Cardiologist Sues Insurer Over $1.5M In Swiped Artwork - Insurance Claims News Article

Cardiologist Sues Insurer Over $1.5M In Swiped Artwork

Tuesday, August 24th, 2021 Litigation

A wealthy Park Avenue cardiologist and his wife are having an art attack — because their insurance company refuses to reimburse them for $1.5 million in stolen artworks, according to new court papers.

Dr. Philip and Jamila Weintraub — longtime art lovers who have amassed ‘a multi-million-dollar collection of over one thousand items’ — gripe that dealing with their insurance company to recoup their losses has been ‘hellish,’ according to a Manhattan Supreme Court lawsuit filed Monday.

The New York City couple had insured their homes — and their roughly $7 million art and antiquities collection — with Chubb since 1990, ‘paying substantial premiums and renewing the policy each year,’ the court documents say.

Then Philip — who rotated the artworks between the couple’s city apartment, his Park Avenue office and their ‘country home’ — discovered in August 2019 that a storage room in their getaway pad had been rummaged through and multiple works stolen, the court papers say.

Philip — ‘a lifelong passionate collector, dealer and connoisseur of antiquities and fine arts’ — reported the theft to local police a few days later, the suit says. By November, the cops told him they ‘hit a dead end’ and didn’t think they’d be able to get his art back, the filing explains.


External References & Further Reading
https://nypost.com/2021/08/24/nyc-cardiologist-sues-insurance-company-over-1-5m-in-swiped-art/
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