Change in Tides: Warhol Foundation Wins Suit Against Insurance Provider
January 2, 2013
The tides have turned for The Andy Warhol Foundation (the Foundation). On December 12, 2012, ArtInfo announced that the Foundation recovered $4.6 million plus interest from their insurer, the Philadelphia Indemnity Insurance Company (PIIC). Judge O. Peter Sherwood of the New York Supreme Court dismissed PIIC’s petition for summary judgement and ordered the company to pay up.