Insurers retreat from covering disease in event cancellations
- May 22, 2020 |
- Walt Williams
Many associations likely didn't have cancellation insurance, and many of those that did opted out of optional disease coverage McCormick Place Convention Center in Chicago The cost of event cancellation insurance is rising because of the COVID-19 pandemic, with optional coverage for communicable diseases disappearing entirely, according to insurance professionals. Putting an exact number on the rate of increase is difficult because prices are determined on an event-by-event basis, with factors such as size of the event, time of year and location considered in the final tally. But Patti Loftis, nonprofit practice director and vice president of insurance broker AHT in… Read More