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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On-Demand Insurance For Drones
Drone pilots are getting quotes for their crafts using only their phones and some slick satellite imagery, sometimes in one hour blocks! Just in case you were wondering, the drones are coming! Read more at insurancenetworking.com.
It Just Makes Cents: The 6 Reasons to Secure a Green Building Certification
Planning to build a new multifamily building? Before you finalize your construction plans, consider going green. Sounds pricey, doesn’t it? Truth is: it can save you money in the long run and help you attract new, responsible tenants in the short term—not to mention some reduced-premium insurance options, too. There’s a number of certifications and…
Pokémon GO Boosts Foot Traffic at Cultural Sites
The Pokémon GO game, a mobile location-based augmented reality game that’s centered around the popular 90’s game, has surged in popularity over the past week. The game challenges users to get outdoors to explore, collect, and train Pokémon while finding items at PokéStops to give them a competitive edge — and explore they have. PokéStops…
Property Renovations Take a Creative Turn
Homeowners all across the country are taking home renovations seriously, perhaps inspired by the plethora of home remodeling shows, real estate reality TV featuring great amenities (think Million Dollar Listing), and on-line virtual room software programs that bring ideas to life. Everything from Planner 5D to the Home Renovator and HomeByMe put on-line tools into…
Cyber Security is All About People, Not Computers
January 27, 2015 was not a good day for the health insurance company Anthem. That morning a computer system administrator discovered that someone was using his security credentials to log into the company system. Over 80 million people had their names, social security numbers, and other sensitive information stolen in the breach. Not a good…
California’s Drought, Our Shared Responsibility
Thanks to new water usage regulations in California, the state saved nearly 388 billion gallons of water between June 2015 and February 2016. That is enough water to supply nearly six million residents for a year. Although increased rain and snow levels helped to ease the water crises in California, it wasn’t enough to draw…
Market Insight: Vacant Buildings are Hidden Gems
When it comes to real estate, it takes a rare eye to look beyond boarded-up windows, graffitied walls, and broken shutters to spot a diamond in a rough—and those gems are becoming scarcer. It’s a seller’s market, as inventory diminishes and demand begins to outstrip supply. Close to one out of every 63 residential properties…
Last-Minute Tax Tips: Rental Property Deductions
Ahh, April. The highs of March Madness are forgotten all too soon as Tax Day looms large in the not-so-distant future. Recognizing that a few of us might be scrambling to wrap up our taxes in time for the April 15 deadline, we plumbed the Internet for guidance on rental property deductions. Don’t overlook the…
Ask the Expert: Common Area Pool Safety Checklist
Pool season is almost upon us. Which means it’s time to invest in new sunscreen and pull the bathing suits out of winter storage. It’s also time to reassess pool safety, maintenance, and good risk management. Community associations bear responsibility for common pool areas, a value-added amenity that serves as a great benefit to residents,…