Intel

Consumers will spend a record-breaking $6.4 billion on Valentine\'s Day jewelry purchases this year, according to a recent survey from the National Retail Federation. The annual survey shows that total Valentine\'s Day spending in the U.S. will reach $14.2 billion, another record, INSTORE Magazine reported Jan. 30. Although consumers expected to spend an average of $185.51…

Up to 25 boats were damaged when heavy snow caused a roof collapse at a marina in Knox County, Tennessee, on Jan. 15. The head harbor master at the Concord Marina told WBIR Channel 10 News that one of its covered docks \"got pancaked on top of the boats,\" damaging some of the most expensive vessels held there. The winter…

Early reports from one of the art industry\'s most significant U.S. events of the year pointed to a positive outlook for the art market, according to news outlets. Several galleries represented at the annual Art Basel Miami Beach, held Dec. 6-10, were reporting strong sales, including the sale of several works valued at more than $1 million and at least…

A bottle of the “world’s most valuable” whisky sold for $2.7 million at Sotheby’s on November 18. The Macallan Valerio Adami 1926 is one of just 40 bottles filled in 1986 after the liquor aged for six decades in sherry casks, making it the oldest Macallan vintage ever made, Forbes reported. Another version of the single-malt whisky, which Sotheby\'s classified…

The U.S. Coast Guard rescued four crew members after a 60-foot luxury yacht flooded and overturned off the North Carolina coast recently, forcing them to abandon ship in a life raft, according to reports. The captain of the vessel later sent his thanks to the Coast Guard and locals, who he said were “absolutely amazing” in the Oct. 21 helicopter…

During this webinar, our special guest experts explore the current challenges and provide tips for brokers and agents on how to be successful in finding solutions for Private Client insureds. Featuring: • Heather Posner, Associate Vice President, National Product Leader, Private Client, Burns & Wilcox, Cleveland, OH • Sarah Chandonnet, Director, Private Client, Burns & Wilcox, Detroit/Farmington Hills, MI •…

Inflation in the U.S. has fallen from 9% to 3% over the past 12 months, with Americans seeing some relief on the cost of things like gas, groceries and airfare, according to the Associated Press. That leaves inflation still \"significantly above\" the Federal Reserve\'s target of 2%, officials said in recent days, and multiple rate hikes may be needed to…

As recreational boating season kicks into high gear around the country, new statistics are a reminder to play it safe, especially in states like Florida where more people are out on the water. Reports show that Florida leads the nation in boating accidents and the number of fatalities is on the rise, followed by Texas, California, and Missouri, the Citrus…

From professional athletes to corporate executives, high-net-worth individuals require a specialized approach to risk management and insurance. To learn more about Private Client Insurance, Crain’s Content Studio spoke with Sarah Chandonnet, Manager, Private Client, Burns & Wilcox, Detroit/Farmington Hills, Michigan. What type of clientele are you seeing in the Private Client Insurance space? S.C.: The type of clientele we are…

A mother of two who was severely injured after a tragic boating accident on Lake Michigan has filed a lawsuit against the boat rental company, its owner and the boat\'s captain. According to a recent report in the Chicago Sun-Times, Lana Batochir was floating on a raft with her friends at Chicago\'s popular \"Playpen\" boating area on Aug. 13, 2022,…

Dozens of new YETI coolers have turned up on beaches in Alaska and beyond, more than a year after a cargo ship incident sent 1,600 of the products overboard. According to reports, the Zim Kingston ship lost 109 containers during a storm in October 2021 near the Port of Vancouver. Some of the high-end coolers, which sell for hundreds of…

A mint-condition Mickey Mantle baseball card from 1952 sold at auction Aug. 28 for $12.6 million, making it the most valuable sports collectible in the world, CNN recently reported. According to a news release from Heritage Auctions, the exceptionally well-preserved card was last purchased in 1991 for $50,000, a price that broke records at the time. The new eight-figure sale…