Distinguished Blog

Market insights and industry news.

Managing Modern Threats with Deadly Weapons Protection

Deadly Weapon attacks have become far too common in America, with shootings making the headlines almost every week. People intent on inflicting harm, however, are not limited to guns. Those who want to cause violence will, and they will use everyday items such as knives and vehicles to achieve their ends. Unlike other risks facing…

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The Rise of Ghost Kitchens

Ghost kitchens, also known as virtual restaurants; cloud, commissary, or shared kitchens; and delivery-only, shadow, and dark kitchens, are the restaurant industry’s newest attempt to feed into the ever-growing on-demand consumer culture. Don’t let the spooky name fool you, these kitchens are simply delivery-only restaurants that utilize third-party apps such as DoorDash, Grubhub, Postmates, and Uber…

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It’s Hail Time, Make Sure Insureds are Risk-Ready

Hail season is upon us and we’ve already seen significant weather events this past March and April. Wicked storms that dropped large hail in Norman, Oklahoma, and San Antonio and Fort Worth, Texas, on April 28, are projected to have caused more than $3.5 billion in damages. Residents were forced to take shelter inside as…

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May is Wildfire Awareness Month

Last year we saw record-breaking wildfires engulf Northern California. An estimated 8.9 million acres were burned in the 2020 wildfire season, almost double the acreage burned in the 2019 season. Wildfire season is coming, and now is the perfect time to focus on wildfire preparedness. With a few simple precautions, homeowners can better protect their…

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Inside the SPAC Frenzy

It seems like every time you turn around there is another SPAC announcement making headline news. A SPAC – “special purpose acquisition company” – is a shell corporation listed on a stock exchange with the intent of buying a private business and taking it public. It’s a way of doing an initial public offering (IPO)…

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FEMA Reforms Flood Insurance Program, Rates to Rise

For years, federal flood maps have underestimated flood risk across the United States. First Street Foundation publicly released flood risk data for over 142 million homes and properties across the country and found 14.6 million properties within Special Flood Hazard Areas (SFHAs) unaccounted for by FEMA. FEMA’s maps are what inform risk management decisions in the United…

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Hotels and Resorts are Welcoming Guests Back Safely

People are traveling again, taking long-awaited trips after a year of stay-at-home guidelines. The spike in travel was evident over the holidays in December and then again during winter and spring breaks, and the rise in bookings for this summer. Americans are back on the move with hotels and resorts rolling out the welcome mat…

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Preparing for a Hurricane

Hurricane Preparedness Week is May 9-15, providing the perfect opportunity for people across the country to get ready for the upcoming hurricane season. Knowing what to do before, during, and after a hurricane or typhoon can sometimes mean the difference between life and death. Take steps now to protect your home, yourself, and your family,…

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An Extra Important Mother’s Day

The past year has been rough for everyone, especially working women. Bureau of Labor statistics show that women have been leaving the workforce in droves, at a rate four times higher than their male peers. Unlike other downturns, the coronavirus-induced recession has led to losses that are not distributed evenly across genders. Women are bearing…

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Why Excess Liability Coverage is Essential for Hospitality Businesses

Restaurants and hotels alike are presented with new and difficult risks on a daily basis. Full of flames, food, sharps, and a revolving door of patrons, risk is in the nature of the restaurant businesses. The same is true for hoteliers, hosting large numbers of guests at a time and providing them with top-tier, sometimes…

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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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