contest and prize insurance News

UMass Pays Out $10K After Tiff With Insurer Over Student’s Prize for Half-Court Shot

UMass said it would pay a student the $10,000 prize for a halftime promotion at a women’s basketball game after a dispute with an insurance company over whether he stepped over the line when he made a half-court shot. Noah …

Grand Jury Indicts ‘Hole in Won’ Owner on Prize Insurance Fraud Charges

A federal grand jury in Connecticut returned a six-count indictment charging a Norwalk, Connecticut business owner with fraud offenses related to his operation of a prize insurance business. According to the officials, Kevin Kolenda owns and operates Hole In Won …

Budweiser Insurance, Eh? Beer Maker Taps Into Canadians’ Love for BBQs

The “king of beers”—Budweiser— is venturing into the Canadian insurance industry with the launch of Budweiser Insurance. The major brand made its intentions known in two separate announcements. Addressing those who doubted the seriousness of the effort, Mike D’Agostini, Budweiser …

SCA Promotions Wins March Madness Prize Insurance Fight Against Yahoo

Yahoo Inc. owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men’s basketball tournament, and entering a similar contract with Quicken Loans Inc. and Warren …

Super Bowl Madness: Insuring Kick-Offs, Touchdowns and More

When it comes to contests, promotions and prizes, the Super Bowl hasn’t always been kind to Dallas-based SCA Promotions. Over the past decade, the prize/promotion insurer has paid out more years than not on contests related to football’s greatest game. …