Gov't Shutdown Can Trigger Event Cancellation Insurance
Law360 (March 6, 2019, 4:32 PM EST) -- The country’s longest government shutdown in history is over, but many companies and organizations are still feeling the impact. In particular, many government contractors and other organizations suffered multimillion-dollar losses as a result of having to postpone or cancel events during the shutdown.
For instance, groups had to cancel receptions and events at national parks, museums and other federally owned properties because they were not open. Conventions were impacted because government speakers were forced to cancel their appearances. Conferences with attendees consisting primarily of government and defense industry employees were impacted. Even the Air Force Academy had to cancel home and...
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