Distinguished Blog - Market Insights

Market insights and industry news.

From the Runway to the Closet: Insurance for Luxury Handbags, Couture Clothing

The luxury handbag and couture clothing markets have become a booming industry for collectors and investors. The global market for designer handbags was valued at $72 billion in 2022 and is projected to reach $100 billion in 2027, according to Business of Fashion. The global couture clothing market was estimated at more than $11 billion…

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Case Files: 5 FBI Expert Tips for Brokers on Protecting Client Collectibles

Ready to become the ultimate expert in the world of fine art & collectibles insurance? During our recent 30-minute Q&A webinar, “CASE FILES: 5 FBI Expert Tips for Brokers on Protecting Client Collectibles,” we uncovered the secrets to protecting your client’s collectibles with FBI Art Crime Agent, Jake Archer. Explore the slides and FAQ’s provided…

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Restaurant Insurance 2.0: Addressing the Evolving Needs of Today’s Modern Restaurants

Hungry for success in the restaurant insurance market? If you missed our recent 30-minute webinar, “Restaurant Insurance 2.0: Addressing the Evolving Needs of Today’s Modern Restaurants,” don’t worry. You have the opportunity to gain essential insights into protecting your clients’ restaurants and spice up your sales strategies to boost business growth. Explore global trends reshaping…

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Must-Have Inclusions in Your Art Insurance Policy

People collect art for many different reasons. Some have a passion for fine art, while others love discovering emerging artists or incorporating valuable art pieces as part of their asset portfolio. Families acquire artwork as a means of passing down their legacy to their children. A number of businesses invest in art collections curated to…

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Distinguished Fine Art & Collectibles: Ask the Experts

Unleash your potential in the flourishing Fine Art & Collectibles insurance market! If you missed our recent 30-minute power-packed webinar, “Distinguished Fine Art & Collectibles: Ask the Experts,” don’t worry. You still have the opportunity to gain essential insights into protecting your clients’ treasured art pieces and turbocharging your business growth. Our panel of experts…

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Restaurant Insurance Trends & Impact on Exposures

This is an excerpt from our free “Broker’s Guide to Restaurant Insurance” eBook. Click here to download your copy. Over the last couple of years, restaurants have implemented many changes to be able to run their operations during the pandemic, some of which were highly successful and continue today. Outdoor Dining Across the country, we saw…

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Looking Ahead: Insurance Market Insights for 2022

The insurance industry has experienced a hard-market cycle over the last several years. Some business lines more so than others are seeing diminished capacity, tighter underwriting scrutiny and changing risk appetites and policy terms and conditions from insurers. Commercial Property, Commercial Auto Liability, Directors & Officers Liability (D&O), Cyber Liability and Excess Liability insurance lines have been in the forefront of hard-market rates.  Looking ahead, here are some insights on…

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New York City Real Estate Is Rebounding In This Market

New York City was hit hard during the COVID-19 pandemic with many escaping the city for larger, more open spaces. But the city that never sleeps is back. New York City real estate, once on shaky ground, is also back on track attracting new and old buyers to the Big Apple – at least on…

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Cyber Rates Are Going Up, but Purchasing Coverage Is More Important Than Ever

While many of the cyberattacks that get press are against high-profile entities or organizations, all types and sizes of business, including hotels and restaurants, are vulnerable to the sophisticated methods utilized by today’s cybercriminals – from phishing to ransomware and scareware tactics. Additionally, cybercriminals have upped their game with attacks rising consistently over the last…

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Say Goodbye to Pandemic Rental Deals

For most of the pandemic, we saw house prices rise and urban rents fall as city dwellers traded the apartment for a single-family home. Rents dropped as much as 25% in some cities, but the days of apartment steals have come to an end. Rental site, Apartment List, reports that the median apartment rent rose…

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The Case for the Four Day Workweek

Americans have historically prided themselves on how much they work, treating burnout and exhaustion as a badge of honor, but employees and employers alike are beginning to see the mental and physical toll long hours take on an individual. The disruption to office life, brought on by Covid, has many companies, legislators, and employers rethinking…

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