{"id":52840,"date":"2025-10-25T22:36:01","date_gmt":"2025-10-25T22:36:01","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/stolen-louvre-jewels-werent-privately-insured-french-government-says\/"},"modified":"2025-10-25T22:36:01","modified_gmt":"2025-10-25T22:36:01","slug":"stolen-louvre-jewels-werent-privately-insured-french-government-says","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/stolen-louvre-jewels-werent-privately-insured-french-government-says\/","title":{"rendered":"Stolen Louvre jewels weren&#8217;t privately insured, French government says"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>The priceless jewels thieves <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/louvre-robbery-thieves-will-be-caught-expert-says-crown-jewels-likely-lost\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">stole from the Louvre museum<\/a><\/span> in a brazen heist this week were not privately insured, France&#8217;s Ministry of Culture said in a statement to the daily newspaper\u00a0<a href=\"https:\/\/www.leparisien.fr\/economie\/les-musees-nont-plus-que-leurs-yeux-pour-pleurer-pourquoi-les-bijoux-voles-au-louvre-netaient-pas-assures-21-10-2025-Z6NZZ6RQ6BGMBGX6YETLU6WAAE.php\" target=\"_blank\" rel=\"nofollow noopener\">Le Parisien<\/a>.\u00a0<\/p>\n<p>French law prohibits entities like the Louvre from insuring its property, except when part of a collection is moved or loaned to another institution, Romain D\u00e9chelette, president of France-based Serex Assurances, a fine art insurer, told CBS News.<\/p>\n<p>Because the Louvre is a national museum, its collections are considered state property for which the state alone bears responsibility, according to D\u00e9chelette. The French Ministry of Culture did not immediately return a request for comment.<\/p>\n<p>&#8220;Everything that belongs to state museums in France is uninsured, unless it leaves the museum,&#8221; D\u00e9chelette told CBS News.\u00a0<\/p>\n<p>D\u00e9chelette added that if any of the stolen crown jewels had left the museum for another exhibit, the price of insurance would have been calculated based on an estimated value.<\/p>\n<p>&#8220;There is necessarily a value in the government accounts, and an estimate would be assigned with commissions and experts,&#8221; he explained.<\/p>\n<p>Paris prosecutor Laure Beccuau, who is investigating the incident, said Tuesday that the stolen crown jewels are worth an estimated 88 million euros, or $102 million, according to the Associated Press. That estimate doesn&#8217;t account for their historical value to France\u00a0<\/p>\n<p>Prosecutor , whose office is leading the investigation, said about 100 investigators are now involved in the police hunt for the suspects and gems after Sunday&#8217;s theft from the world&#8217;s most-visited museum.<\/p>\n<p>Charlie Horrell, head of fine art at insurance broker Marsh, told CBS News that private insurance would cover the cost of any losses that were to occur during transit.<\/p>\n<p>&#8220;It&#8217;s generally somebody dropping a painting, and we&#8217;d cover the repair and restoration cost of that painting, plus the depreciation of that piece,&#8221; he told CBS News.\u00a0<\/p>\n<p>In the case of the Louvre robbery, were the pieces to be insured privately, &#8220;there&#8217;s no question that if cover were in place, that claim would be paid out without issue,&#8221; he said.<\/p>\n<p>The French law does not apply to collections housed in private museums, like the Foundation Louis Vuitton in Paris. &#8220;In that case it&#8217;s different, and they buy insurance,&#8221; D\u00e9chelette said.<\/p>\n<p>&#8220;The state is its own insurer as long as the works belonging to national museums remain in their usual place of storage,&#8221; a spokesperson for the Ministry of Culture said in a statement to Le Parisien.<\/p>\n<p>As a result, neither the museum nor the government will receive any private insurance payments to cover the value of the stolen objects, according to D\u00e9chelette.\u00a0<\/p>\n<p>While French authorities are likely to locate the robbery suspects, they may not ever recover the stolen national treasures, a criminologist <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/louvre-robbery-thieves-will-be-caught-expert-says-crown-jewels-likely-lost\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">told CBS News<\/a><\/span>.<\/p>\n<p>&#8220;We will catch them,&#8221; Alain Bauer, a professor of criminology at France&#8217;s National Conservatory of Arts and Crafts, told CBS News. &#8220;I don&#8217;t think we will capture the jewels.&#8221;<\/p>\n<p>While the missing French crown jewels are widely considered to be priceless based on their historical value, they could be broken up into pieces, with the gems sold for millions on the black market, experts have told CBS News.\u00a0<\/p>\n<p>The heist raises concerns about the national museum&#8217;s security vulnerabilities. According to a recent security audit, 35% of the rooms in the Denon Wing, where the stolen jewels are displayed, are not monitored by security cameras, Radio France reported.\u00a0<\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                                  <a href=\"https:\/\/www.cbsnews.com\/team\/aimee-picchi\/\" class=\"byline__author__link\" data-invalid-url-rewritten-http=\"\">Aimee  Picchi<\/a>\n                      <\/p>\n<p class=\"content__meta--contributors\">\n<p>                      <span class=\"byline__author__text\">The Associated  Press<\/span><\/p>\n<p>        contributed to this report.\n    <\/p>\n<\/section>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<\/section>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/louvre-heist-stolen-jewels-not-insured-french-government-says\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The priceless jewels thieves stole from the Louvre museum in a brazen heist this week were not privately insured, France&#8217;s<\/p>\n","protected":false},"author":1,"featured_media":52841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[1914],"class_list":["post-52840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-the-louvre"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stolen Louvre jewels weren&#039;t privately insured, French government says - World News<\/title>\n<meta name=\"description\" content=\"The French government will not be reimbursed for any losses related to the priceless jewels, according to experts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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