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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…

Costly Omissions: Dog Bite Claim Denied After Agent Fails to Disclose Pet

Costly Omissions: Dog Bite Claim Denied After Agent Fails to Disclose Pet

A homeowner in Connecticut is facing a dog bite claim that will not be covered by insurance after his agent allegedly failed to disclose the dog on his Homeowners Insurance application. Antonio Laires, who is being sued over an incident in which his dog reportedly bit a woman on her face, claims he did not realize that his pet was…

Alert to Dog Owners: Bite Claims Getting More Expensive

Alert to Dog Owners: Bite Claims Getting More Expensive

While the number of dog bite claims has dipped, the cost of dog bite claims has been growing significantly, new data from the Insurance Information Institute shows. Last year, the number of claims decreased 2.2%, but claim costs grew 32% to a per-claim average of $64,555, Property Casualty 360 recently reported. These claims totaled $1.3 billion in 2022, representing a…

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…

Dog Attack, THC-Spiked Cracker Incident Underscore Home Day Care Risks

Dog Attack, THC-Spiked Cracker Incident Underscore Home Day Care Risks

A 3-year-old girl required 180 stitches to her face and spent days in the hospital after being tragically attacked by a dog April 2 at a home day care in Hemet, California. The attack is one of multiple incidents involving home day care facilities to make headlines in recent weeks. On April 22, police responded to a hospital in Stafford,…

Big Game Party Hosting: 5 Ways to Reduce Liability

Big Game Party Hosting: 5 Ways to Reduce Liability

The countdown to the big game is on as football fans across the U.S. prepare to watch the Los Angeles Rams take on the Cincinnati Bengals in Super Bowl LVI on Feb. 13. For many enthusiasts, the championship game is best enjoyed by hosting or attending a Super Bowl gathering with family and friends. According to a recent report, 90…

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