Distinguished Blog

Market insights and industry news.

A Closer Look…New York Brick & Brownstones

New York City is known for its beautiful brownstones – from Queens to Manhattan’s Upper Westside to some of Brooklyn neighborhoods including Park Slope, Brooklyn Heights, Bedford-Stuyvesant, Fort Green, Cobble Hill, and Prospect Heights. Insuring these owner- and tenant-occupied properties requires understanding their unique risks and having a program available that can address them. Let’s…

Read More...

Commercial Gambling Is on the Rise

Last year amid the height of the COVID-19 pandemic and subsequent stay-at-home orders and lockdown, Las Vegas, Atlantic City, and other gambling cities became ghost towns. By April 2020, the unemployment rate in Nevada reached 28.2% — the highest of any state in the country and nearly double the national average of 14.7%, according to…

Read More...

In-House Delivery versus Third-Party Services? Which Is Better for Restaurants

For restaurants looking to remain competitive in their industry, it has become nearly impossible to operate without offering some sort of delivery service. In fact, one report by L.E.K. Consulting predicts that restaurant delivery sales will grow at more than three times the rate of dine-in revenue between now and 2023 — and that was…

Read More...

Preventing Vandalism Amid Summer Uptick

Mischievous people with nothing to do, long summer days, and plenty of vacant and unoccupied buildings: a recipe for disaster. Whether your insured owns a vacant building or a building in the midst of the construction process, they should take steps to mitigate risk of vandalism, theft, and property damage as the universe conspires to…

Read More...

How Hybrid Work Challenges IT Departments

When work-from-home became a reality for most professionals last year due to the pandemic, many firms had to rethink their best practices in order to adequately protect against network security, data breaches, and other IT vulnerabilities. As many firms are now adopting a hybrid work approach that consists of working in the office and remote,…

Read More...

The Devil’s in the Details: Performing a Deep Dive into Client Contractual Agreements

Our mutual clients, whether they are community associations or in the habitational or hospitality industries, have multiple contractual agreements with third-party suppliers and vendors of various services. Each agreement contains provisions on who is responsible for what and by when, insurance requirements, and ultimate liability in the event of a loss, among other issues. It’s…

Read More...

Why It’s Harder to Insure New Restaurant Ventures

COVID-19 ushered in a whole host of changes in the restaurant industry, including several innovations, such as ghost kitchens, and now start-ups from those who see new opportunities on the heels of the pandemic. In underwriting a restaurant account, it’s important to note that one of the foundational blocks in the process is looking at…

Read More...

No Jackets Required: How Fine Dining Is Changing

Fine dining brings together great cuisine, hand-selected wines, and white-glove service for a personalized experience and a fun night out. It also requires a certain dress code that is steeped in tradition. Men typically wear sports jackets; women may wear a dress, a skirt, or a slacks-and-blouse ensemble. In some places, formal jackets and ties…

Read More...

Most Popular Home Improvement Projects Amid COVID

Stuck at home, homeowners are displeased with their surroundings and funneling money they would have normally spent elsewhere into their homes. Over the past year, home improvement projects have surged and are showing no sign of slowing down. According to a survey from Axiom, a Minnesota-based marketing firm, 90 percent of 1,000 surveyed homeowners are…

Read More...

​​Insurers Focus on Increased Need for Inspections, Repairs for Older Buildings Amid the Surfside Condo Collapse

On June 24, part of the Champlain Towers South in Surfside, Florida, collapsed in the wee hours while many residents slept. To date, 97 residents have been confirmed dead. The catastrophic loss has sent shockwaves throughout this oceanfront community located in Miami-Dade County.

Read More...

Pet-Friendly Hotels Welcome Your Furry Friends

Last year put traveling on hold and kept the majority of us at home. It was a challenging time, but for our favorite furry friends, it was a dream come true to have their beloved owners around all day long. Now that we’re once again going on road trips or taking to the skies, we…

Read More...