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‘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…

National Boating Safety Week Begins While Accident Numbers Climb

May 18 marks the beginning of National Safe Boating Week, a project of the National Safe Boating Council and the National Oceanic and Atmospheric Administration’s Weather Service. Set before Memorial Day, when boating season begins in earnest, the annual campaign provides free resources and education, seeking to raise public awareness of life-saving safety measures such…

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…

Risk for Flooding on the Rise

A combination of rapid snowmelt, ice jams and torrential rains over several days in mid March left swaths of the Midwest and Great Plains states submerged and more than 10 million people under flood warnings by March 17. Powered in part by a “bomb cyclone”—when a rapid drop in barometric pressure leads to hurricane-force winds—flooding…

Million-Dollar Red Carpet Gems Require Unique Protection

This Sunday movie A-listers from around the world will promenade down the red carpet for the 91st Academy Awards, sporting garments created by a who’s who of designers, established and ascending. Designers and dealers vie for the coveted honor of outfitting celebrities with their jewelry and watches. One report estimated the total value of jewelry and…

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…

California Wildfires’ Impact Felt Throughout Insurance, Real Estate Markets

The impact of wildfires that raged across California the past two years will force one of the state’s largest utilities to file for bankruptcy protection later this month, but has also limited access to Homeowners Insurance policies statewide. Pacific Gas & Electric Corp. (PG&E), found at fault for some 2017 wildfires, now faces additional liabilities…

Protecting Your High-Value Holiday Gifts From Theft, Damage

‘Tis the season of giving — and high-value gifts Consumers were projected to spend more than $720 billion over the holidays this year, according to the National Retail Federation. While the majority of that spending likely falls into the stocking stuffer category, The Robb Report listed a $6 million pair of pear-shaped Jacob & Co….

Turkey Frying Missteps Can Be Disastrous

With Thanksgiving this week, it’s time to talk turkey. Frying a turkey, that is. Colonists and Americans have been celebrating Thanksgiving with a turkey dinner for centuries, but the practice of frying a turkey for dinner is a recent one. “There’s not a juicier, more flavorful turkey anywhere,” said Bill Gatewood, Corporate Vice President and…

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…