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Valentine’s Day Jewelry Sales to Reach $6.4 Billion, Experts Warn of Uninsured Losses

Valentine’s Day Jewelry Sales to Reach $6.4 Billion, Experts Warn of Uninsured Losses

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…

At Art Basel Miami Beach, Signs Point to Strengthened Art Market

At Art Basel Miami Beach, Signs Point to Strengthened Art Market

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…

‘World’s Most Valuable’ Whisky Sells at Auction for $2.7 Million

‘World’s Most Valuable’ Whisky Sells at Auction for $2.7 Million

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 Private Client Insurance Market

The Private Client Insurance Market

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 Ripple Effect: Homeowners Could Be Underinsured, Experts Warn

Inflation Ripple Effect: Homeowners Could Be Underinsured, Experts Warn

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…

Ask the Expert Q&A: Private Client Insurance

Ask the Expert Q&A: Private Client Insurance

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…

Mickey Mantle Baseball Card Hits Home-Run $12.6 Million Auction Sale

Mickey Mantle Baseball Card Hits Home-Run $12.6 Million Auction Sale

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…

Warhol Painting Sells for Record-Setting $195M Amid Growing Interest in High-Value Art

Warhol Painting Sells for Record-Setting $195M Amid Growing Interest in High-Value Art

A famous portrait of Marilyn Monroe painted in 1964 by Andy Warhol recently sold at auction for over $195 million, setting records for the most expensive piece of 20th century art ever sold and the highest amount paid for a piece of American artwork. The May 9 sale of the vibrant silkscreen, titled \"Shot Sage Blue Marilyn,\" also made history…

6 New Year’s Resolutions to Reduce Your Risks in 2022

6 New Year’s Resolutions to Reduce Your Risks in 2022

Have you made your New Year’s resolutions? About 44% of adults surveyed in a recent Medifast poll said they planned to set a resolution for 2022, compared to 50% in 2021. Top resolutions for the new year include financial health, holistic health and wellness, and focusing on self-care or body positivity, the survey found. While not everyone will make a…

High-Value Insurance Solutions Market Overview

High-Value Insurance Solutions Market Overview

Today’s high-net-worth clients have continued to gather assets during the pandemic — in some cases, at an even faster pace than usual. Rising home values, a rebounding art and collections market, and “red hot” auto sales all demonstrate this trend, according to Heather Posner, Managing Director, Associate Vice President, Director, Private Client, Burns & Wilcox, Cleveland, Ohio. This has increased…

Michael Jordan’s Rookie Sneakers Estimated to Sell for $1 Million or More

Michael Jordan’s Rookie Sneakers Estimated to Sell for $1 Million or More

One of the first pairs of sneakers Michael Jordan wore as a professional basketball player could become the most valuable pair ever sold at auction, CNBC recently reported. The red-and-white Nike Air Ships, which Jordan wore in 1984 during his rookie season, are being offered by Sotheby’s and opened for advanced bidding on Oct. 8. The signed sneakers are estimated…

High-Value Insurance Solutions

High-Value Insurance Solutions

Watch as our experts discuss High-Net-Worth Solutions, including the state of the market, challenges, and specialty solutions. https://vimeo.com/589542376/a596860b5c

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