Hospitality News

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Wisconsin’s Society Insurance to Enter Texas Hospitality Market

Mar 18 2021 // Wisconsin-based Society Insurance has plans to launch its insurance programs for the hospitality industry in Texas this year. In business for more than 100 years, Society Insurance offers property/casualty coverages,...

Texas Hospitality Sector Hardest Hit in Pandemic; State Has $1B Budget Hole

Jan 12 2021 // The coronavirus pandemic has created a nearly $1 billion deficit in the Texas state budget as the nation’s energy hub remains hampered by a slow recovery and a half-million fewer jobs than a year ago. The forecast by...

McGriff Expands Real Estate & Hospitality Practice, Launches Northeast Regional Team

Dec 10 2020 // McGriff is expanding its Real Estate & Hospitality Practice with the launch of a Manhattan-based Northeast regional team that includes four hires with industry experience. The new team will grow McGriff’s...

Next Virus Shutdown May Cost Washington Restaurants $800M

Nov 25 2020 // A four-week shutdown on indoor service at restaurants and bars prompted by an alarming statewide spike in COVID-19 cases is expected to cost the industry some $800 million, a representative said Monday. Anthony Anton,...

Exiting Insurers, Premium Hikes Frustrate Canada’s Struggling Hospitality Industry

Oct 8 2020 // Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and...

Hotel Sector Sees Tough Times, High Rates in Insurance Market

Oct 5 2020 // The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it will also be one of the last industries to recover. Even as travel has ticked up...

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