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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

Powerball Winner Keeps Promise to Split $22 Jackpot with Friend

Powerball Winner Keeps Promise to Split $22 Jackpot with Friend

A Wisconsin man who recently won $22 million playing the state’s Powerball lottery has followed through on a decades-old promise to split the jackpot with his friend. Thomas Cook and his friend fishing partner, Joseph Feeney, reportedly made a handshake agreement 28 years ago to split any lottery winnings if either of them ever hit the jackpot. Cook made good…

Ask the Expert Q&A: Private Client Insurance

Ask the Expert Q&A: Private Client Insurance

High-end homes, big-ticket items like jewelry and fine art, expensive collections and a higher risk of lawsuits make Private Client Insurance essential for affluent individuals. To learn more about the Private Client Insurance market and its particular risk profiles, Crain’s Content Studio sat down with Heather Posner, Associate Vice President, Director, Private Client, Burns & Wilcox, Cleveland, Ohio. What are…

Millions in Jewelry and Cash Stolen After Alleged Burglary Ring Stalks Social Media

Millions in Jewelry and Cash Stolen After Alleged Burglary Ring Stalks Social Media

Suspected members of a highly-organized burglary ring were arrested in Miami, Florida last month for allegedly using social media and other surveillance techniques to target homeowners in upscale neighborhoods and steal millions of dollars’ worth of jewelry and cash. On February 18, 10 suspects were charged with racketeering, conspiracy and burglary, putting an end to an alleged two-year crime spree…

‘Jeopardy!’ Champion’s $1.8 Million Winnings a Reminder to Safeguard Sudden Wealth

‘Jeopardy!’ Champion’s $1.8 Million Winnings a Reminder to Safeguard Sudden Wealth

On Monday, May 20, 34-year-old professional gambler James Holzhauer won $89,229 on his return to “Jeopardy!” following a two-week hiatus from regular play. He won another $86,905 on Tuesday, May 21 and set a series record for highest per-game winnings average: $77,798. Holzhauer is the biggest single-game cash winner – $131,127 – and second-biggest overall winner in the show’s 40-year…

60 Percent of Art Damage Claims Arise from Transport

60 Percent of Art Damage Claims Arise from Transport

According to the 2019 Art Basel and UBS Global Art Market Report, more artwork is fetching higher sale prices worldwide. Art sales at auctions, art fairs and online reached $67.4 billion in 2018, up 6 percent from the previous year. With the network of dealers and collectors spread across the globe, more art winds up in transit—where matters can become…

Truck Driver’s $298.3 Million Powerball Jackpot Leads to Newfound Wealth, Risk

Truck Driver’s $298.3 Million Powerball Jackpot Leads to Newfound Wealth, Risk

Truck driver David Johnson confirmed last week he is the sole winner of the December 26 New York Powerball drawing. The 56-year-old, who emigrated from Jamaica when he was 16, quit his job at Iberia Foods and plans to live on the estimated $114 million he will collect after taxes. Johnson’s plans also include buying a new family home in…

How to Protect a James Bond-Style Ride

How to Protect a James Bond-Style Ride

Aston Martin recently announced it would make 25 continuation versions of the DB5 that appeared in the 1964 James Bond film “Goldfinger.” They will be priced at $3.1 million each with deliveries beginning in 2020. Porsche’s Project Gold 993 recently sold for $3.1 million at auction, making it the most expensive 993 Turbo ever. These vehicles and other collectible cars…

Non-Weather Related Risks and How to Protect Against Financial Loss

Non-Weather Related Risks and How to Protect Against Financial Loss

While severe weather is lurking around the corner, there is another threat brokers and agents should be discussing with clients: non-weather related water damage. Concealed pipes, leaky plumbing, and appliance water lines are some of the biggest and least thought about risks to households. Yet, one major leak in a client’s home could result in a tremendous loss. For high-value…

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