The risk of climate change to artworks will likely drive insurance premiums, according to insurers and brokers.
The Leopold Museum has said the Klimt was not damaged, but did not respond to a request for further comment. "What we worry about is if it spreads to other protest groups who are less genteel and will take a less caring attitude." The art insurance market globally earns around $750 million in premiums. Premium rates rose by around 5% in 2020 and 2021 and remained steady this year but insurers expect them to rise.Losses and levels of insurance availability tend to dictate insurance premiums.
_Business Climate activists or criminals...
_Business Climate change itself is not the threat, mental instability and illness is the threat....
_Business Why are they doing this? The paint is causing air pollution? I don't get it... (and lazy to click the link tbh lol)
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