Music Festivals Canceled This Year Reveal Rising Costs of Producing Large Events March 15, 2024 By Ignacio Gonzalez For four decades, the Riverbend Festival delighted music fans in Tennessee with headlining acts like Lionel Ritchie and ZZ Top,...
Insurance Technology: BirdsEyeView Wins Funds for Parametric Cover; Audatex Adds Live Car Valuation Data June 22, 2022 Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the...
Virus Concerns Again Force Cancellation of New Jersey Marathon August 18, 2021 Concerns about COVID-19 have prompted the cancellation of one of New Jersey’s premier road races for the second year in...
Britain Launches $1 Billion Reinsurance Scheme to Cover Music Festivals August 6, 2021 By Carolyn Cohn Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events...
Budweiser Insurance, Eh? Beer Maker Taps Into Canadians’ Love for BBQs June 22, 2021 The “king of beers”—Budweiser— is venturing into the Canadian insurance industry with the launch of Budweiser Insurance. The major brand...
We Can Work It Out: Negotiations Likely on COVID-19 Reinsurance Losses June 11, 2021 By Susanne Sclafane Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from...
Washington Ticketing Firm to Pay $9M in Restitution March 16, 2021 Seattle, Wash., ticketing company Brown Paper Tickets has agreed to pay $9 million in restitution to an estimated 45,000 customers....
Olympic Officials Unveil Rules on Masks, Singing, Transport for COVID-19 Games February 3, 2021 By Jack Tarrant and Sakura Murakami Olympic officials on Wednesday unveiled the first of many COVID-19 rules for the Tokyo Games this summer, banning singing and...
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Olympics Board Expected to Focus on Safety; Unlikely to Cancel Tokyo Games January 26, 2021 By Karolos Grohmann BERLIN— The Tokyo Olympics will top the agenda when the International Olympic Committee’s executive board meets on Wednesday – but...