On October 21, 2021, Sarah Cronin was quoted in Best’s Review on the impact of the COVID-19 pandemic on insurers in the live entertainment market.
According to the article, over the past 19 months, insurers have been hit with some fairly large losses, particularly in event cancellation coverage. That’s forcing some policyholders to reevaluate where they will place those risks, with some looking to captives or self-insurance as an option, said Cronin. Since the start of the pandemic, carriers insuring live events have been busy altering policy language and adding communicable disease exclusions.
Continue Reading Best’s Review Quotes Sarah Cronin on the Impact of COVID-19 on Event Insurance