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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The Future: Usage-Based Premiums and Smart Homes

Usage-based technology has been utilized for some time with auto insurance to track mileage and driving behaviors. You drive fewer than a certain number of miles and safely (no speeding, distracted driving, etc.), you get the benefit of premium discounts. Usage-based insurance (UBI) in this case is typically powered by in-vehicle telecommunication devices (telematics)—technology using…

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Pandemic Adds to Potential D&O Risks

A recent report by Fitch Ratings indicates that among the insurance lines most impacted by potential COVID-19 losses are Directors and Officers (D&O) Liability, Employment Practices Liability (EPL), and Errors and Omissions (E&O) where allegations of negligence tied to poor loss prevention or preparation for a pandemic are possible.

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View from Above: Inside the Real Estate, Community Association Umbrella Markets

The impact of today’s hard insurance market – characterized by higher prices, diminished capacity, and tighter underwriting guidelines – is being felt across all industry sectors and, depending on the class of business and its location, much more so than others. Susan DeCarlo, Vice President – Product Manager, Distinguished – provides us with a high-level…

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Resilience of Restaurant Industry Continues Amid COVID, Tough Insurance Market

The restaurant industry no doubt has been among the hardest hit amid the coronavirus as a result of mandatory lockdowns during the initial phase of the pandemic and subsequent ongoing capacity restrictions and other requirements that have significantly impacted operations. Yet during these challenging and unprecedented times, we’ve seen the industry put its creativity to…

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Insurance Branding: Tips for Brokers

Building a brand is a powerful way to gain an edge over your competition. Your brand helps to establish why people should do business with or pay attention to you over someone else in your industry. And creating a successful brand doesn’t happen overnight. Extensive advertising and expansive marketing budgets are the norms among major…

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How Climate Change Impacts Severe Weather and Role of Insurers

Although it’s hard to pinpoint whether climate change intensified a particular weather event, the trajectory is clear — we’re experiencing hotter heat waves, drier droughts, and bigger storm surges – with scientists detecting a strong link between the planet’s warming and its changing weather patterns. With record-setting temperatures year after year, it’s likely that global…

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How COVID-19 Has Impacted the Insurance Talent Shortage

The insurance industry has been known for its talent shortage and its difficulty in attracting Millennials and now Generation Z as veteran employees retire. The industry over the years has undertaken various programs, campaigns, and career days at schools along with offering summer internships to highlight the many benefits and rewards of working as an…

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Email Campaign Ideas for Insurance Agents

Unlike other industries, the insurance industry serves people in their toughest moments. Building rapport with customers during better times is especially important for insurance companies for this reason.

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Sales and Marketing Blogs for Insurance Agents

There is always room for improvement when it comes to sales and marketing. As quarantine continues and agencies look for new ways to generate leads, industry insights, and thought leadership articles are crucial to staying on top of the ball.  With a quick Google search, tried and true insurance sales and marketing tactics are at…

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Business Interruption COVID-19 Litigation Continues

The coronavirus pandemic brought businesses to its knees, shuttering everything from restaurants to hotels, gyms, hair salons, retailers, and other establishments. Many business owners turned to their Business Interruption (BI) insurance policies to cover loss of income and to pay ongoing expenses like payroll, rent, etc. Yet BI policies are designed to respond only if…

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