6 ms·

Really shouldn't conferences be paying for insurance against X?

• crazygringo 7y ago
  Yes but this kind of thing generally falls under "act of god" which you simply cannot buy insurance against. Now I'd be curious to see SXSW's actual insurance policy, but honestly I don't believe there's anything available they could possibly have done to protect against this.
• mongol 7y ago
  Force majeure. If that would not be in insurance agreements then every insurance company in the world could go broke in case of a pandemic.
  • joquarky 7y ago
    Shouldn't actuaries take this possibility into account?
    • mongol 7y ago
      I am sure they do and that is why it exist. Basically, it is an exemption for Black Swan events that affects a lot of people at the same time.
• deleted 7y ago
  [deleted]