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)
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Political change is also the business of businessThis past week I spent a few hours visiting an innovative South African agri-technology business that is well on its way to becoming a global player. I was blown away by the knowledge and technology they produce, and their approach to solving problems, writes Songezo Zibi.
Read more »
Business Talk in the top 10% of most-followed podcasts on SpotifyBusiness Talk with Michael Avery – South Africa’s leading online business talk show – had an exceptional 2022.
Read more »