Thanks to the intensification of natural disasters in both magnitude and frequency, it is becoming increasingly difficult to obtain insurance in some of the most affluent locations in the country. And just as it gets exponentially more difficult to protect property in the wealthiest zip codes, the art market has never been stronger. However, art collectors face a diminishing pool of insurers willing to take on their risks. In his article for Risk & Insurance, Partner Nathan Davis offers pointers for obtaining and maximizing insurance for art collections in the current climate.
Read the article here.