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Alternative risk transfer (often referred to as ART) is the use of techniques other than traditional insurance and reinsurance to provide risk-bearing entities with coverage or protection. The field of alternative risk transfer grew out of a series of insurance capacity crises in the 1970s through 1990s that drove purchasers of traditional ...
Some commentators, such as Donn Zaretsky of The Art Law Blog critique the notion of "the public trust" and argue that deaccessioning rules should probably be thrown out altogether. [15] Others, such as Susan Taylor, director of the New Orleans Museum of Art and the AAMD's current president, believes that proceeds from the sale or funds from the ...
An estimated $110 million of art was lost in the September 11 attacks: $100 million in private art [1] and $10 million in public art. [2] Much of the art was not insured for its full value. [1] In October 2001, a spokesperson for insurance specialists AXA Art described the attacks as "the biggest single disaster ever to affect the [art ...
A Mexican artist whose Meatpacking District gallery was flooded by a burst water pipe claimed his insurance company is only shelling out a measly $9,000 for paintings worth $25 million, according ...
In their study, Mora, Mora, and Philippot cite four reasons for the "over-use" of detachment: the 19th-century division of the arts that privileged a "painting" divorced from its architectural and historical context; insensitivity to the aesthetic consequences, often partially concealed by restorers; the curiosity of art historians looking for sinopie; or perceived savings relating to the ...
Related: Mom Noticed Her Toddler Was Acting Strange.Days Later, She Found Out It Was Stage 4 Cancer (Exclusive) From there, things began to get worse. Andalusia recalls seeing Caper’s eye twitch ...
Although the defendants were found liable for trespass, conversion, and negligence, the jury awarded the artist $120,000 for only four undisclosed, unnamed works of art from over 4,000. The federal judge found that the jury's VARA award was properly included within the jury's other damages, thus reducing the amount of the total judgment.
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