Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk December 13, 2024 Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and...
Insurers Review Middle East Events Policies After War Leads to Cancellations November 8, 2023 By Carolyn Cohn and Noor Zainab Hussain Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war...
Insurer Sued Over 80th Birthday Event Cancellation at Sting’s Estate in Italy September 28, 2023 By Andrew G. Simpson A Pennsylvania firm that organized a three-day musical festival for its owner’s 80th birthday at the Italian residence of musician...
Insurer Liable for COVID Shutdown of Tina Turner Play, New York Appellate Court Rules December 9, 2022 By Jim Sams Producers of a Broadway play based on the life of pop star Tina Turner, which was shut down because of...
Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics February 4, 2022 By Noor Zainab Hussain and Carolyn Cohn The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter...
NRA Canceling Annual Meeting in Texas Because of COVID August 26, 2021 The National Rifle Association announced it has canceled its annual meeting, which had been set to be held next month...
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...
Olympics Ban on Spectators to Cost Reinsurers Far Less Than Cancellation: Fitch July 13, 2021 Japan’s decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300 million to...
UK Government Expected to Back Insurance Scheme for Live Entertainment June 30, 2021 By Carolyn Cohn and Barbara Lewis The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theater...
Banning Spectators Is ‘Least Risky’ Option for Tokyo 2020 Games: Medical Experts June 18, 2021 By Sakura Murakami, Rocky Swift and Linda Sieg TOKYO – Japanese medical experts said on Friday that banning spectators at the Olympics was the least risky option for...