The ‘cancellation culture’ caused by Covid-19 is hitting the economy hard, but the inability for event organisers to obtain to coronavirus cover is still stifling this sector – Blanc believes it’s time for the insurance industry to lean on the government for a solution
Aston Lark group chief executive Peter Blanc has declared that “Pandemic Re needs to get up and running” in order to mitigate the detrimental economic impact of the coronavirus crisis on the events sector, as organisers struggle to secure insurance coverage for Covid-19.
Speaking exclusively to Insurance Times, Blanc said the UK is currently in the grip of “a complete cancellation culture, where everything’s continually being cancelled and no-one can actually take the risk of arranging anything now because they can’t buy insurance against Covid”.
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