Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Supergirl trailer Milly Alcock
    EntertainmentVideos

    DC Releases First ‘Supergirl’ Trailer Starring Milly Alcock

    December 12, 2025 2 Min Read
    Hunger Games Sunrise on the Reaping trailer
    EntertainmentVideos

    Hunger Games Prequel Trailer Sparks Fan Frenzy Over 10-Second Silent Cliffhanger

    November 21, 2025 3 Min Read
    Billie Eilish Elon Musk
    EntertainmentVideos

    Billie Eilish Criticizes Elon Musk, Calls Billionaire Wealth “Pathetic”

    November 14, 2025 3 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Taylor Swift’s Concerts Cancellation Stir Financial Turmoil for Insurers
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Taylor Swift
PhotoNews Pakistan > Business > Taylor Swift’s Concerts Cancellation Stir Financial Turmoil for Insurers
Business

Taylor Swift’s Concerts Cancellation Stir Financial Turmoil for Insurers

Web Desk
By Web Desk Published August 13, 2024 1 Min Read
Share
American Singer Taylor Swift. Photo Credits: NBC
SHARE

Taylor Swift’s concerts in Vienna, Austria, scheduled for last Thursday, Friday, and Saturday, were cancelled due to a government-confirmed threat of a terrorist attack linked to ISIS.

The cancellation has placed significant financial pressure on the insurance companies, as they must cover substantial losses from the aborted events.

The concert promoter, Barracuda Music, has committed to refunding all tickets within 10 days. This will involve substantial sums that will heavily impact the insurers.

Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be canceled, though several providers will share out the hit, two people involved in insurance for her tour told @Reuters. More here: https://t.co/b7zItxQVyD pic.twitter.com/OV4vMQ2f2b

— Reuters Showbiz (@ReutersShowbiz) August 9, 2024

The cancellation followed the arrest of two individuals in Austria who were connected to the threat last Wednesday. A 19-year-old, arrested in Ternitz and found with various chemicals at his residence, had pledged allegiance to ISIS. Another suspect was detained in Vienna. Both were reportedly radicalized online and had concrete plans for the attack.

An anti-terror operation initiated on Wednesday in Ternitz led to evacuations and roadblocks, reflecting the severity of the threat and the swift response by Austrian authorities to prevent potential harm.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

The Next Salahuddin movie

Pakistan’s First AI-Driven Film ‘The Next Salahuddin’ to Premiere in Karachi

Sharjeel Inam Memo Dhurandhar Lyari controversy

Sharjeel Memon Criticises Indian Film ‘Dhurandhar’ Over Portrayal of Lyari

USCIS immigration photo rules

USCIS Tightens Photo Rules for Immigration Applications to Curb Identity Fraud

Post Archives

More Popular from Photonews

kris jenner kylie timothee chalamet approval
Entertainment

Kris Jenner Signals Approval for Kylie Jenner and Timothée Chalamet

3 Min Read
imran khan and UN Logo
PakistanTop News

UN Rapporteur Warns Imran Khan’s Detention Conditions May Be “Inhuman”

4 Min Read
gold price increase today
Business

Gold Global Rate Hits $4,214, Local Tola at Rs443,762

2 Min Read
Tech

Nvidia Responds to Reports of DeepSeek Using Smuggled AI Chips

NVIDIA has responded to serious allegations concerning a Chinese AI rival. Reports suggest startup DeepSeek is…

December 11, 2025
Entertainment

Michael B. Jordan Scores First Golden Globe Nomination for Dual Role in Sinners

Michael B. Jordan is celebrating his first Golden Globe nomination, a major milestone in a career…

December 9, 2025
Business

KSE-100 Briefly Tops 170,000 Before Profit-Taking Halts Rally

Pakistan's benchmark KSE-100 index touched a significant milestone. It surged past the 170,000-point barrier during intraday…

December 10, 2025
PakistanTop News

Police Use Water Cannons to Disperse Imran Khan Sisters Sit-In Outside Adiala Jail

An hours-long PTI sit-in protest outside Rawalpindi's Adiala Jail ended late Tuesday night following a police operation. Authorities used water cannons…

December 10, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?