Shield Insurance Agency Meijer Gift Card Winner

Gift Card Winners Compliments of Shield Insurance Agency!

Friday, October 22, 2021

Every week, Shield Insurance Agency draws a winner of a local gift card from its clients and social media followers.

Be sure to LIKE our Facebook Page to get yourself entered to win and see who the winners are!

Shield Insurance Agency has given away thousands of dollars in local gift cards over the last 20 years serving Michigan.

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Shield Insurance gives away another local gift card!
Target Shield Insurance Gift Card Give A Way
Red Robin Gift Card Winner at Shield Insurance Agency

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Your Referrals to Shield Insurance Agency Help a Local Family in Need

Shield Referral Program Supports Local Family

Shield Referral Program Supports Local Sparta, Michigan Family

Your Referrals to Shield Insurance Agency Help a Local Family in Need

Your referral can make a difference for Roslyn and Maddox who both have a form of Arthrogryposis Multiplex Congenital. Shield Insurance is helping this Sparta, MI family by donating $25 for each non-client who gets a quote from us.

No purchase necessary!

CLICK HERE to get a quote and we’ll donate $25 to them! (Be sure to mention Roslyn and Maddox in the comment section!) You can also call or text the office (616) 896-4600 and one of our agents will take a few minutes of your time to offer up a quote. Don’t forget to mention Ros and Maddox

“The highest compliment we can receive is the referral of your friends, family & business associates. Thank you for your trust!”

Meet Roslyn
Roslyn and Shield Insurance Agency Referral Program

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Fit and Fat: Weight Loss May Not Actually Make You Healthier, Study Reveals - Shield Insurance Agency Blog

Fit and Fat: Weight Loss May Not Actually Make You Healthier, Study Reveals

Want a long and healthy life? New research shows that focusing on this one behavior, may help a lot more than losing weight. By Catherine Pearson10/13/2021 08:58 am EDT | Updated October 14, 2021

Health experts have increasingly embraced the idea that people can absolutely be “fit and fat” — and that the body mass index is deeply flawed and does not provide a very good picture of a person’s health.

A recent scientific review strengthens these points. The research, published in the journal iScience, showed that overall wellness and longevity cannot be predicted by a number on a scale, and that exercise is more important than weight loss when it comes to heart health and living a long life.

“We would like people to know that fat can be fit, and that fit and healthy bodies come in all shapes and sizes,” study researcher Glenn Gaesser, of the College of Health Solutions at Arizona State University, said in a statement.

How focusing too much on weight loss misses the point

The team behind the new review aimed their research at a glaring problem: Obesity has grown significantly in the United States and the world over the past several decades, as have the number of people dying from conditions like heart disease that are often closely linked with diet and exercise.

At the same time, the prevalence of people trying to lose weight has also increased. Since the 1980s, at least 40% of women in this country and 25% of men have been dieting to shed pounds. Whatever we’re collectively doing right now isn’t working, and it’s not necessarily making people

“The intense focus on weight loss has not prevented excessive weight gain in recent decades,” the new review states. “Moreover, repeated weight loss efforts may contribute to weight gain, and is undoubtedly associated with the high prevalence of weight cycling, which is associated with significant health risks.”

The researchers analyzed hundreds of studies looking at how weight loss, exercise, and longevity fit together — focusing specifically on research that examined health outcomes in people who were considered overweight or obese. (The Centers for Disease Control and Prevention considers a BMI of 25 to 30 as overweight; anything over 30 is obese or severely obese.)

Ultimately, the evidence shows being active trumps weight loss when it comes to improving heart health and reducing overall mortality risk, the researchers concluded.

In fact, people who are considered obese may have a lower risk of premature death than those who are normal weight but not in good shape, according to the study.

The power of physical activity

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Staffing Shortages May Affect Your Next Trip - Shield Insurance Agency Blog

Staffing Shortages May Affect Your Next Trip

Pack your patience as the travel industry struggles with staffing shortages.

by Bill Fink, AARP, October 13, 2021

Staff Shortages due to the pandemic.

Due to the tourism slowdown at the height of the pandemic, many airlines, hotels, restaurants, and attractions cut back operations, laid-off employees, or closed altogether. Now, as travel has begun to rebound, many of those businesses find themselves short of staff and resources. Travelers are feeling the pinch — both in the pocketbook and in the planning process — with lower inventory for accommodations (sometimes due to a shortage of housekeeping staff), longer wait times for services, limited opening hours at restaurants, and higher prices in many popular destinations.

It’s even resulted in at least some flight cancellations: Southwest grounded one-third of its planes on Oct. 10, with 1,900 canceled throughout that weekend. Airline officials cited staffing challenges as one reason for the chaos.

We talked to experts about the situation and what travelers should consider when planning trips, especially to busy places that might be hardest hit by the worker shortage.  

Book early — and check opening times

Caroline Beteta, CEO of Visit California, says, “Businesses here and across the country, especially in the hospitality industry, are feeling the effects of a shortage of employees as demand for travel ramps up. As the industry gets back to work, it’s more important than ever for travelers to book far in advance.”

During a midday check-in at Napa’s Embassy Suites hotel in the heart of California’s wine country on a recent trip, the desk clerk suggests making dinner reservations “like, right this minute, if you’re thinking of going anywhere in town for dinner. Normally you wouldn’t have to, but everyone’s short-staffed, so it’s tough to get a seat.” Circe Sher, the owner of Hotel Healdsburg in neighboring Sonoma County, says, “Many wineries who made the switch from walk-in to reservations only stayed that way due to staffing shortages. I suggest checking the days and times restaurants are open. If you are returning to a place, the restaurant you remember being open seven days a week may only be open five to accommodate reduced staff.”

That’s true across the country, including on Cape Cod in Massachusetts: The Mews Restaurant in Provincetown is one of many in this tourist town closed on Mondays and Tuesdays, even at the height of the season this past summer. Others, such as Barnstable Tuscan Cuisine, have eliminated the lunch service. Steve Tait, co-owner of Aerie House, a seven-room B&B, said one issue has been that the resort area’s summer worker population is usually boosted by young people who come from Europe on J-1 student visas, mostly unavailable this year due to COVID-19 restrictions. For Aerie House, that’s meant eliminating daily housekeeping services. “It’s been pretty rough,” Tait says. 

Expect to pay more

Michael Jacobson, president of the Illinois Hotel and Lodging Association, told local CBS news, “We are still facing staffing challenges both in the frontline, hourly positions as well as management. It has resulted in some hotels reporting they have to limit room sales because they do not have enough staff to accommodate 100 percent occupancy.”

With hotels booked, many travelers are turning to Airbnb and other short-term rentals — but increased demand is driving higher prices there as well. Vered Schwarz, chief operating officer of property management platform Guesty, says, “This Christmas is to be the most expensive holiday this year in the U.S. Travelers are currently booking at prices 53 percent higher than 2020 and 80 percent higher than pre-COVID 2019. Reservation volume across the U.S. is up 469 percent compared to 2020, and even 157 percent higher than 2019.”

The opening of U.S. borders to foreign tourists, expected to begin in early November, is not going to make things better for American travelers. Joshua Bush, CEO of AvenueTwo Travel agency, says, “While the news of the U.S. easing entry restrictions is great for the economy and overall travel industry, it does have a downside. With hotels running at limited capacity, this may shut out Americans who have not planned ahead. For the upcoming holiday season, my worry is that some Americans wanting to go to warm U.S. destinations may be left out in the cold.” 

Be Flexible

California’s Beteta suggests looking at alternative destinations or timing: “Seasonal demand is an important factor for staffing shortages. Consider traveling during a destination’s shoulder or off-season when regions are less congested.” Booking a ski resort town in fall, for example, or a cool-weather coastal trip in winter will help with pricing and availability, she notes.

Be patient and kind

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ow to Clean an Oven - Shield Insurance Agency Blog

How to Clean an Oven

By: Jeremy Glass  |  Jan 4, 2021

It can be a dirty job, but someone’s got to do it.

It’s finally time to clean your oven. Yay.

Look, we understand the inherent lack of fun in such a laborious activity, but to clean an oven means a cleaner household with fewer harmful fumes infiltrating your kitchen and food. With little more than baking soda and vinegar, you can give your oven the kind of makeover that’ll eviscerate grease, dirt, and burned-on odor. Here’s how it’s done.

How to Clean an Oven

  1. Don a pair of rubber gloves before starting.
  2. Choose the best cleaning agent. Whether you have baking soda and vinegar on hand or want to spring for the professional-grade stuff, the first step in oven maintenance is preparation.
  3. Remove any debris. We’re talking chunks of food, chipped-off pizza crust, lone pepperonis, and generally anything that can be removed by hand. Clear all that stuff out and toss it in the trash.
  4. Take out your oven racks. For those who didn’t know you could actually remove oven racks, surprise! For a deep, deep clean, you can take out your oven racks and stick them in a bathtub or large sink. Soak your racks in dishwasher detergent and boiling water. Let them sit for about two hours. Scrub with a stiff brush before returning to the oven. In lieu of a full bathtub cleanse, you can sprinkle baking soda on your oven racks and then spritz with white vinegar. Scrub with a good, stiff brush.
  5. Make a paste. Spread a thick paste of 2 cups baking soda and 3/4 cup water on the inside of your oven. Allow the paste to sit for six to eight hours before scrubbing it clean. If you’re using a commercial cleaner, spray it all over the oven from a distance of 9-12 inches (22-30 centimeters), close the oven door and leave it for two hours. Then wipe clean with paper towels or a wet cloth.
  6. Don’t forget the oven doors. Spray the outside of the oven doors with some white vinegar or commercial cleaner to make them shine. On the inside you can clean them with that baking soda and water paste. Let it sit for 15 to 20 minutes before cleaning.

Or try a self-cleaning oven. Most ovens with a self-clean feature require only a couple of hours for a good-as-new look that’ll save your food from taking on any nasty odor. Plus, the clean-up will be minimal. Follow the directions in your oven’s manual for how to use your oven’s self-clean feature, should it have one.

Click here for more awesome cleaning tips in the kitchen…

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Prehab Could Make Your Recovery From Surgery a Bit Easier - Shield Insurance Agency Blog

Prehab Could Make Your Recovery From Surgery a Bit Easier

By: Jennifer Walker-Journey  |  Sep 28, 2021

Surgery puts enormous stress on the body. It puts patients at risk for complications, which can slow recovery. But taking time to get into optimal shape before elective surgery can vastly improve a patient’s chances for a speedy recovery from surgery, says Katie Starr, Vivo chief scientific officer with the VA POSH (Perioperative Optimization of Senior Health) at the Durham VA Medical Center in Durham, North Carolina.

Essentially, the healthier a person is before surgery, the better equipped their bodies are to overcome the stress responses produced during surgery. But many people have compromised immune systems due to advanced age or a medical condition, making it more difficult for them to bounce back after surgery.

With a growing population of aging, obese and diabetic individuals — who have, in turn, created a greater demand for surgical services — the medical community has begun pursuing ways to improve patient outcomes following surgery.

One such approach is prehabilitation.

What Is Prehab?

Prehab is a new buzzword for inpatient care that takes a proactive approach using exercise and nutrition training to treat at-risk patients before they undergo elective surgery.

Most people are familiar with rehabilitation, the medical specialty that helps people regain lost body functions due to medical conditions or injury. For example, people who have undergone hip replacement surgery usually require extensive rehab to help them rebuild muscle strength and regain function and mobility.

Prehab is like rehab before surgery, but it strives to get the body to its maximum health potential before surgery so that the patient can quickly heal and return to normal activities. Like rehab, though, prehab takes time. Cardiovascular improvements can be seen in as little as three weeks. But four to eight weeks of prehab before surgery is necessary for patients to see strength gain.

Where Does Prehab Come From?

In 1997, in an effort to improve postoperative outcomes of patients, a group of general physicians from Europe developed Enhanced Recovery After Surgery (ERAS). The method employs practices designed to reduce a patient’s hospital stay, complication rates, recovery period, and economic costs.

Through the years, the protocol has evolved to include practices such as patient and family education, pain management, and nutrition recommendations. It also involves optimizing patients’ health before surgery — the keystone of prehabilitation.

“What we want to do with prehab is bump somebody’s baseline from where they started so that we can delay and reduce the loss and impact [caused by surgery] so that they will be able to recover sooner,” Starr says.

How Does Prehab Work?

The type of surgery and the patient’s needs dictate the type of prehabilitation needed. Here are some examples of how prehabilitation works:

Muscular strength: Prehab is often used in patients undergoing joint replacement surgery to build muscle mass in order to support the body and provide mobility as the affected area recovers. For example, an 84-year-old man was prehabilitated before knee replacement surgery to strengthen his upper body. The prehab focused on his arm strength so he could lift himself in and out of chairs and his bed until he could apply pressure on his rebuilt knee.

Cardiorespiratory: “Cardiorespiratory muscles are extremely important when it comes to intubation during anesthesia. The impact on the lungs is very big,” Starr says. Smokers and people with poor lung volume or cardio-respiratory fitness are at greater risk for infection, pneumonia, or aspiration — “all are things that will cause long-term, postoperative complications and reduced ability to heal from surgery.”

Prehab for patients undergoing a lobectomy or having a portion of their lung removed may focus on building aerobic capacity in addition to strength training.

Nutritional: Nutrition impacts how quickly the body heals from the stress of surgery, which is why being nutritionally fit before undergoing surgery is imperative to a good recovery, Starr says.

Many conditions can adversely impact nutrition. As we age, our bodies go through physiological and metabolic changes that result in a loss of muscle mass and renal function, which affect hydration and fluid status — “important factors in regard to surgery because of the stress response,” Starr says.

Surgical stress also boosts blood sugar levels in the body, posing risks for patients who are not nutritionally fit. For example, surgery puts diabetic patients at risk for complications, including wound site infections and longer recovery.

Cancer and cancer treatments can also affect a person’s ability to eat food or absorb nutrients, which can lead to malnutrition.

“Just like with function and cardiorespiratory and physical function, we know that nutritional status is going to decline in the hospital setting,” Starr says. “We want to make sure we do everything we can on the front end to help mitigate that on the back end.”

Who Is Prehab For?

While anyone would benefit from getting in optimal health before elective surgery, prehab is intended for patient populations who are more vulnerable to surgical stress response, including:

  • the elderly
  • anyone with multiple health conditions such as Type 2 diabetes
  • patients with cancer at any age, particularly those who have undergone chemotherapy or radiation

Healthier people in better physical shape are less likely to see much gain with prehab, Starr says. But those who are unfit stand to see “amazing gains” from achieving optimal health before surgery.

“With older adults, independence is one of the most important things. They want to remain independent and they want to remain in their homes. If they want to do that, we’ve got to be sure that we optimize the muscles before going into surgery, and that includes both prehab and nutrition,” Starr says. “That’s what we’re trying to do: Reduce the insult caused by surgery and get them home and back active and back to their baseline as soon as possible.”

Does Prehab Work?

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12 Mindless Habits That Are Secretly Exhausting You - Shield Insurance Agency Blog

12 Mindless Habits That Are Secretly Exhausting You

Feeling tired no matter how much rest you get? These mindless habits and behaviors you probably do every day could be to blame.

By Krissy Brady09/21/2021 05:45am EDT

It’s no secret feeling drained has become the status quo, one that leaves us overexerting ourselves just to get through the necessities of the day. This leads us to lean on any energy booster we can think of to help us make it through. However, we also should suss out the energy sappers lurking in our daily habits.

Think of your energy as water in a cup that has a hole in the bottom. There are two ways to ensure the cup always contains enough water: pour more water into it or make the hole smaller.

“Finding ways to boost your energy is analogous to filling the cup and focusing on ways to make tasks less draining to making the hole smaller,” Tyson Lippe, a psychiatrist at Heading Health in Austin, Texas, told HuffPost. “Both are equally important, yet we often underestimate what can drain our stamina.”

So continue doing what’s necessary to boost your energy (eating healthier, exercising, getting enough sleep, setting boundaries) — and make sure that process includes finding and quashing the sneaky energy saboteurs on your plate. To get you started, here are 12 easily overlooked things that can drain your energy (and how to turn things around):

Watching emotionally charged television shows

One of the ways binge-watching emotionally charged TV shows can lead to mental exhaustion is through trait identification, which refers to the process of temporarily imagining yourself experiencing the same feelings and events of a specific character.

“The experience allows individuals to perceive the world differently and acquire and gain access to various emotional capacities they were formerly unable to experience,” said Leela R. Magavi, a psychiatrist and regional medical director for Community Psychiatry and MindPath Care Centers in California.

In excess, however, sustained high-intensity emotions can result in a state of heightened arousal and overstimulation. “It then takes additional mental effort to dampen these signals with emotional regulation strategies,” Lippe said.

This is the case for both positive and negative emotions, he added, as they activate similar pathways in the brain, ultimately leading to mental fatigue, difficulty focusing, and poor energy levels.

The fix: Be mindful about the entertainment you consume. Take note of how it makes you feel and impacts you throughout the following hours and days. “You may find that some themes are particularly triggering and best avoided,” Lippe said.

Waiting too long between meals

The body stores energy from the foods we eat and relies on a steady supply of it. “Each macronutrient — protein, carbs, and fat — provides energy, but carbs are the body’s primary and preferred fuel source,” Caroline Lacey, registered dietitian, and owner of Nutrition Rerooted, told HuffPost.

Some parts of the body, such as the brain, can only use carbs (in the form of glucose) for energy. “The body can store some carbs in the liver for later use, which acts as an energy reserve for the body to use when blood sugar levels are low, such as between meals,” Lacey said. “But there’s a limit to the amount that can be stored, and eventually, the supply becomes depleted.”

This backup energy supply only lasts about three to six hours, so going too long without food sets off biological and psychological mechanisms that turn on our eating drive — usually, this can lead to strong cravings for processed carbs, which are foods with a high glycemic load.

“As we eat more carbs, especially simple ones, our insulin levels climb,” Uma Naidoo, nutritional psychologist and author of “This Is Your Brain on Food,” told HuffPost. “Once our insulin levels peak after eating, our blood sugar can subsequently crash and lead to a distinct feeling of being physically drained.”

The fix: In general, the recommendation is to go no longer than five waking hours without eating, “but this is highly individualized and dependent on a variety of factors,” Lacey said. “Some people may need to eat more frequently and may benefit from going no longer than three to four hours without eating.”

The best way to counter your eating schedule being thrown off is to always have a shelf-stable snack on hand (in your purse, briefcase, gym bag, car, desk, or locker) that doesn’t require refrigeration. Think protein bars, snack-sized bags of trail mix, mixed nuts, or squeezable peanut butter packets.

“You want something that will hold you over until you can eat your next meal, but not something so large and filling that you’re not hungry at mealtime,” Lacey said.

Working at a messy desk

Working in a cluttered environment may increase distractibility and inattentiveness. The result? Tasks take longer to complete, requiring you to use up more mental focus and energy over time.

The fix: Maintaining a structured and planned environment, where everything you need is in its place, can help reduce this particular energy drain.

“I advise individuals to spend 10-15 minutes each day tidying up their work area while listening to calming music,” Magavi said. “This can create a positive pattern of behavior.”

Planning too far in advance

Planning is helpful up to a point. “By scheduling in advance, you ensure you’re allocating time to a task without forgetting or double-booking yourself,” Lippe said. “But if done in excess, it can leave you with too little flexibility and force you to live in the future instead of the present.”

Being constantly exposed to a full calendar of obligations can cause an uptick in anticipatory anxiety and adversely affect working memory and processing speed.

“This can impede your ability to remain mindful and efficiently complete tasks at the moment,” Magavi said, resulting in poor motivation and mental exhaustion.

The fix: Consider planning out the mandatory (work deadlines, meetings, and appointments, family-related activities), then leave the remaining pockets of time as commitment-free as possible.

“Consistently leaving time open for hobbies, relaxation, and nothing at all provides a sense of freedom and control for yourself,” Lippe said.

Setting limits with how far in advance certain things are planned out can be helpful too, allowing for more spontaneity and flexibility.

Having too many tabs open

Not only are you overwhelming your laptop’s battery by having 25 tabs open, but you’re also putting your brain into overdrive too.

“Bouncing from tab to tab gives your ego the misconception you’re getting an incredible amount of work done,” said Rana Mafee, a chief neurologist at Case Integrative Health in Chicago. “In reality, you’re not fully processing anything you’re trying to efficiently consume.” Cue mental fatigue.

The fix: Instead of gradually sucking up your mental energy by leaving an ungodly number of tabs open, try asking yourself every hour or so: What do I actually need in front of me right now? What purpose is this tab serving me?

“Any tab that doesn’t relate to what you’re working on at the moment can either be bookmarked for when it does or exited to save your brain,” Mafee said.

Taking calls right away

“Phone calls can be exhausting,” Mafee said. “Your nervous system has to not only process a task change at the flip of a switch but try to process the conversation you’re having without facial cues and body language, forcing your brain to work overtime.”

To top it off, once the call is finished, it can take you over 20 minutes to fully regain your focus.

The fix: Before hitting that green “accept” button, take a few seconds to check in with yourself and ask: Is this really a good place to stop? Do I legit have the capacity for this particular conversation right now?

“A simple habit to implement might be to ask colleagues and loved ones to shoot you a text first to see if you have the capacity for a random call,” Mafee said. “That way you can stop feeling like you have to create availability in an already busy moment.”

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FDA clears Pfizer COVID-19 vaccine boosters for vulnerable groups - Shield Insurance Agency Blog

FDA clears Pfizer COVID-19 vaccine boosters for vulnerable groups

The decision comes after weeks of debate over whether or not Covid-19 third doses are needed

by Nicole Wetsman  Sep 22, 2021, 7:59 pm EDT

The Food and Drug Administration cleared a third dose of the Pfizer / BioNTech COVID-19 vaccine for people some vulnerable groups — the first booster in the United States’ vaccination efforts.

The agency signed off on boosters for people 65 years of age and older, those who are at high risk of severe disease, health care workers, and other people at high risk of exposure to COVID-19 at work.

The decision comes a month after the Biden administration announced that booster shots would be available to people in the US starting in September. At the time, scientists and public health experts criticized the administration for pushing boosters before there was clear evidence that they were necessary and before either the FDA or CDC signed off on their use. In early September, federal officials told the White House that they may have to modify or push back the booster plan while health agencies collected and reviewed data, The New York Times reported.


The decision only covers the Pfizer / BioNTech vaccine shots, and there are no updated guidelines for the Moderna and Johnson & Johnson shots at this point.

Over the past few weeks, experts debated whether or not third doses of the Pfizer / BioNTech and Moderna COVID-19 vaccines were necessary. Data from the US and Israel appear to show that protection against infection with the coronavirus drops off over time, though there are different estimates around exactly how steep that decline might be. The effect is more pronounced for older people. Most data shows that otherwise healthy people who get two shots of the vaccine are still protected against severe illness.

The FDA’s advisory committee on vaccination on Friday voted against recommending boosters for people 16 years of age and older, citing limited evidence for boosters in younger age groups. Members were also uncomfortable with the lack of safety data on third doses in younger people. The committee recommended boosters for a narrower group of people: those who are over 65 or who might be at high risk of severe COVID-19. In a less formal poll, it also supported boosters for health care workers and people at risk of exposure at work.

Most data used to make the case for or against boosters comes from outside the US, from countries that have centralized health care systems that they can pull from to understand big-picture COVID-19 trends. The US doesn’t have that kind of infrastructure, so vaccine information is more piecemeal.

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Tracking COVID-related securities litigation 4 reasons cases may be on the rise - Shield Insurance Agency Blog

Tracking COVID-related securities litigation

Tracking COVID-related securities litigation: 4 reasons cases may be on the rise

When COVID-19 hit in March 2020, many in the insurance industry anticipated a wave of litigation that would mirror the influx of lawsuits after the 2008 recession. During that year, investors trying to recuperate lost funds filed more than 200 new cases, increasing securities litigation by nearly 20 percent from 2007. So far, however, this prediction has not played out—at least not yet.

Courts have experienced a slowdown in securities-related lawsuits since the beginning of the pandemic, with only 29 cases filed since the initial shutdown. But some experts believe a surge of COVID-19-related litigation is on the horizon. In this article, we’ll explore what we know based on the COVID-19 securities cases that have been filed so far, and why there could be a rise in legal activity and related directors and officers (D&O) claims. 

COVID-19 securities litigation: what we know so far

Unlike other events that precipitate stock market crashes, the pandemic has had a unique impact on the economic and legal landscape—in large part because it’s unlike any other financial crisis we’ve experienced. Despite the uniqueness of the situation, however, it’s possible to identify several reasons why the pandemic hasn’t sparked the same rise in securities litigation that we saw in 2008.

Importantly, this time the government quickly provided aid to help offset the pandemic’s impact on the stock market. On top of that, many companies went above and beyond to share information with stakeholders following the Securities and Exchange Commission’s (SEC) guidance from April 2020 to “disclose as much information as is practicable regarding [your company’s] financial and operating status(…).” These factors, plus the widespread belief that COVID-19 was just a temporary setback, likely kept many investors out of the courtroom.

Even with the litigation slowdown, however, there are a few cases currently working their way through the courts. The following is a breakdown of the three main types of COVID-19-related securities lawsuits experts have observed so far.

  • Outbreak-related cases

A few cases have been filed against companies that experienced outbreaks in their facilities. For example, some cruise-ship companies, prisons, and long-term care facilities are facing securities litigation.

  • Cases against false financial claims 

Companies that claimed to be able to profit from the pandemic are also facing litigation. For example, shareholders at some vaccine development companies recently sued over false claims around the development of a COVID-19 vaccine. 

  • Cases in heavily impacted industries

Finally, shareholders with investments in companies most disrupted by the pandemic have started to file suits. Heavily impacted industries include real estate investment trusts (REITs) and businesses in the entertainment and travel industries.

4 areas of uncertainty around post-pandemic securities litigation

With so few cases in court today, why could there be a rise in COVID-19-related securities litigation and D&O claims? Here, we review four factors that could make an impact.

1. The nature of the stock market

Since March 2020, the stock market has been volatile, and it will likely continue that pattern for months, or even years. Because of this, reductions in stock prices will take time to develop. Many shareholders may wait until the market levels off to litigate to have a clearer picture of the long-term impact 

2. Stricter regulations from the SEC

According to news outlets, the new administration is signaling a tougher regulatory stance than its predecessor. If the SEC tightens restrictions and enforces stricter disclosures for publicly held companies, this may benefit future plaintiffs.

3. A lack of comparable cases and precedent

As noted above, there have only been a few securities lawsuits to date around COVID-19 losses, and most of the cases are still working their way through the court system. Without precedent to use as a guide, only time will tell if cases survive motions to dismiss and the percentage that is in favor of plaintiffs. If more plaintiffs pursue cases and are successful, it could whet the appetite for more suits.

4. Continued economic uncertainty

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National Hispanic Heritage Month - Shield Insurance Blog

National Hispanic Heritage Month

National Hispanic Heritage Month from September 15 to October 15

About National Hispanic Heritage Month

Each year, Americans observe National Hispanic Heritage Month from September 15 to October 15, by celebrating the histories, cultures, and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean, and Central and South America.

The observation started in 1968 as Hispanic Heritage Week under President Lyndon Johnson and was expanded by President Ronald Reagan in 1988 to cover a 30-day period starting on September 15 and ending on October 15. It was enacted into law on August 17, 1988, on the approval of Public Law 100-402.

The day of September 15 is significant because it is the anniversary of independence for Latin American countries Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. In addition, Mexico and Chile celebrate their independence days on September 16 and September 18, respectively. Also, Columbus Day or Día de la Raza, which is October 12, falls within this 30 day period.

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