Distinguished Blog - In The Press
Market insights and industry news.
Distinguished Programs Expands Fine Art and Collectibles Program Capacity to $125 Million Limit
NEW YORK – Distinguished Programs, a leading insurance program manager, has announced an increase in its Fine Art & Collectibles program capacity to $125 million for single risks in the United States, effective now. This expansion from the current $100 million capacity highlights Distinguished’s dedication to offering brokers and their clients enhanced coverage options to…
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In the Weeds on the State of Cannabis
Marijuana laws are changing at a rapid pace across the country. Since 2012, 15 states and Washington, DC have legalized marijuana for adults over the age of 21. In total, 43 states have legalized medicinal or recreational use of marijuana. New Jersey, Arizona, Montana, and South Dakota in their November elections are the most recent…
OSHA Called Upon to Step Up COVID-19 Workplace Safety Rules
Reuters recently released its finding in a report after examining the regulatory response of the Occupational Safety and Health Administration (OSHA) to workplace COVID-19 safety practices. It analyzed 106 U.S. workplaces where employees complained of mishandled pandemic safety practices on the heels of the outbreak and reported that regulators either never inspected the facilities or,…
What We Know About the Vaccine Distribution Plan
The FDA’s emergency use authorization of both the Pfizer and Moderna vaccines clears the way for nationwide distribution and administration. While it will not be a magical, cure-all solution, it is a critical step in getting control over the pandemic and resuming a more normal life. Decision-making and logistics have been left largely to states,…
Lloyd’s Standardization of Insurance Lifecycle
Lloyd’s of London in early 2020 announced its “Future at Lloyd’s” initiative with the goal of utilizing technology in innovative ways and embracing new methods of modernizing the insurance lifecycle. The end result is to employ a smoother, more efficient, and faster platform in delivering products and policy renewals and endorsements and in settling claims….
Giving Back to Our Communities All Year Round
The holiday season is the peak time for volunteerism, as families, friends, and coworkers make giving back a part of their winter traditions. People often feel more thankful and joyous during the holidays, which compels many to contribute to their communities and help those less fortunate than themselves. From the time between Thanksgiving and New…
Remote Work, COVID Impacting Employee Benefits
The shift to remote work and the effects of COVID on the mental health of individuals have transformed the employee benefits landscape with employers looking to better address the needs of their workers both emotionally and economically. Here are some of the benefits changes taking place now and into 2021:
Blockchain and the Insurance Industry
In the business world and beyond, blockchain is a hot topic. While many of us have heard the word before, most are not familiar with what exactly it is. Essentially, a blockchain is a transparent, yet secure, recordkeeping system. It ensures secure exchanges of information between parties by encrypting information and preventing it from being…
Are We Ever Going Back to the Office?
The pandemic forced companies across the country to switch to fully remote work overnight. While teleworking has allowed many to cut back on commute time and connect with their families, it undoubtedly has its tradeoffs. Opinions on remote work vary depending on who you ask — some enjoyed the change, some didn’t. Will people ever…
Civil Unrest Fears Stoked with Upcoming Election
The year 2020 by any measure has been a challenging one, beginning with the coronavirus pandemic that has caused hundreds of thousands of deaths, shut down our economy, and upended tens of thousands of businesses and key industry segments. Amid the pandemic, protests took place across the country demanding police reform in the wake of…
NYC Restaurants Getting the Support of Local Government Amid COVID
According to the National Restaurant Association, some 100,000 of the one million restaurants and bars operating in the U.S. before the pandemic are expected to permanently close by the end of this year as a result of the economic upheaval caused by the coronavirus. But municipalities around the country, including in New York City, are…