How Big Events May Try To Buy Pandemic Insurance

When you're talking about a tennis tournament like Wimbledon, we're talking about a series of days where, okay, we can say that we may have, you know, immeasurable risk oh wait, but it is measurable. Because there's a pro forma that was run and Wimbledon expects to make a certain amount of revenue, it expects to function in a certain way. And what the pandemic would do is disrupt that finite pre-calculated revenue generation. Whereas when you have an open-ended situation, like, let's use Florida, everything shut down from, you know, mid-March until, when's it going to be? So let's not use Florida let's use the United States. In Florida, it could be from mid-March to, you know, mid-April or early June. Whereas in a state like, I'll pick on Oregon because I have a good friend who lives there, they still have certain business services that aren't fully open. So it's open-ended, there's no way to quantify the losses and the biggest thing about insurance is predictability and a quantified maximum probable loss. And in the case of a tennis tournament like Wimbledon, you can calculate your maximum probable loss, because you can pretty well know how the tournament's gonna run, it's a finite period with a finite amount of revenue expected. Therefore you can actually calculate what is transferring the risk to an insurance company worth to that insurance company, when it's open-ended, there's just no way to, you don't have those metrics. That's what it's all about is having metrics. So there's a degree of predictability.