Intel

Inside This Article: Many homeowners affected by the Los Angeles wildfires last year have been unable to rebuild after realizing their insurance limits are not sufficient for current rebuilding costs. Rising construction expenses and high demand following disasters are increasing the risk of underinsurance nationwide. Inspections, valuation updates, and reviews of limits, endorsements, and home upgrades can help prevent…

Inside This Article: Kansas City is considering an ordinance that would allow residents to register their homes as short-term rentals during major events such as the World Cup. The proposal aims to expand lodging options to accommodate the expected influx of fans while giving homeowners a chance to benefit economically. Short-term rentals may not be covered by standard Homeowners…

Inside This Article: A Superman #1 comic book discovered in an attic recently sold for more than $9 million. Fine art sales have also broken new records in recent weeks, including a Gustav Klimt painting and a Frida Kahlo self-portrait. High-value collectibles require special insurance coverage under a Personal Articles Floater, as Homeowners Insurance policies would not typically have…

Inside This Article: Major insurers are withdrawing from parts of Nevada and other regions due to growing wildfire risks, leaving many homeowners without coverage. State-backed “last-resort” insurance programs like California’s FAIR Plan offer limited protection for high-value homes. A new Atain-backed High-Value Homeowners Insurance program offered exclusively by Burns & Wilcox is designed specifically for catastrophe-exposed areas. Experts urge…

Inside This Article: A signed 1986-87 Fleer Michael Jordan rookie card sold at auction for $2.5 million, setting a new record for a Jordan rookie card. The card was one of only nine signed by Jordan in 2024 and marked the first sports collectible offered by Pharrell Williams’ auction house Joopiter. Interest in sports collectibles remains high in the…

A pair of ruby slippers worn by Judy Garland in The Wizard of Oz recently became the most valuable movie memorabilia ever sold at auction, fetching $32.5 million in the Heritage Auctions sale that closed Dec. 7. The iconic shoes were sold alongside the hat worn by the Wicked Witch in the 1939 film; the hat sold for $2.9 million,…

In the recent Burns & Wilcox Residential Property webinar, special guest Virginia Mathurin, Director, Property Underwriting, Personal Lines, Markel Specialty, explored the nationwide growth of E&S insurance, driven by admitted carriers retreating from risks due to inflation, rising reconstruction costs, and increased weather events. https://vimeo.com/1036876499/e653e69341?share=copy

Albert Reed, Manager, Personal Insurance, Senior Underwriter, Personal Insurance, San Francisco, CA, shared insights in the Burns & Wilcox Residential Property webinar about the significant growth in E&S and the role of DIC policies in addressing coverage limitations from admitted carriers in California. https://vimeo.com/1036899006/a8463b5d5c?share=copy

During the recent Burns & Wilcox Residential Property webinar, Heather Posner, Vice President, National Product Leader, Private Client, Burns & Wilcox, Cleveland, OH, highlighted the growing need for solutions like flood, earthquake, and deductible buybacks to address gaps in protection. https://vimeo.com/1036886620/925a4bdd7e?share=copy  

The E&S market is transforming, and Residential Property risks are finding a new home in the non-admitted space. Watch the recording of “The E&S Evolution: Solutions for Residential Properties” to gain expert insights into the trends reshaping the industry. Learn strategies to: Secure tailored solutions Navigate challenges Elevate your client service Panelists: Heather Posner, Vice President, National Product Leader, Private…

The owner of an Airbnb in Ithaca, New York, is suing Cornell University and the vacation rental platform in a lawsuit that claims a group of international students who rented her home caused $200,000 in severe and \"bizarre\" damages during their eight-day stay. In the lawsuit, the owner alleges that the exchange students — reportedly “hand-picked” for a summer program…

A jersey worn by Babe Ruth recently sold for more than $24 million and broke the record for the most expensive piece of sports memorabilia ever sold at auction, according to reports. The baseball legend wore the jersey on Oct. 1, 1923, when he made his famous \"called shot,\" pointing to a flagpole at center right field before hitting a…