Home Art collection Art collectors, Spar insurer Over $1.4 million in theft coverage

Art collectors, Spar insurer Over $1.4 million in theft coverage

By Emily Finallyger (July 14, 2022, 7:57 p.m. EDT) — A New York couple on Wednesday urged a federal court to find they should be paid $1.4 million after a Chubb unit refused to cover the theft of their antiques and art collection. Meanwhile, the insurer asked the court to reject the position and rule in its favor.

Art collectors Philip and Jamila Weintraub and their insurer, Great Northern Insurance Company, each filed memoranda on Wednesday in support of their separate motions for summary judgment.

The insurer pleads that the couple’s request should be rejected because they did not produce a sworn declaration of loss within the required time and, moreover,…

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