Suit Over Authenticity Of Warhols Not Covered: Insurer

Law360, New York (April 30, 2010, 7:46 PM EDT) -- A lawsuit alleging that the Andy Warhol Foundation for the Visual Arts Inc. has conspired to drive up the price of the artist's work by denying the authenticity of purported Warhols does not merit coverage under the foundation's insurance policies, its insurer claims.

Philadelphia Indemnity Insurance Co. sued the foundation Wednesday in the Supreme Court of the State of New York, County of New York, seeking a declaratory judgment that neither policy it issued to the foundation covers the pending suit over its authentication procedures, in...
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