event cancellation insurance News

Insurer to Pay for Florida Gators-Idaho Vandals Cancelled Game

The University of Florida’s Athletic Department is scheduled to collect $1.8 million under a Lloyd’s of London insurance policy that covers the loss of ticket revenue in the event a home game is cancelled. The University of Florida Gators were …

Report: NYRR Received $15M for Cancelled NYC Marathon in 2012

The New York Road Runners (NYRR), a nonprofit group that organizes the annual New York City Marathon, received $15 million in insurance proceeds from Lloyd’s of London for the cancelled New York City marathon in 2012, according to a report …

Insurance for Sporting Events Could Be Affected by Marathon Bombings: RMS Expert

Insurance markets for sporting events and terrorism coverage could be affected by the Boston Marathon bombings, according to a risk expert offering one of the first estimates of the impact of the terrorist attack. Dr. Gordon Woo, catastrophist at the …

NYC Marathon Organizers Likely to Get Millions From Event Insurance

The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation coverage. The New York Road …

Attorneys Discuss Importance of Event Cancellation Insurance

The cancellation of the 2012 New York City Marathon was disappointing to the approximately 47,000 runners who dedicated months to training for the race, many of whom had already spent a significant amount of time and money to register and …