When dealing with a loss of the magnitude of the Notre Dame Cathedral in Paris, it is extremely important to have a crisis communications plan in place and a crisis management team to handle media inquiries and the information to be shared with the public. (Photo: R. David Sweet, MITConsulting, Inc.)
The global art community has grown over the past decade with high-end art sales worldwide increasing by 9% in value, according to UBS Global Wealth Management. At the same time, specialist fine art policies are evolving for galleries and collectors as well as fine art brokers, which means loss adjusters are facing new challenges.
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