ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of Art in 2022. The insurers say that the owners should have known that the works were counterfeits and they have no value. Liberty Mutual Insurance Company and Great American Insurance Company sought a declaratory judgment i…

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Insurers balk at $19.7M claim on fake Basquiat paintings seized by FBI

Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings seized during an FBI raid at

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ORLANDO, Fla. (AP) -- Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of Art in 2022. The insurers say that the owners should have known that the works were counterfeits and they have no value.

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Liberty Mutual Insurance Company and Great American Insurance Company argue the forgeries have no value.

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Insurers deny $19.7 million claim for fake Basquiat paintings seized by the FBI. Owners argue they should still pay for failing to verify authenticity

ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of Art in 2022.

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The owners of works the FBI seized from the Orlando Museum of Art have filed an eight-figure claim, but the insurers say “coverage is unavailable because… the property was inauthentic”

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Insurance companies fight $19.7m claim over Basquiat forgeries

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Insurers balk at $19.7M claim on fake Basquiat paintings seized by FBI

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