Owners of $1.5M artworks buy insurance to cover their theft or destruction for significantly less than $1M, and the insurers do not go bankrupt. As the other c

Owners of $1.5M artworks buy insurance to cover their theft or destruction for significantly less than $1M, and the insurers do not go bankrupt. As the other commenter points out the expected value of the heist of a $1.5M painting is a lot less than $1M for potential thieves.