Category: DPSI

DPSI
// September 1, 2022

Reading Time: 2 minutes

Despite the U.S. freight economy having its ups and downs, the trucking industry is poised for a big comeback in 2023. The American Trucking Association’s (ATA) U.S. Freight Transportation Forecast to 2023 shows the U.S. freight economy is projected to grow significantly in the years ahead. The total freight tonnage is expected to grow by…

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DPSI
// September 1, 2022

Reading Time: 2 minutes

The U.S. economy has seen better times. Record-high gas prices and 40-year-high inflation have been impacting American families and businesses for months. In July, the U.S. Bureau of Economic Analysis released that the gross domestic product (GDP) contracted by 0.9%. This is the second consecutive quarter of negative GDP growth, which means the U.S. economy…

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DPSI
// June 2, 2022

Reading Time: 2 minutes

Currently, the U.S. ranks first in the number of startup businesses worldwide at roughly 71,826. In comparison, the second largest country is India at around 13,454. According to Forbes, although these businesses are small, their importance to the U.S. economy is enormous. Before the pandemic, small businesses with less than 500 employees accounted for two-thirds…

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DPSI
// June 2, 2022

Reading Time: 2 minutes

In the 1870s, the first mobile home park was built in North Carolina for vacationers traveling to and from the Outer Banks. Fast forward to 2022: The mobile and manufactured home industry is a top performer in the U.S. housing sector, with an estimated 22 million Americans living in these homes. According to Statista, as…

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DPSI
// March 3, 2022

Reading Time: 3 minutes

With the economy’s continued shift toward remote workforces, the professional services industry is growing faster than ever. According to the U.S. Bureau of Economic Analysis, professional services reached 7.8% of the U.S. gross domestic product during the third quarter of 2021. In 2022, the industry is expected to grow at an annual rate of 10.9%….

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DPSI
// March 3, 2022

Reading Time: 2 minutes

Over the past few years, insureds have seen unpredictability arise in the umbrella and excess market. Carriers are reducing the limits they can offer while raising rates by an average of 15-25%, according to Insurance Business Magazine. Contributing factors to carriers’ decisions include loss leading perils and fear of the unknown. Society has become increasingly…

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DPSI
// December 2, 2021

Reading Time: 2 minutes

Despite the current challenges within our economy, the construction sector has been a star performer, posting double-digit growth rates since the third quarter of 2020. According to Global Newswire, the U.S. construction industry is expected to grow by 15.6% by the end of 2021 and continue to grow in 2022. In September 2021 alone, nearly…

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DPSI
// December 2, 2021

Reading Time: 3 minutes

As the saying goes, hindsight is 20/20. As we wrap up 2021, we look back and examine lessons learned in the management liability world. While many industries strive to recoup losses from the effects of the pandemic, other segments have carved out niche opportunities as launch pads for growth. In both cases, companies and business…

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DPSI
// September 2, 2021

Reading Time: 3 minutes

The commercial real estate market has had it woes over the past year and a half. Despite the uncertainty caused by the pandemic, mobile and manufactured home parks posted a 12% increase in property values since 2020 and are now a top-performing commercial real estate class. These parks have become a solution for quality and…

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DPSI
// September 2, 2021

Reading Time: 2 minutes

The global specialty trade contractor market is anticipated to grow at a considerable rate between 2021 and 2025 according to market surveys and analysis. As the U.S. economy recovers from the pandemic and projects on hold since 2020 recommence, the need for specialty trade construction is expected to increase. Specialty trade contractors are construction industry…

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DPSI
// June 1, 2021

Reading Time: 3 minutes

Despite the resilience of various sectors within the tech industry, COVID-19 and the shifts in our economy have created new obstacles for tech business owners. Tech component manufacturers are expected to see supply chain interruptions and delays in production precipitated by pandemic lockdowns, an especially significant concern for tech manufacturers with few or international suppliers….

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DPSI
// May 25, 2021

Reading Time: 2 minutes

The U.S. has seen a lot of changes over the past year; however, one industry was shuttered in a unique way: the commercial real estate market. Businesses like retail stores, restaurants, hospitality locations and offices have either closed or moved to a home-based model, leaving a sea of vacant commercial spaces. According to Risk and…

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