It was a pleasure speaking last week in London in the International Underwriting Association (IUA) /Lloyd’s Market Association (LMA) Joint Specie Event, alongside Grace Best-Devereux, with moderation by Aliette Fenton-Sharp, both from Sedgwick. My presentation gave an overview of art appraisal with particular focus on the criteria that appraisers use for assessing partial loss in value (LIV) when works of art are damaged. Factors such as location of damage, stability of restoration, visibility of restoration, prior damage, relative rarity, and condition of comparable works can significantly influence the percentage of LIV assessed. Following my portion, Grace presented on the procedural aspects of adjusting fine art claims, including fascinating examples from the field. Then, we had a lively conversation on these subjects, prompted by insightful audience questions.
PRMA, New York Metro Chapter: East Coast Private Client Catastrophe Planning presentation
I will be speaking about partial loss-in-value art appraisals in the Private Risk Management Association (PRMA), New York Metro Chapter's East Coast Private Client Catastrophe Panning presentation on March 19, joining experts in adjacent fields to address this important and timely topic. Sign up here. Full event description below. I look forward to seeing you there!
Please join the NY Metro Chapter of the Private Risk Management Association (PRMA) for an enlightening panel discussion focused on catastrophe planning within the private client insurance sector. This event promises to be an invaluable opportunity for professionals seeking to deepen their understanding of risk management strategies. During the panel discussion, industry leaders will address the unique risks faced on the East Coast and explore key considerations for effectively managing these risks on behalf of our clients.
In addition to the panel discussion, the event will feature a Risk Management Gallery, where subject matter experts will be available to share their insights and expertise on topics such as disaster mitigation, post-loss fine art appraisals, and textile restoration.
We look forward to your participation in what promises to be a highly informative and engaging event.
Space is limited. Please register as soon as possible to guarantee your spot.
We will be providing delicious food and drink for all attendees as well. Hope to see you there!
The NY Metro Chapter Committee Members:
Kurt Thoennessen, CAPI – Arthur J. Gallagher & Co.
Dana Acabbo - Make the Switch Insurance
Mike Smerkanich, CAPI, CPRIA – WTW
Kathleen Atkins – Hub Private Client
Jennifer Brown – Art Peritus
Hannah Noel Brudnicki – Nomadx
Hannah Iversen, CAPI, CPRIA – NFP
Kelley Beach - Marsh McLennan Agency
Alex Horowitz - Berkley One
Michael Kelly - Smith Brothers Insurance, LLC. USA
Kevin F. Madden - Amwins
Chris Martens – Assured Partners
Zyggi Nemzer, CAPI, CPRIA - USI Insurance Services
Phillip Rehg, CPCU, CPRIA - HUB International
David Shapiro – David Shapiro Fine Art
Alison Sweeney – Distinguished Fine Art & Collectibles
Jennifer Najeer – Arthur J. Gallagher & Co.
Jake Dimitro – Fabric Renewal