Stacie Stukin, After the Los Angeles wildfires, will art become uninsurable?, The Art Newspaper, 10 February 2025
The catastrophic blazes are expected to become the costliest wildfires ever in terms of insured losses, leading to concerns that it may become prohibitively expensive to insure art in parts of southern California.
The wildfires that burned more than 40,000 acres in and around Los Angeles last month devastated the neighbourhoods of Altadena, Pacific Palisades and parts of Malibu—killing at least 28 people and destroying or damaging more than 15,000 buildings. They have also left insurers and those in the art world wondering how to begin calculating the financial and cultural heritage loss.
