Via ARTnews
Art insurance in Florida is in limbo right now. Many art institutions in Florida this year had to consider the risk of climate change to their buildings and collections after Hurricane Ian made landfall in September. No significant art damage claims have been filed in the state after the Category 4 Hurricane, which killed at least 114 Floridians. However, art insurance experts told ARTnews that clients should anticipate increases to the price of premiums and changes to the breadth of coverage early next year due to the growing cost of climate change-related insurance claims.
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Terra Link Research 