Challenged contingency market hit by $40mn+ Hurricane Ida festival claim
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Challenged contingency market hit by $40mn+ Hurricane Ida festival claim

Samuel Casey
September 08, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
McKinney, Texas, USA. 31st Aug, 2021. Aug 31, 2021-Cajun Navy travels to Pointe-aux-Chenes, Louisiana, to perform rescues and debris cleanup after Hurricane Ida slammed into Louisiana. (Credit Image: © Leslie Spurlock/ZUMA Press Wire)

The event-cancellation market is anticipating losses in excess of $40mn after Hurricane Ida forced the cancellation of the Bonnaroo music festival in Tennessee last week.

Howden is the broker on the festival’s event-cancellation policy, with exposure to the claim spread throughout the London market.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Contingency/entertainment
sam casey/sam casey ii us.png
Samuel Casey
Senior Reporter
Contact
Gift this article