Understanding Event Cancellation Insurance Coverage

By Shaun Crosner   In the big-money business of live sporting events, a canceled or postponed event can result in multi-million dollar losses for various individuals and entities. For example, in December 2010, heavy snow in the Minneapolis area caused the roof of the Hubert H. Humphrey Metrodome, home of the NFL’s Minnesota Vikings, to collapse. The resulting damage led Metrodome officials to postpone a primetime Sunday night game between the Vikings and the New York Giants. The game