The DICK’S Sporting Goods Open received rain from June 23-25, triggering their rain insurance policy with Vortex Weather Insurance, which resulted in the tournament operator, Broome County Community Charities, receiving payouts that helped with lost revenue.
Earlier this month, it was announced that for the second consecutive year, Vortex Weather Insurance would provide a rain insurance policy for the DICK’S Sporting Goods Open, a PGA TOUR Champions Event at En-Joie Golf Course in Endicott, New York.
The DICK’S Sporting Goods Open is operated by Broome County Community Charities, Inc. (BCCC) and has donated over $19.6 million to charity.
BCCC’s initial mission focused the 501(c)(3)’s funding toward health care organisations with the goal to assist the greatest number of people within their community.
The insured rain events resulted in BCCC receiving payouts that helped with lost revenue.
Eric Anderson, Vortex Insurance National Director of Sales, said, “I want to congratulate the organizers of The DICK’S Sporting Goods Open for not only hosting a great tournament for the golf fans of Central New York but for also making the decision to partner with Vortex again this year.
“Because of the policy, the organizers went into the weekend with peace of mind. And when the policy was triggered, their instincts were proven right.”
John Karedes, Executive Director of DICK’S Sporting Goods Open, commented, “We were fortunate enough to work with Vortex again to help protect our 2023 Tournament week. Turns out, it rained twice over the weekend and our policy was triggered.
“We received a check in less than two weeks. So even though the tournament wasn’t as well attended as we hoped because of the rain, we were able to contribute fundraising dollars as planned.”
In related news, Vortex Insurance recently disclosed that its supplemental parametric hurricane insurance is now available online for small and medium-sized businesses in parts of the US.
Launched on March 2023, the firm stated its supplemental hurricane insurance will work to cover gaps left in place by traditional insurance policies.
