Wu got to bask in the Olympic spirit with his family.
LONDON: Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be cancelled, though several providers will share out the hit, two people involved in insurance for her tour told Reuters.
Swift is popular among insurers as she rarely cancels concerts, a third insurance source said. Her celebrity and success mean that most specialist event cancellation insurers in London would be involved in covering her tour, one of the sources said. The sources declined to be named, citing client confidentiality.
Militant attacks are often excluded from event cancellation policies, but policyholders typically buy extra cover against them, or the threat of them. Alvarez said insurance losses were likely to be limited by the fact that the concerts could be rescheduled. The stadium would also typically have event cancellation insurance, said Loretta Worters, vice president, media relations at the U.S. Insurance Information Institute.
Leigh Ann Rossi, senior vice president, sports and entertainment group, at broker NFP, also said she didn't think"this one-off concert claim will move the needle in the marketplace".
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