Recent Catastrophic Storms Emphasize the Need for Event-Cancellation Insurance for Professional Sports Organizations
By Lorelie S. Masters, Michael S. Levine, and Tae Andrews
Recent catastrophic weather events and trends stress the importance of carrying event-cancellation insurance for professional sports organizations and stadium owners. Event-cancellation insurance protects policyholders from risks associated with event cancellations due to inclement weather, performers failing to appear as scheduled, and other unforeseeable events. Hurricane Irma forced the Miami Dolphins and Tampa Bay Buccaneers to