Judith Wallace, Chair of Carter Ledyard’s Art Law practice, was quoted extensively in a Law360 article titled “Natural Disasters Change Climate For Art Insurance.” The article explores the growing complexities of art insurance in light of climate-related risks and features insights on how collectors, insurers, and artists’ estates handle the challenges posed by damage to valuable artworks.
Judith provided insights into how natural disasters are shaping the art insurance landscape, particularly around the impact of policy terms and the challenges posed by insurance valuation methods such as blockage discounts. Her comments reflect deep experience advising collectors, artists’ estates, and institutions on navigating the legal and financial complexities that arise when artwork is damaged or destroyed.