Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Bridgerton Season 4 trailer
    EntertainmentVideos

    Bridgerton Season 4 Trailer Reveals Benedict’s Love Story

    December 26, 2025 2 Min Read
    Christopher Nolan The Odyssey trailer
    Videos

    Christopher Nolan Drop ‘The Odyssey’ Trailer

    December 23, 2025 2 Min Read
    Supergirl trailer Milly Alcock
    EntertainmentVideos

    DC Releases First ‘Supergirl’ Trailer Starring Milly Alcock

    December 12, 2025 2 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

Venezuela's President Nicolas Maduro

Venezuela Officials Rally Behind Maduro After US Capture

Angelina Jolie

Angelina Jolie Plans Life Beyond Hollywood, Eyes New York and Cambodia

Damien Martyn meningitis

Adam Gilchrist Calls Damien Martyn’s Recovery “a Miracle”

Post Archives

More Popular from Photonews

Gold Prices Pakistan
Business

Gold Prices Fall Rs16,200 in Two Days as Local and Global Rates Decline

1 Min Read
PTCL U Microfinance Bank investment
Business

PTCL Invests Rs15bn in U Microfinance Bank to Boost Digital Banking

2 Min Read
NADRA facial recognition biometric verification
Pakistan

NADRA Introduces Facial Recognition for Biometric Verification to Assist Citizens

2 Min Read
Punjab

Basant Returns to Lahore: DC Allows Kite Flying From Feb 6–8 Under New Law

Lahore authorities have formally approved the celebration of Basant from February 6 to 8, ending an…

December 29, 2025
Offbeat

Japan PM Sanae Takaichi Moves Into Historic Residence Linked to Ghost Stories

Japan’s first woman prime minister, Sanae Takaichi, has moved into the country’s official prime ministerial residence.…

December 30, 2025
World

Kuwait Sets Six-Month Overseas Stay Limit for Expatriate Residents

Kuwait has introduced stricter residency regulations, imposing a cap on the time expatriate residents may be…

January 3, 2026
Entertainment

Tom Brady Spotted on Caribbean Yacht with Leonardo DiCaprio

As the NFL entered its final week of regular-season action, Tom Brady spent the weekend away…

January 4, 2026
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?