COA demands insurance cover for Intramuros' 'priceless' works of art, historical artifacts
Published July 8, 2021, 11:08 AM Thousands of paintings, sculptures and archaeological specimens with a total appraised value of P118.84 million 13 years ago have not been insured by the Intramuros Administration (IA) and are exposed to the “risks of non-indemnification in cases of damage/loss” due to fortuitous events” and unforeseen destruction, the Commission on Audit (COA) has warned. Intramuros COA lamented in the recently-released IA annual audit report (AAR) for 2020 that the agency has failed to insure the “priceless” historical and archaeological items with the Government ...
Source: mb.com.ph