A Pennsylvania firm that organized a three-day musical festival for its owner’s 80th birthday at the Italian residence of musician Sting is suing its insurer seeking payment under an event cancellation policy. Wingstone Investment Holdings and its sole owner Loralee …
LEE’S SUMMIT, Mo. (AP) — A Black family says racism prompted officials at a suburban Kansas City water park to cancel a private pool party for their 17-year-old son’s birthday during the weekend. Chris Evans said he signed a contract …
JACKSON, Miss. (AP) — A law enforcement officer shot and killed one of the people suspected of firing shots at a festival in Mississippi, a sheriff said late Saturday. Organizers said Sunday that, in response to the shootings, they canceled …
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces “brand damage” from a legal dispute over policy wordings for pandemic-linked claims. Hiscox shares plunged 13% …
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 …
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 …
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 …
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 …
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, …
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 …