Reno Air Races Appeals for Money to Save Event
The National Championship Air Races has launched a worldwide fundraising campaign to try to keep alive the 50-year-old event that’s been struggling with insurance costs since a deadly accident in Nevada two years ago.
Reno Air Racing Association president and CEO Mike Houghton says they need to raise $500,000 by Dec. 15 to keep their operating budget functioning for the first quarter of next year.
The premium is still more than $1 million.
An estimated 200,000 spectators turned out last year but Houghton says they suffered a significant budget shortfall for the third year in a row.
- US, Mexico, Canada to Miss July USMCA Date, Ramping Up Trade Tension
- Merck to Settle Bulk of Gardasil Suits for About $50 Million
- The Field Inspection Gap: A Growing Structural Risk in Claims Handling
- Why Toyota RAV4s Are Suddenly the Most Coveted Used Cars in America
- CommScope Sued by Lenders for at Least $150 Million Over Alleged Breach
- JPMorgan Denies Ex-VP’s Viral Harassment Claims in Court Filing
- ‘Big Tobacco’ Moment for Cannabis: What Insurers Need to Know About Murray v. Cresco
- Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference