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Organizers of live events in the U.K., such as festivals and theaters, gave their partial support Friday to a new coronavirus-related insurance initiative aimed at easing their financial worries. In a statement late Thursday, the government said it was backing a 750 million-pound ($1 billion) insurance scheme that will cover the cancellation costs incurred by…
LONDON (AP) — Organizers of live events in the U.K., such as festivals and theaters, gave their partial support Friday to a new coronavirus-related insurance initiative aimed at easing their financial worries. In a statement late Thursday, the government said it was backing a 750 million-pound ($1 billion) insurance scheme that will cover the cancellation […]
Denmark latest European country to launch insurance fund for festivals Denmark culture minister Joy Mogensen said she is overseeing the creation of a kr530m (£61m) cancelation compensation fund for festival organisers, with the aim of encouraging them to press ahead with their events this summer. It follows similar steps by Germany, with a €2.5bn (£2,14bn) fund, and schemes by Norway (€34m/£28.12), The Netherlands (€300m/£257m), Austria (€300m/£257m) and in Belgium (€60m/€51.4m). The scheme will compensate for all fixed costs and salaries incurred by organisers of festivals s...