Moscow’s Pushkin Museum of Art will receive $1.2 million in compensation from insurers for damages suffered by a Rembrandt painting on the way to an exhibition in Houston. The painting “Portrait of an Old Woman,” suffered a tear of approximately six inches in the lower right corner, which was subsequently repaired. The compensation is based on the diminished value of the work of art, and is the highest known award of its kind.
Was this article valuable?
Here are more articles you may enjoy.
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
Intersecting Risks and the Future of Construction Insurance 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio From This Issue
