The Shortlist: The Insurance Impact of Dorian and Sports Broadcast Rights
Hurricane Dorian has caused widespread evacuations across the southeast coast of the U.S., and the second-stronger Atlantic storm on record may come with a hefty price tag for insurance providers.
Analysts at UBS say the storm could cause as much as 25 billion dollars in insurance industry losses. Overall, the investment bank estimates that 2019 will be responsible for approximately 70 billion dollars in natural catastrophe losses for insurers.
On a lighter note, the price tag for sports franchises has also been heavy in recent years, and Big Tech companies bidding on broadcast rights could pump more money into professional leagues.
Current National Football League Commissioner Roger Goodell admitted in a recent press conference that big tech companies are already players in current broadcast negotiations.
Tune in to Business Casual, MarketScale’s live radio broadcast, every Wednesday and Friday at 8 a.m. CST.
