Welcome back to Falcon Forward with Peter Brecht and Mike Tanghe!

What does a global soccer tournament have in common with a neighborhood corporate picnic? More than you think! In today's episode, we take a deep dive into Special Event Insurance, comparing the massive risk management behind the FIFA World Cup to the planning of our own upcoming first annual company potluck.

Mike breaks down standard event liabilities, host liquor policies, and then things get wild as we explore some of the craziest real-world insurance scenarios and bizarre coverage options on the market.

In this episode, we discuss:

The Rod Stewart Controversy: A sudden laryngitis cancellation that left 14,000 fans in Chula Vista stranded—and the next-day private jet Instagram video that had underwriters scrambling for doctor's notes.

The 1984 McDonald’s Olympic Blowout: How a "US Wins, You Win" happy meal promotion cost McDonald's millions when Russia boycotted, and why "Over-Redemption Insurance" exists.

Insuring "Cold Feet": Can you really insure your wedding budget against a runaway bride or groom?

Bizarre Policies: Drone aviation liability, Kidnap & Ransom (K&R) for international travel, and how underwriting changes depending on whether stadium fans are Miami Dolphins or Las Vegas Raiders fans.

Grab a snack (perhaps some Old Bay Goldfish?) and join us for this entertaining crash course on insurance policies you didn't even know existed!

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EPISODE CHAPTERS:

00:00 - Storms, Ticks, and Old Bay Goldfish

02:10 - Team Updates & Falcon West's 45th Annual Potluck

03:06 - What Does It Take to Insure the FIFA World Cup?

04:32 - Event Liability: What Happens When Someone Gets Hurt?

05:21 - The Host Liquor Liability Distinction

06:37 - Medical Payments vs. Workers' Comp Claims

07:20 - Event Cancellation: Managing Massive Financial Risk

08:15 - Wedding Insurance Explained (Hurricanes & Trip Delays)

09:58 - Can You Actually Insure Against Wedding "Cold Feet"?

11:00 - Non-Appearance & Star Player Insurance

11:54 - Rod Stewart’s Controversy: Laryngitis or Private Jets?

13:35 - Physical Infrastructure & Off-Site Property

15:40 - Kidnap & Ransom (K&R) Insurance

17:03 - Terrorism Coverages (TRIA) in Global Mega-Events

18:45 - Cyber Liability: Gate Scanners & Broadcast Outages

20:50 - Underwriting Stadiums: Raiders vs. Dolphins Fans

22:19 - Parametric Weather Coverage: Betting on the Storms

23:37 - Drone Liability & Cyberbullying Protection

24:13 - Trade Credit Insurance & Defaulting Vendors

24:37 - McDonald’s 1984 Olympic Promo Disaster

25:27 - Holiday Party Crisis Management & Employment Practices

26:34 - Polymarket vs. Parametric Insurance Bets

27:37 - Academy Property Training & Wrap-Up

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Keep up with us! Visit our website at falconforward.com and let us know what crazy insurance coverages you've heard of in the comments. See you next week!