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“Cancelling RIMS 2020 was not an easy decision but a meticulous one,” RIMS CEO Mary Roth said in a statement to PropertyCasualty360.com in March 2020. (Photo: RIMS)

As the novel coronavirus quickly spread across the U.S. in 2020, RIMS, the risk management society, was forced to cancel its 2020 Annual Conference & Exhibition, one of the insurance industry’s largest networking and education events.

Now, RIMS is cashing out a $7.6 million event cancellation insurance payout covering the cancellation of the 2020 annual conference and exhibition and NextGen conference. The yearly meeting was canceled with less than two months to go before its May 3rd kick-off in Denver and was the first time the association has ever canceled the gathering.

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Hannah Smith JD

 

PropertyCasualty360

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