After reaching a settlement with the ticket holders, SXSW looked to its insurer Federal Insurance Co., which denied the claim and pointed to a professional services exclusion in its policy which stipulated that in such circumstances, the insurer was not obliged to cover any legal fees. SXSW filed suit against the insurer. (Credit: Jack Plunkett/AP)
The U.S. District Court for the Western District of Texas, Austin, has deemed an insurer not responsible for 2020 event cancellation and ticket refunds.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.