The insurance company Lloyd's has claimed in court that it won't pay for an insured Edgar Degas sculpture, purported to be worth $3 million, which disappeared in shady circumstances, "Daily News" reports.
“The claim of the loss of Degas bronze results from theft or dishonesty by a person to whom the insured property was entrusted," the insurance giant said in a Manhattan Supreme Court complaint. “Accordingly, the [Degas bronze] claim falls within exclusion of the policy."
Although the insurance policy covered losses until August 2014, exclusions applied in cases of “mysterious disappearance or unexplained loss," which seem to fit the description of the circumstances in which Degas' "La Petite Danseuse de Quatorze Ans" vanished.
