New York, NY (Top40 Charts) Romeo Entertainment Group and Spectrum Weather and Specialty Insurance form a strategic alliance to offer event cancellation insurance to outdoor event organizers across the United States. As recognized leaders in their respective industries, this alliance will help to ensure that fairs and festivals have a mechanism to help mitigate potential financial losses due to adverse weather and other unforeseen causes of event cancellation.
Romeo Entertainment Group ("REG") is a full service entertainment agency providing expertise, support, and services in ALL key areas essential to the successful execution of any event. Their suite of services includes talent buying, event marketing, event production, and other business services including contract review and rider negotiations for fairs, rodeos, casinos, festivals, corporate and special events all across the country.
In response to the weather related staging tragedies in Europe, Canada, and the U.S.,
Romeo Entertainment Group (REG) has encouraged clients to take a proactive approach to this issue. Many live entertainment event owners/operators are familiar with conventional rain insurance but, unfortunately, have not been exposed to the more comprehensive coverage of event cancellation insurance. "Uncomfortable weather, such as rain, can of course have its own financial complications, but the type of weather that results in the forced cancellation of an event is not specifically covered by a rain insurance policy," indicates R.J. Romeo, REG's General Counsel. "Cancellations due to extreme weather, or other non-weather causes, are more appropriately addressed through an event cancellation insurance policy."
As Spectrum's President, Robert Holmes, states, "Many fairs and festivals, both large and small, have a significant financial exposure to weather, especially rain, which poses a great risk to financial stability. In addition to weather, other factors may cause the cancellation or abandonment of an event, such as a power outage or the nonappearance of an entertainer. It is Spectrum's goal that those responsible for organizing these events are educated with regards to the specialty insurance products available to help mitigate these risks."
The resources available to REG's clients through the Spectrum will give those members access to a simplified and comprehensive system that provides for their rain insurance and event cancellation needs, at rates that are among the most competitive in the industry. Because Spectrum works with several weather insurance companies, it can typically provide rates to REG clients more favorable to those obtained in the past through other outlets. "Fairs and festivals that have a considerable amount of financial exposure linked to a successful outdoor event should be electing to include this type of insurance coverage as a normal course of business," states Holmes. "It's a prudent and affordable alternative to 'rolling the dice.' After all, Mother Nature always bats last."
Romeo Entertainment Group ("REG") is a national, full-service talent buying agency that has been in business for more than six decades, and maintains offices in Nashville, Los Angeles, and Omaha. REG produces more than 500 shows annually for fairs, rodeos, casinos, festivals, corporate and special events. REG began as The Don
Romeo agency, founded in 1954, and soon became one of the largest and most respected talent buying agencies in the entertainment industry. The agency has booked thousands of shows with entertainers such as The Rolling Stones, The Three Stooges, Frank Sinatra, Bob Hope, The
Beach Boys and even Lassie. Over the years the family business continued to grow with Don's children, Bob and Fran, joining the company. Bob and Fran built REG into one of the leading producers of entertainment programming throughout North America. REG will receive the International Talent Buyers Association (IEBA)
Industry Achievement Award on
September 30, 2014, where R.J.
Romeo has also been nominated for the IEBA Fair Buyer of the Year.
Spectrum was established with the goal of providing rain insurance, event cancellation insurance, and other specialty insurance solutions that are simple to understand and purchase, and with the highest degree of customer service in the industry. Spectrum serves events both large and small, including fairs, festivals, concerts, and other outdoor events impacted by weather. In addition to event cancellation insurance, Spectrum provides rain insurance, liability insurance for events, as well as insurance for weather-based promotions. Spectrum also provides snow insurance to help protect against extremes in winter snowfall for snow removal contractors.
For more information about
Romeo Entertainment Group, visit romeoent.com.
For more information about Spectrum Weather and Specialty Insurance, Inc., visit https://www.spectrumweatherinsurance.com.
