Will title insurance become the art world's new darling?

The article focuses on the issue concerning the effect of title insurance in Long Island, New York. ARIS Corp. offers protection in the $40 billion-a-year market with little regulation. The art world lacks transparency in the transaction since a buyer has no idea if there is a clear title to an art work. The owners can reapply for more coverage in the case of appreciation. Moreover, the fee could be as little as one percent of total value if ownership chain is uncomplicated.