Word: thefts
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Dates: during 1990-1999
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BOSTON--Two weeks after the Gardner Museum theft, investigators had little progress to report in the probe of the biggest art heist in history, and insurers disputed the museum's claim that it could not afford to insure the stolen works against theft...
...museum named after millionaire iconoclast Isabella Stewart Gardner announced days after the break-in that the works were not insured for theft...
...insurers said, however, that theft insurance was affordable even for small museums, and disputed the Gardner's claim that it would cost millions each year...
Both Allen and Huntington Block, president of a Washington, D.C., firm that insures 285 museums, said a $100 million policy covering theft, fire and any other loss or damage would run about $150,000 annually...
Museum spokesman Barry Wanger said Gardner officials reviewed the museum's insurance policies about two years ago. He said they had received widely varying cost estimates and concluded that protection against theft was too expensive...