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A comment on Calls to Cancel SXSW Intensify as Facebook, Twitter Pull Out, 30K Sign Petition.

Re:Calls to Cancel SXSW Intensify as Facebook, Twitter Pull ... by mdorazio on Tuesday March 03, 2020 @10:42AM (#22475348)
There’s so much money tied up in SXSW for the entire city that I’m sure there’s a ton of pressure to keep it on no matter what.
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Re:Calls to Cancel SXSW Intensify as Facebook, Twitter Pull ... by marklacey on Tuesday March 03, 2020 @10:54AM (#22475522)
They may be insured. However they may also have a large deductible and need to eat quite a few costs.
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Re:Calls to Cancel SXSW Intensify as Facebook, Twitter Pull ... by luch on Tuesday March 03, 2020 @11:35AM (#22475998)
most insurance companies will play the "force majeure" card in order to exempt themselves from reimbursing clients.

No insurance company is solvable against a global pandemic event.

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Re:Calls to Cancel SXSW Intensify as Facebook, Twitter Pull ... by btilly on Tuesday March 03, 2020 @01:28PM (#22477306)
No insurance company is solvable against a global pandemic event.

Except Berkshire Hathaway:

https://www.reuters.com/article/us-berkshire-buffett-insuran...

If Warren Buffett himself survives, I expect to see his shareholder letter next year talking about how their losses notwithstanding, COVID-19 left Berkshire Hathaway in a stronger position relative to the rest of the insurance industry, and has improved their outlook for the future.

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Re:Calls to Cancel SXSW Intensify as Facebook, Twitter Pull ... by jhayward on Tuesday March 03, 2020 @01:37PM (#22477402)
Only a small number of very narrow segments of business benefit from SXSW - but they benefit a lot. The rest of Austin businesses, and Austinites, suffer degradation and losses. Ask any downtown business that's not in the lodging/entertainment industry.
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