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Hospitality Advisor, Hospitality Alert, Retail & Hospitality
Insurance Likely Kept Swift Out Of The Woods After Vienna
By Diana S. Gliedman, Marshall Gilinsky and Fiona R. Hogan
The cancellation of three Taylor Swift concerts in Vienna in August
due to a foiled terror plot was a nightmare for Swifties worldwide,
and not a nightmare dressed like a daydream.
While the disruption of the Austrian leg of the Eras Tour was crushing for music lovers, the financial blow to Swift, the Ernst Happel Stadium, the concert promoter Barracuda Music and others involved likely was softened by event cancellation and additional terrorism coverage she is reported to have carried.
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Navigating the Legal Future of Pricing: AI-Driven Strategies and Personalized Pricing
By Jamie L. O’Neill
Businesses are increasingly turning to artificial intelligence and other advanced technologies to gain an edge in setting prices. AI-driven pricing models, which leverage sophisticated algorithms to set prices for products and services in real time, promise increased revenue but also raise significant concerns about privacy and market fairness. This shift from traditional pricing methods to more dynamic and personalized approaches presents a host of legal considerations that companies must navigate carefully.
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New York State Enacts Retail Violence Prevention Act
By Jessica S. Goldberg
On March 4, 2024, New York’s Retail Worker Safety Act takes effect. The Act was enacted in response to evidence of increased assaults and shootings in retail stores, particularly those that are open late. The Act an amendment to New York Labor Law that requires retail employers to develop and implement programs to prevent workplace violence. Director of Public Policy of the Retail, Wholesale & Department Store International Union, Josh Kellerman, commented about the Act, “People have to shop in person. This isn’t just about protecting workers, it’s about creating safe gathering places.”
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Overcoming Insurance Policy Exclusions for Vineyards and Wineries: Case Review
By Thomas Dupont and Maya C. Neski
As the fall harvest season closes, reflecting on the past year highlights the numerous challenges grape growers and wineries face.These include the increasingly prevalent threat of extreme weather conditions and temperature fluctuations, as well as wildfires. See, i.e., “Sonoma County fire threatens dozens of wineries in historic region,” San Francisco Chronicle, June 17, 2024; “Burgundy Faces Its Most Challenging Harvest in 50 Years,” Robb Report, September 29, 2024.As these unforeseeable risks and their devastating consequences increase at an alarming rate, grape growers and wineries must prepare for catastrophe – including by securing insurance coverage (from crop insurance, property insurance, business interruption insurance, and general liability coverage) that can respond in the event of a loss.
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