Deadly Weapon attacks have become far too common in America, with shootings making the headlines almost every week. People intent on inflicting harm, however, are not limited to guns. Those who want to cause violence will, and they will use everyday items such as knives and vehicles to achieve their ends. Unlike other risks facing…

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Workers Expecting More Flexibility As Offices Reopen

The country is opening up as more people get inoculated against the COVID-19 virus and cases continue to decrease. Indoor dining is back, the sports fields are dotted with players and the stands are filled with fans, people are traveling, and offices are starting to reopen. Many companies if they don’t already have some of…

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Insurers Remain Wary of Cryptocurrency

Cryptocurrency, a form of currency that is entirely digital, has taken the world by storm this past year. In April, Bitcoin surged to an all-time high of $63,000. Its price has more than quadrupled since 2020 and is up more than 60% since the start of 2021 — driven in part by Fortune 500 companies,…

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Different Types of HOAs

Alternatively referred to as community associations, homeowner’s associations (HOAs) can often be found in residential communities. In fact, homeowner’s associations have become increasingly common in recent years. The Community Association Institute reports that about a quarter of (about 70 million) Americans live in some form of a community association. Given the growing popularity of community…

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Pool Safety Grants Available to State & Local Governments to Help Reduce Drowning Injuries, Deaths

More than 7,000 drowning deaths occur nationally each year, according to the National Safety Council, with drowning accidents the leading cause of death and injury of children under 5 years of age. Drowning is also the second-leading cause of injury-related death among children under the age of 15. Moreover, each year nearly 6,000 children under…

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Make that Reservation, Restaurants Are Back!

After an extremely tough year for the restaurant industry amid the pandemic, the road to recovery has been quicker than expected as life normalizes and cities and counties across the country are reopening. Sure, in places across the country full capacity at restaurants is just beginning (while others are already operating business as usual) and…

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What’s the Difference between a Vacant and Unoccupied Building?

Empty properties present more risk to insurers than occupied ones. Without a homeowner, property manager, or tenant present, a property is more vulnerable to theft, vandalism, fire or flood damage, and damage caused by squatters. In everyday life, we use the words “vacant” and “unoccupied” to refer to empty properties, but this is not the…

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Distracted Driving on the Rise During the Pandemic

Despite decreased traffic, the National Safety Council found that 2020 motor vehicle deaths were up 8% from 2019 — the highest percentage increase in 13 years. Cell phones have long been the cause of deadly driving accidents, but new evidence suggests that the distracted driving epidemic has only gotten worse during the pandemic.

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The Importance of Flexible Policy Terms Amid Widespread Construction Delays

Construction projects have historically been prone to delays. Now, after months of labor restrictions, material shortages, and an increase in renovations, delays are more widespread and severe than ever before.

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Cannabis Industry Putting More Tax Revenue in State Coffers

As the legal use of marijuana continues to grow, the tax revenue generated by the cannabis industry has other states wanting in. In fact, according to the Institute of Taxation and Economic Policy (ITEP), tax revenue for the 10 states where the legal sale of adult-use cannabis exists exceeded $3 billion in 2020.

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Insurers Backing Away from Coal Industry Amid Climate Change

Last year we looked at the impact of climate change on severe weather patterns and what insurers are doing to understand, assess and better manage natural catastrophe risks. It’s in our industry’s best interest to better understand the role of climate change on wildfires, flooding, and other events to develop better modeling and risk management…

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