Federal conspiracy in California highlights New Year’s Eve terror risks for insurance companies

For insurance companies, several key points from this case are worth noting. New Year’s Eve is one of the highest concentrations of public gatherings, hospitality revenue and event activity, so even a spoiled plot can result in event cancellations, increased security costs and localized business disruptions. This could involve event cancellation insurance, terrorism or political violence policies and, in some cases, non-damaging business interruption or civil power extensions, depending on the wording.