event cancellation News

Masters Without Golf Fans Pushing Augusta Hotels to Delinquency

For Augusta’s lodging market, the Masters really is a tradition unlike any other — one that puts well-coiffed heads in hotel beds, and lifts room rates like a 9 iron. This year, the annual golf tournament was postponed from its …

Swiss Re Swings to Q1 Loss as Coronavirus Outbreak Bites

FRANKFURT — Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus outbreak began to bite, it said on Thursday. The Zurich-based company booked a hit of $476 million for …

Viewpoint: Anticipated Coronavirus Claims Scenarios Across Major Coverage Lines

As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood of a resulting increase in claims volume. Much of the early focus has been on the ramifications to insurers that …

Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations

Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance …

March Madness Risk Planning Starts Early

Last year’s NCAA Final Four men’s basketball tournament was one of the highest attended and most watched games in the event’s history. According to NCAA.com, attendance totaled 153,780 for the games. In the wake of mass shootings and cyber threats, …

Insurance Helps Weather-Related South Dakota Event Cancellations

Event organizers often do more than hold their breath and hope for success. Sometimes, they hedge their bets when they plan an entertainment venture. Insurance seems like such a dull subject that it would have no place in the entertainment …