UK government urged to underwrite event cancelations

Live events industry, insurers and reinsurers are urging the U.K. government to underwrite COVID-19 related event cancelations for live entertainment events, Reinsurance News reported. Calls for a government insurance backstop are getting stronger amid the absence of COVID-19 event cancelation insurance in the market, and the growing demand for live events as suggested by a new YouGov survey, which shows that 50% of the U.K. population wants to attend a live event this summer.

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