Rain washes away planned events

by Richard Kilner

Story link: Rain washes away planned events

Dire weather continues in the United Kingdom, with this summer’s rainfall far exceeding averages and leading to a large number of events being cancelled.

Chris Rackliffe, a contingency underwriter for Beazley, explains that although 2007 was exceptionally bad (due to the summer flooding), 2008 has also been worse than average.

Two consecutive years of bad weather for event organisers has led to the market experiencing a substantial rise in enquiries pertaining to cancellation coverage.

A number of significant events had to be cancelled, including the Royal International Air Tattoo at RAF Fairford and the NatWest Twenty20 match at Durham.

The great British weather is renowned for its unpredictability, and considering acquiring cancellation coverage is something that should be done, according to Rackliffe.

The nearer the event, the higher the cost, meaning that thinking about whether the coverage is necessary is best done sooner rather than later.