Distinguished Blog - Market Insights

Market insights and industry news.

Fall Home Maintenance Checklist

Fall is upon us, and homeowners need to prepare their homes for the dropping temperatures and changing leaves. By weatherproofing and performing preventative home maintenance, homeowners can protect their property from any unwelcome surprises and make their autumn more pleasant. Knowing what needs to be done, however, is not always easy. Share this checklist with…

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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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A Closer Look…Restaurants Edition

The restaurant sector, no doubt, has been through a lot in the last 18 months. But recent statistics show that through July 2021 the industry has had steady growth each month since February, with sales volume reaching close to pre-pandemic levels. Although it’s still unclear how the delta variant will impact the industry, we’ve seen…

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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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Why Care About Social Inflation?

In understanding and analyzing the “hard insurance market” – characterized by higher premiums, diminished capacity, new sub-limits, additional policy exclusions, changes to coverage forms, and tighter underwriting guidelines – you have to look at the impact that social inflation has had on our industry. Social inflation refers to recent growth over the last several years…

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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 nuclear liability verdicts that run into the tens and even hundreds of millions of dollars. Contributing to these mega verdicts is anti-business sentiment and corporate mistrust by jurors. Juries feel more sympathetic toward injured plaintiffs and…

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Why Participate In/Host Webinars

Before COVID was part of our vernacular and impacting our everyday lives, including the move to remote work, learning, conferences, and events, webinars already played a pivotal role in the insurance industry. Now, in a world still struggling to combat coronavirus, they have become even more relevant.

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COVID Construction Spike Leads to Lumber Shortages

In March of 2020, American lumber mills curtailed operations, citing both employee health and safety concerns and an expected plunge in demand. As months-long quarantines kept Americans locked in their homes, however, home improvement projects and renovations skyrocketed. The failure of lumber producers to foresee this increased demand for construction supplies has led to widespread…

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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…

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