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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…

Football Fans Warned Against Throwing Unauthorized Parties by Airbnb and VRBO

Football Fans Warned Against Throwing Unauthorized Parties by Airbnb and VRBO

Short-term rental homes have been filling up quickly in the Phoenix, Arizona, area as fans prepare to celebrate Super Bowl LVII on Sunday, Feb. 12. Football lovers looking to stay closest to the action at State Farm Stadium could expect to find average Airbnb rates around $1,000 per night, Cronkite News reported, with at least one listing asking as much…

How Soaring Home Values, Green Upgrades Could Impact Homeowners Insurance

How Soaring Home Values, Green Upgrades Could Impact Homeowners Insurance

In communities across the U.S., home prices are soaring so high in some areas that priced-out residents are moving to regions with a lower cost of living, Fox Business recently reported. Average rent prices are also up, with the most significant increases — each over 25% in the past year — seen in cities such as Miami, Tampa and Phoenix,…

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…

108 Wildfires Rage Across U.S. as Fires Leave More Homeowners Vulnerable

108 Wildfires Rage Across U.S. as Fires Leave More Homeowners Vulnerable

At least 108 active wildfires were burning in the U.S. as of Aug. 10, involving over 2.4 million acres of land in 15 states. The Bootleg Fire in Southern Oregon has burned more than 400,000 acres since it was ignited by lightning on July 6 and although it was 98% contained as of Aug. 10, officials said it was nowhere…

Ask the Expert Q&A: Homeowners Insurance & Wildfire Defense

Ask the Expert Q&A: Homeowners Insurance & Wildfire Defense

Wildfires are a growing risk for homeowners in many areas. To learn more about how homeowners can protect themselves and their property, Crain’s Content Studio spoke with Pamela Alphabet, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Scottsdale, Arizona. How serious is the wildfire threat for homeowners today? P.A.: Each year, the risk continues to increase. By far, the…

President Biden’s Dog ‘Major’ Involved in Second Biting Incident

President Biden’s Dog ‘Major’ Involved in Second Biting Incident

One of the White House’s two canine residents was involved in a biting incident on March 29: the Bidens’ German Shepherd, Major, reportedly nipped at a National Park Service employee during a walk on the White House South Lawn. The employee was assessed by the White House medical unit and returned to work without injury. The incident has dominated national…

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