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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…

Insuring Your Kids’ King-Sized Halloween Haul

With U.S. spending on Halloween candy projected to reach $2.6 billion this year, and Canada expected to surpass $1 billion, 2018 will likely be a record season for trick-or-treaters across the country. A Confectionery Indemnification Policy (CIP) can help protect that bumper crop of candy. This new policy is available for kids ages 5 to 12, with consent…

Increasing Frequency of Dog Bites a Reminder of Costly Liability for Businesses and Pet Owners

In Pennsylvania last month, an employee filed a lawsuit against Home Depot and her supervisors alleging the defendants failed to maintain a safe work environment after she was bit by a dog brought in by a customer. Earlier this month, a toddler in North Carolina was hospitalized after he was bit by a dog. Another…

Why Renting Out Your Swimming Pool Might Not Be Worth the Risk

Renting out your swimming pool can provide additional income given the opportunities provided by today’s sharing economy. The website Swimply functions like the aquatic equivalent of Airbnb or HomeAway for pools. It offers a digital marketplace for homeowners to rent out their pool by the hour. Rentable pools are available in at least 18 states….

Married couple wearing wedding bands

$1 Billion Spent on Weekend Weddings Shows Need to Cover the Big Day

August 18 marked the peak of wedding season in the U.S. with more than 28,000 expected to have been married that day, a sought-after date given 8-18-18 is a palindrome. More marriages are coming soon: September and October are the most popular months for weddings. More than $1 billion overall was spent for August 18…

soccer coach

Thai Cave Rescue: How Volunteers & Organizations Can Reduce Risk of Lawsuits

The rescue of 12 youth soccer players and their coach from a flooded cave in Thailand captivated the world this week. The boys, ranging in age from 11 to 16, and their coach were exploring the Tham Luang Nang Non cave complex in northern Thailand on June 23 before they became trapped inside following heavy…

vacant dwelling with a fireplace

Vacant Dwelling Coverage: Protecting Assets when No One is Home

In April 2018, the U.S. Census Bureau announced that national vacancy rates in the first quarter of 2018 were seven percent for rental housing and 1.5 percent for homeowner housing. In total, there were an estimated 17,161 vacant housing units in the United States for Q1 2018. While there is ample opportunity for retail brokers…