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The Law and Practice of Fine Art, Jewellery and Specie Insurance

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The Law and Practice of Fine Art, Jewellery and Specie Insurance

9781800373457 Edward Elgar Publishing
David Scully, Mediator and Advisor, former Underwriting Manager with AXA Art and XL Insurance, and Member of the Chartered Institute of Arbitrators
Publication Date: June 2021 ISBN: 978 1 80037 345 7 Extent: c 296 pp
This comprehensive book will be essential reading for all those involved with fine art, jewellery and specie insurance. David Scully analyses the history, structure and dynamics of the global marketplace for this type of insurance, illustrating key points with real life examples to provide a practical guide to the business.

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Critical Acclaim
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This comprehensive book will be essential reading for all those involved with fine art, jewellery and specie insurance. David Scully analyses the history, structure and dynamics of the global marketplace for this type of insurance, illustrating key points with real life examples to provide a practical guide to the business.

Key features include:

• Coverage of how insurers determine the value of insured items
• Examination of relevant legal precedent in the UK and US, including judicial interpretation of exclusions and warranties
• Explanation of the key risk factors insurers consider, including traditional risks such as fire and theft as well as emerging risks such as defective title, professional liability and fakes and forgeries
• Specific chapters considering insurance for museums, exhibitions, private collectors, art dealers, jewellers, cash management companies, warehouses, art shippers, and other related businesses.

This book will be a valuable resource for insurers in this area, including underwriters, claims professionals and in-house lawyers, and will provide deeper knowledge to lawyers, loss adjusters, insurance brokers and other interested parties. It will also be useful to museum registrars, art dealers and collectors, auctioneers and others, in helping them understand the risks they face.
Critical Acclaim
‘This is a masterly command of the insurance of fine art and jewellery. It is comprehensive, easy to navigate and with excellent case studies which make the whole very readable. It will become compulsory study for a serious underwriter, broker, risk manager or lawyers who advise on insurance although hopefully there will be fewer legal disputes if the book is read in advance.’
– Julian Radcliffe, Chairman, The Art Loss Register, London, UK

‘Finally! How exciting to now have a comprehensive resource to put all the esoteric features of the global FAS world into proper historic and technical perspective. What a fantastic resource for those of us in the industry as well as those looking to enter in future.’
– Jennifer M. Schipf, Global Chief Underwriting Officer, Fine Art & Specie, AXA XL

This title is available for institutional purchase via Elgaronline.

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