Those residing in high-risk areas, keen on full-scale protection for their prized collections, are now contending with premium hikes of up to 25% upon renewal.[7] Supporting data by Berkley Asset Protection, based in New York, reveals fine art insurance premiums rising by as much as 5-12%.[8], [9] With the increasing severity of billion-dollar-plus weather and climate disasters, even if the art market escapes these types of catastrophic losses, the interconnected nature of… [read post]