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The theft of approximately $102 million worth of historic artifacts from the Louvre Museum in Paris provided a stunning example of the risks that major cultural institutions can face and the often limited insurance options available to cover financial losses.

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Museums also tend to have coverage for art that is in transit or on loan,&nbsp;said Seth Lamden, an insurance recovery partner at Blank Rome.&nbsp;He noted&nbsp;that such coverages are often "wall-to-wall" and paid for by the loaner in recognition of the increased hazards when moving objects out of permanent collections. "That's a much riskier environment, and it's a much easier situation to insure: We're talking about a discrete piece or collection for a short duration of time. So while it may be expensive, it's not going to have the same pricing considerations of having a collection insured indefinitely in what should be a relatively safe and secure environment,"&nbsp;Lamden noted.

To read the full article, please click&nbsp;<a href="https://www.law360.com/insurance-authority/articles/2402741">here</a>.

"Louvre Heist Exposes Coverage Gaps for Art Collections," by Abraham Gross was published in&nbsp;<a href="https://www.law360.com/insurance-authority/articles/2402741">Law360 Insurance Authority</a>&nbsp;on October 23, 2025.

Louvre Heist Exposes Coverage Gaps for Art Collections

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Louvre Heist Exposes Coverage Gaps for Art Collections

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